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UK banks survive scandal with better future ahead

Bloomberg With the costliest UK banking scandal fading into memory, a Brexit deal looking more plausible than it once did and trading likely to surprise on the upside, British lenders are going into earnings season with the wind in their sails for once. That doesn’t mean the numbers won’t have ugly spots. Third-quarter results, which kick off this week, are ...

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US House passes bill on money-laundering

Bloomberg The US House passed legislation to strengthen anti-money-laundering rules, moving closer to a victory for Wall Street banks. The bill, HR 2513, which passed 249-173, would make it harder to use anonymous shell companies to break the law. A similar bill in the Senate has yet to get a committee hearing, which would be the next step before a ...

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‘India M&A set to surge as founders face cash crunch’

Bloomberg Deal volumes in India are set to surge as embattled founders sell businesses to tide over a cash squeeze, according to Axis Capital Ltd, the investment banking unit of one of India’s largest private-sector lenders. “As the funding situation erodes, founders are selling businesses to deleverage, or are raising equity to gain an edge over the competitors,” Chirag Negandhi, ...

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