Bloomberg Canadian Imperial Bank of Commerce (CIBC) agreed to pay Cerberus Capital Management LP $770 million to settle a lawsuit with origins in the 2008 financial crisis. The settlement amount is $85 million less than CIBC had set aside in a pretax provision in its fiscal first quarter to cover damages and prejudgment interest after a court ruled against ...

  Bloomberg Adani Group companies have seen more than $135 billion of equity market value wiped out since the explosive Hindenburg Research report, but none is hit as bad as Adani Total Gas Ltd. The stock has lost more than three quarters of its value since the short seller report was published on January 24. Yet, it is the second-most ...

  Bloomberg Global stocks trimmed gains and US equity-index futures dropped on concern the Federal Reserve will keep borrowing costs higher for longer. Optimism over China’s economic recovery that drove a rally in Asia fizzled in European hours. The Stoxx Europe 600 Index erased an advance, falling for a second day. The Shanghai Composite Index earlier climbed the most since ...