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Japan megabanks forecast fourth straight combined profit fall

Bloomberg Earnings reports by Japan’s three megabanks on Monday pointed to a fourth straight fall in combined annual profit, even as the impact of negative interest rates begins to ease. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc. forecast a 4.8 percent drop in combined net income to 2.13 trillion yen ($18.8 billion) ...

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SocGen faces criminal probe into Libyan allegations

Bloomberg The UK Serious Fraud Office has a ‘pending’ probe into a dispute between Societe Generale SA and the Libyan Investment Authority over bribery allegations, after the bank agreed to pay 963 million euros ($1.05 billion) to resolve a related civil trial this month. A lawyer for the LIA said at a London court hearing Monday that the SFO, which ...

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JPMorgan to buy $137mn Dublin office

Bloomberg JPMorgan Chase & Co. agreed to pay about 125 million euros ($137 million) for an office building under construction in Dublin, according to a person with knowledge of the plan. The person asked not to be identified because the price hasn’t been been announced publicly. The bank’s Irish unit is buying the 200 Capital Dock building from real estate ...

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