Bloomberg IDBI Bank Ltd., the state-backed Indian lender, picked arrangers including Citigroup Inc., Credit Suisse Group AG and Deutsche Bank AG to manage a share sale of about 60 billion rupees ($896 million), people with knowledge of the matter said. The Mumbai-based bank also chose HSBC Holdings Plc, JPMorgan Chase & Co., SBI Capital Markets Ltd. and IDBI Capital …

  Bloomberg National Bank of Canada seeks to generate at least 10 percent of profit from its international business by 2020, while looking to expand its stakes in Africa and Asia lenders into controlling positions, Chief Executive Officer Louis Vachon said. “We are looking to complement our Canadian growth — not substitute, but complement our Canadian growth — with a …

  Bloomberg Banco Bilbao Vizcaya Argentaria SA is reducing its corporate and investment banking staff in the U.S. by about 10 percent as Spain’s second-biggest bank streamlines its business to focus on core clients. About 35 employees will leave the bank’s CIB business at BBVA’s offices in New York, Houston and Dallas, a spokesperson for the Bilbao, Spain-based bank said …

  AFP US and European stock markets retreated, as banking shares led by Deutsche Bank slumped on news US authorities were hunting down Germany’s biggest lender over a record fine. Frankfurt’s DAX 30 was the hardest hit, closing down 1.5 percent, while the Paris CAC 40 shed nearly 1.0 percent from Thursday. London’s benchmark FTSE 100 index lost 0.3 percent, …

  Bloomberg Investors in Europe’s biggest banks, frustrated with the problems of today, just got a reminder that the lenders still have to pay for the sins of the past. Shares in Credit Suisse Group AG, Royal Bank of Scotland Group Plc, Barclays Plc and UBS Group AG fell after Deutsche Bank AG disclosed that the US Department of Justice …

  Bloomberg Wells Fargo & Co. was sued by customers in what may be the first of many lawsuits to come after disclosures that employees created unauthorized accounts to boost the bank’s fees. Three Utah customers sued the bank in federal court, blaming the scandal on the lender’s push to increase the number of accounts held by clients to an …

  WASHINGTON / AP President Barack Obama will review military strategy against the IS group, press nations to admit more refugees and review progress around the world, despite new challenges, when he makes his final appearance at the UN General Assembly session in New York next week, the White House said. On the sidelines of the session, Obama has scheduled …

United Nations / AFP A young Iraqi woman who survived rape and abuse as a sex slave of IS extremists became a UN goodwill ambassador for the dignity of survivors of human trafficking. Nadia Murad Basee Taha, a 23-year-old Yazidi woman, called for justice for the victims of the extremist group and argued that the 2014 attack on the Yazidis …

  Istanbul / AFP Turkish police have detained more than 20 IS suspects, including a Syrian man believed to be organising an attack in Istanbul, a local newspaper reported on Saturday. Police arrested the man, identified as Ali al-Aggal and codenamed Azzov, believed to be the IS group’s organiser of Turkey attacks, in an operation in the Turkish capital Ankara, Haber-Turk …

  Niamey / AFP Thirty-eight Boko Haram fighters have been killed during military search operations carried out by Niger and Chad troops in the Diffa region of southeast Niger this week, an official said. Two soldiers were lightly wounded in the action and “on the enemy side; 38 terrorists killed,” Niger defence ministry spokesman Moustapha Ledru said on state television. …