Bloomberg Relief that Deutsche Bank AG and Credit Suisse Group AG cleared legal hurdles is likely to soon give way to concern over a bigger problem: European lenders are still struggling to make money. While the combined $12.5 billion in settlements the two agreed to pay to resolve US investigations into sales of toxic debt put one dispute behind ...

  Reuters Commerzbank has told customers in the Gulf it will no longer process their transactions in euros, four Gulf banking sources say, joining other big banks that cut such services after being fined for dealings with Iran. Major US and European peers have been tightening risk controls in the region after US regulators imposed billions of dollars of penalties ...

  Tehran / AFP Iran’s currency plumbed new lows against the dollar on Sunday, continuing a six-month decline that has seen the rial lose some 19 percent of its value despite the lifting of sanctions. The rial was trading at 41,300 to the dollar, down from 34,600 in June — widening the gap with the official government rate which remains ...