Bloomberg Fixing HSBC Holdings Plc’s troubled US division will be one of the toughest parts of the lender’s new $17 billion strategy, Chief Executive Officer John Flint said. “Of all the things we have to execute on in the next three years, this is one of the most challenging pieces,” Flint said on a call with reporters. “We’ve struggled with ...

Bloomberg Deutsche Bank AG will probably report another quarter of declining revenue for the three months through June as it scales back investment-banking operations and cuts thousands of jobs. The lender will probably do “a little worse” than peers who have indicated they expect a flat top line, “given the quarter that we’ve had and the transition that we’ve been ...

Bloomberg Landlords have malls they’d like to unload. But who’d want to buy them? As they battle the rise of e-commerce, US mall owners are trying to clear their books of fading centres so they can focus on the most-profitable ones. That’s proving difficult, with just a shallow pool of investors who are willing to take on a declining mall ...