Bloomberg State Bank of India, the country’s largest lender by assets, joined its private peers in shrugging off losses as investors believe the lenders have finally got a handle on bad loans. SBI’s shares surged to a six-week high after it reported a record loss on Tuesday, weighed down by a doubling in provisions for soured debt. A similar contrarian ...

Bloomberg A former Deutsche Bank AG executive, Nizar Al-Bassam, is suing the German lender to reclaim bonuses totaling about 4 million euros ($4.7 million) following a probe into hiring practices in Russia and the UK. Al-Bassam, a former head of corporate and debt capital market finance for central and eastern Europe, the Middle East and Africa, said he believed the ...

Bloomberg Wells Fargo & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last year, and it’s now looking with consternation at the commercial real estate market. In auto lending, “we’ve pulled back enough and now we’re going to be growing that business again,” Sloan said in an interview ...