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JPMorgan, Citi face fines over currency collusion

Bloomberg Banks including JPMorgan Chase & Co. and Citigroup Inc. are set to be fined imminently by the European Union over collusion on foreign-exchange trading, according to two people with knowledge of the probe. The European Commission may announce fines as soon as this week as part of a settlement that sees the lenders get reduced penalties for agreeing not ...

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SocGen trading slump endures as CEO assures on capital level

File photo: the logo of the french bank societe generale is seen in front of the bank's headquarters building at la defense business and financial district in courbevoie near paris

Bloomberg Societe Generale SA failed to halt the slide in its investment bank in a quarter where the key equities business and stronger capital levels were bright spots for Chief Executive Officer Frederic Oudea. Profit at the unit that houses the trading operations declined 16 percent in what’s usually its strongest period. While earnings were dragged down by fixed-income trading, ...

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Boeing vows ‘transparency’ to 737 Max buyers in new move

Boeing 737 max 8 crisis in usa

Bloomberg Boeing Co met with 737 Max operators and lessors in Amsterdam, the first of about six sessions planned around the world as the planemaker lays the groundwork for resuming commercial flights of the aircraft following two deadly crashes. Executives are using the sessions to discuss how to maintain the jetliners, which were grounded days after a March 10 disaster, ...

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