Washington / AFP Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates. The settlement last week followed a federal judge’s ruling in March admitting the class action lawsuit brought by investors and pension ...

  Bloomberg Commonwealth Bank of Australia posted a 4.5 percent increase in quarterly profit and joined its main competitors in reporting higher charges for bad and doubtful debts. Unaudited cash profit, which excludes one-time items, for the three months ended on March 31 was A$2.3 billion ($1.7 billion) from A$2.2 billion reported a year earlier, the Sydney-based lender said in ...

  Bloomberg U.K. house prices fell in April after a surge of rental investors rushing to beat a tax change bolstered the market earlier in the year, according to Halifax. Average values dropped 0.8 percent from March, the mortgage lender said in a statement on Monday. That reduced the annual gain to 7.8 percent from about 11 percent. On a ...