Bloomberg HSBC Holdings Plc will pay $765 million to settle allegations that it sold defective residential mortgage-backed secur- ities, resolving one of the last remaining US investigations stemming from the mortgage melt- down a decade ago. The sum, announced by US Attorney Bob Troyer in Colorado, is substantially lower than the billions paid by other banks to resolve misconduct linked ...

Bloomberg As the money laundering scandal engulfing Danske Bank A/S threatens to taint other Nordic lenders, Nordea Bank Abp says it has spent years getting rid of suspicious customers in a move designed to dramatically reduce its exposure to such risks. Julie Galbo, chief risk officer at the Helsinki-based bank, said in a phone interview that she can’t rule out ...

Bloomberg The worst run of rupee losses in 16 years is set to extend. Only this time, the declines might not be triggered by oil but by the surprise move by India’s central bank to hold rates despite the currency’s free fall. The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding ...