By Agency Reporter Wednesday, 9 Feb 2011 Chancellor of the Exchequer, George Osborne, increased a tax on United Kingdom bank balance sheets to raise an extra £800m ($1.3bn) as he continues to press lenders to boost lending targets and curb pay. The rise means the government will raise 2.5 billion pounds […]

By Agency Reporter Wednesday, 9 Feb 2011 Deutsche Bank AG, Germany’s biggest bank, may lose a ruling in the first case heard by the country’s top civil court over an interest-rate swap the lender sold to companies and local governments, a judge said. The bank may have violated its duties when […]

By Agency Reporter Wednesday, 9 Feb 2011 Citigroup Incorporated, the third-largest United States bank, settled or lost at least five claims in 2010 brought by borrowers who accused the bank of filing fraudulent mortgage documents provided by a Texas firm, Bloomberg said on Tuesday. In the most recent settlement in December, […]