AP / Bloomberg Credit Suisse more than halved its fourth-quarter loss compared with a year earlier, the bank said on Tuesday, amid a “challenging” global market and continued cost cuts, after striking a multibillion-dollar settlement with U.S. regulators. The Zurich-based bank said it had set aside about $2 billion in the quarter to help pay for what became a ...

  Bloomberg The rupee’s sharpest rally in almost a year is giving India’s central bank scope to take out an insurance policy for what could be a tumultuous 2017. A resumption of stock and bond inflows and a budget viewed as fiscally prudent and pro-growth spurred a 1.9 percent gain against the dollar in the last three weeks, the best ...

  Reuters Standard Chartered will consider whether it can restart correspondent banking relationships with Sudan following the proposed lifting of U.S. sanctions, a senior executive said. Anurag Bajaj, who oversees the British-based lender’s correspondent banking business, where it provides services for other banks, said the bank was reviewing the implications of last month’s move by the outgoing Obama administration to ...