U.S. judge will not certify Deutsche Bank mortgage class action
NEW YORK (Reuters) – A federal judge on Tuesday said investors seeking to hold Deutsche Bank AG liable for causing $3.1 billion of losses by failing to properly monitor 10 trusts backed by toxic residential mortgages cannot pursue their claims as a gr…
U.S. bank stocks fall as investor hope wanes for policy boosts
(Reuters) – Shares in U.S. banks tumbled on Tuesday as investors shrunk back from a post-election rally on worries that President Donald Trump would not be able to live up to his promises for large-scale relief on tax and regulation.
Wells Fargo banks on new ad campaign to regain customer trust
NEW YORK (Reuters) – Wells Fargo & Co will launch a new multi-channel ad campaign, its chief executive said on Tuesday, in a further sign of the bank’s efforts to regain trust after a sales scandal last year caused a sharp drop in account openings.
Markets fret as Trump agenda shows signs of cracks
NEW YORK (Reuters) – The steepest pullback in stocks since the U.S. presidential election reveals investor angst about President Donald Trump’s ability to push through major reforms, leaving stocks vulnerable to a long-anticipated correction.
Apple drives further into Facebook, Snap territory with video app
SAN FRANCISCO (Reuters) – With the release of a new video app called Clips, Apple Inc is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc’s Snapchat and Facebook I…
Amazon to expand counterfeit removal program in overture to sellers
LAS VEGAS (Reuters) – Amazon.com Inc is expanding a program to remove counterfeit goods from its website this spring as part of a broader push to assure brand owners that the online retailer is an ally rather than a threat.
French prosecutor opens Fiat Chrysler emissions investigation: source
PARIS (Reuters) – A French prosecutor has opened an investigation into Fiat Chrysler over allegations that the carmaker cheated in diesel emission tests, a judicial source said on Tuesday.
Wall Street should avoid cutting foreign bank ties: U.S. regulator
WASHINGTON/ST LOUIS (Reuters) – U.S. banks should not cut ties with foreign clients over money- laundering worries unless officials have concrete cause for concern, a leading U.S. regulator is telling staff and lenders.
U.S. top court weighs Microsoft’s appeal in Xbox class action
WASHINGTON (Reuters) – U.S. Supreme Court justices expressed support on Tuesday for Microsoft Corp’s bid to fend off class action claims by Xbox 360 owners who say the videogame console gouges discs because of a design defect.
New projects, shale boom could trigger oil oversupply by 2018-19: Goldman
(Reuters) – New production projects and a fresh shale boom could boost oil output by a million barrels per year and result in an oversupply in the next couple of years, according to Goldman Sachs.
