Citigroup Inc. has struggled to regain its footing since the financial crisis. The stock is still down more than 60 percent since the fall of Lehman Brothers Holdings Inc., the worst performance by far of the big US banks. But there’s one thing for which Citi and Michael Corbat, CEO for the past six years, have been praised: cost control. ...

Bond investors often say that “No one wants to be a forced seller.” And that makes perfect sense: If you need to sell during a rout, no matter the price, you’re going to take a big hit. But it should be equally as scary to be a forced buyer. Increasingly, that’s what happening in the US high-yield corporate bond market. ...

Bloomberg As Denmark comes to grips with its role in one of Europe’s worst dirty money sagas, its parliament is working overtime to stop the nation’s credit rating from being dragged down by the scandal. Danske Bank A/S has admitted that about $234 billion flowed through a tiny unit in Estonia between 2007 and 2015, and is treating a “large” ...