Bloomberg Citigroup Inc. posted third-quarter profit that beat analysts’ estimates as bond-trading revenue surged 35 percent from a year earlier, helped by interest-rate and currencies trading. The lender helped lead bank shares higher after reporting net income of $3.84 billion, or $1.24 a share, down 11 percent from a year earlier. That still beat the $1.15 average estimate for …

  Reuters Wells Fargo & Co reported its fourth straight fall in quarterly profit as it set aside funds for potential legal costs amid an increasingly politicized bogus-account scandal that cost Chief Executive and Chairman John Stumpf his job. The bank, which faces numerous federal and state investigations into its practices, said noninterest expenses rose due in part to higher …

  Bloomberg Deutsche Bank AG may be forced to shrink its US activities as part of a deal to settle litigation over residential mortgage-backed securities with the Department of Justice, German newspaper Welt am Sonntag reported, citing an unidentified person familiar with the discussions. Radical changes to the business model are typical requirements in settlement arrangements with the U.S. government, …