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European banks fall as prospect of billion-dollar fines loom

  Bloomberg Investors in Europe’s biggest banks, frustrated with the problems of today, just got a reminder that the lenders still have to pay for the sins of the past. Shares in Credit Suisse Group AG, Royal Bank of Scotland Group Plc, Barclays Plc and UBS Group AG fell after Deutsche Bank AG disclosed that the US Department of Justice ...

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Wells Fargo slammed in customer suit over account abuses

  Bloomberg Wells Fargo & Co. was sued by customers in what may be the first of many lawsuits to come after disclosures that employees created unauthorized accounts to boost the bank’s fees. Three Utah customers sued the bank in federal court, blaming the scandal on the lender’s push to increase the number of accounts held by clients to an ...

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Obama to review military strategy against IS extremists

  WASHINGTON / AP President Barack Obama will review military strategy against the IS group, press nations to admit more refugees and review progress around the world, despite new challenges, when he makes his final appearance at the UN General Assembly session in New York next week, the White House said. On the sidelines of the session, Obama has scheduled ...

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