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. ...

  New Delhi / AFP A massive leak of secret technical data on Scorpene-class submarines did not originate in India but in France, Delhi’s naval chief said on Saturday, pointing to initial probe findings. Some 22,400 pages of classified documents detailing the combat capabilities of the subs made by French defence contractor DCNS for the Indian navy were leaked to an ...

  Islamabad / AFP A Pakistani court trying former military ruler Pervez Musharraf over a deadly raid on Islamabad’s radical Red Mosque passed an order on Saturday confiscating his property, a lawyer said. Former president Musharraf, who left Pakistan for Dubai in March for what was described as urgent medical treatment, is facing a string of court cases connected to ...