Bloomberg Credit Suisse group agreed to pay $600 million to settle a lawsuit over mortgage securities that collapsed in 2008 financial crisis, an accord that locks in an expected hit to its profit. The plaintiff, MBIA Insurance Corp., said late that it had reached an agreement, after a post-trial court decision that ordered the Swiss bank to pay about $604 ...

Bloomberg Mexico could have space for at least two more interest rate cuts in 2021 if inflation stays in line with expectations, central bank Deputy Governor Gerardo Esquivel told Bloomberg News. The bank, known as Banxico, cut for the 12th time since August 2019 this week, bringing the benchmark rate to 4%. The unanimous decision led economists to expect more ...

Bloomberg ING Groep NV posted fourth-quarter profit that topped analysts’ estimates and joined peers across Europe in signaling more payouts to shareholders once the European Central Bank removes restrictions. The Dutch lender reported net income for the final three months of last year of 727 million euros ($881 million), compared with estimates of 499 million euros. The bank set aside ...