Washington A Federal Reserve regional president called for the dismantlement of big banks whose failure could pose serious risk to the global financial system. Neel Kashkari, who took office as president of the Minneapolis Fed on January 1 and was a top Treasury official during the 2008 financial crisis, said in a speech that “bolder, transformational options” must be considered ...

Bloomberg Australia & New Zealand Banking Group Ltd. said bad debt charges will be higher than analysts expect in the first half amid a slowdown in Asia and increased market volatility, even after profit rose in the first quarter. The lender expects a first-half group credit charge a little above A$800 million ($568 million), compared to the current market consensus ...

BLOOMBERG Bankia SA is starting a process to reimburse retail investors for losses they suffered in a public offering of shares in Spain’s fourth-biggest bank in 2011, a year before it need a European bailout. Retail investors will recover 100 percent of their investment plus 1 percent annual interest, the Valencia, Spain- based bank said in a filing to regulators ...