WASHINGTON—A federal appeals court reversed the convictions of two former Deutsche Bank AG traders found guilty of rigging a global lending benchmark, overturning one of the US government’s highest-profile court victories linked to the 2008 financial crisis. The decision Thursday dealt a blow to the legacy of an investigation into which Washington poured resources after … Read more
A Credit Suisse group AG CS 1.68% fund accused SoftBank Group Corp. 9984 -0.59% in U.S. court records of orchestrating transactions that rendered worthless a $440 million investment the fund had made to finance a SoftBank-backed company. The filing, made Thursday in a US district court in California, asks a federal judge to allow the … Read more
BNP Paribas SA said Monday it has agreed to sell Bank of the West to Bank of Montreal for $16.3 billion in one of the largest recent banking deals. The cash deal would facilitate the Bank of Montreal’s expansion into the US, where it has been working to build its presence in recent years. Together, … Read more