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Barclays, US set to renew talks on toxic mortgages

Bloomberg Barclays Plc and the US Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation. The Justice Department has responded in recent weeks to requests from the London-based bank to reopen negotiations, said the people, ...

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UBS buoyed by corporate finance team

Bloomberg UBS Group AG relied on its corporate finance business to boost profit for the investment bank in a tough quarter for trading. The division that advises companies on mergers and helps them with share and debt sales generated 35 percent more income in the three months through September. Landmark transactions supported the performance, UBS said, while stock-related activities contributed ...

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Deutsche Bank sued $13 million over unpaid bonus

Bloomberg Deutsche Bank AG was sued by Colin Fan, the former co-head of its investment banking unit, for at least 10 million pounds ($13 million) over unvested share awards the lender said were cancelled after a probe into personal trades that breached conflict-of-interest rules. Details about Fan’s case were disclosed in a short claim form from July and the lender’s ...

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