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Bipartisan immigration meet to be convened

  Bloomberg A bipartisan group of senators was expected to meet to discuss options for passing immigration legislation this year. “The idea is to get as many bipartisan bills we can find that have goals that will add up to 60,” Senator Dick Durbin (D-Ill.) said, referring to the Senate’s threshold for passing most legislation. Sens John Cornyn (R-Texas), Thom ...

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Deutsche Bank’s traders take Sewing closer to profit goal

  Bloomberg Deutsche Bank AG raised the outlook for its investment bank after fixed-income traders outperformed Wall Street peers for a seventh straight quarter, boosting Chief Executive Officer Christian Sewing in the final year of his turnaround plan. Revenue from buying and selling fixed-income securities rise 15% from a year earlier, beating the biggest US investment banks, where the business ...

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Credit Suisse sheds more executives after another quarterly loss

Bloomberg Credit Suisse Group reported a bigger-than-expected loss, parted ways with three senior executives and warned that the full damage from one of the most turbulent periods in its history is yet to be accounted for. The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by 703 million francs in ...

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