Bloomberg Lloyds Banking Group Plc mugged shareholders when it got them to agree to the “catastrophic” HBOS deal at the height of the global financial crisis, a lawyer representing thousands of investors suing the bank said on the first day of a London trial. Senior executives “pursued a dangerous and value-destroying strategy” to push the deal through, Richard Hill, the ...

Bloomberg Bitcoin soared to another milestone, as the digital currency breached $6,000 for the first time to put its gain in 2017 to more than 500 percent. As bitcoin continues climbing, Twitter users are speculating that the rise could be driven by everything from a cash shortage in Zimbabwe to an increase in margin trading. If one thing is for ...

Reuters Riyad Bank, Saudi Arabia’s fourth-largest bank by assets, reported a 47.7 percent rise in third-quarter net profit, beating analysts’ forecasts as income from investments and fees and commission rose. The bank, which had reported flat or lower profits in nine of the last ten quarters, made $288 million in the three months to September 30, up from 729 million ...