Bloomberg Citigroup Inc., the largest foreign lender in India by assets, plans to shut about 10 percent of its branches in the nation as more customers switch to the firm’s digital platforms to conduct their banking transactions, people familiar with the matter said. The lender, which has 44 branches nationwide, may close about five outlets to focus on larger ...

  Bloomberg Barclays Plc will reduce office space at its loss-making Japanese securities unit to trim expenses after cutting jobs earlier this year. The UK bank, which rents two floors of the Mori Tower in Tokyo’s Roppongi Hills office complex, will vacate about half of the 31st floor as early as this year while keeping its space on the 32nd, ...

  Bloomberg American Express Co. can prohibit merchants from steering customers to credit cards with lower transaction fees, a federal appeals court ruled in a blow to businesses trying to reduce annual card fees that run around $50 billion. The decision by the appeals court in Manhattan is the most definitive ruling on AmEx’s relationship with merchants. A federal judge ...