Bloomberg In many ways, China’s Lunar New Year holiday is America’s Thanksgiving, Christmas and Independence Day all rolled into one. Millions of Chinese take planes and trains to make the journey home (or abroad) to visit family and friends. Copious amounts of food are shared and gifts are exchanged as people ring in the first days of the moon’s new ...

Bloomberg Credit Agricole SA is seeking to sell about 6 billion euros ($7.5 billion) of Italian non-performing loans bought from other institutions a decade or more ago, according to people with knowledge of the matter. The French bank is trying to offload its holdings in four different bad-loan securitizations, along with the Luxembourg-based entity that issued them, said the people, ...

Bloomberg US Bancorp agreed to pay about $600 million to settle US allegations that it failed to guard against money laundering, under a deal announced in New York. Prosecutors said the Minneapolis-based bank failed to report suspicious activities of a longtime customer, Scott Tucker, who was using the bank to launder proceeds of a fraudulent payday lending scam. Tucker was ...