Settlement would allow the banks to refocus management attention on their core, non-U.S. private banking operations
Revisions endorsed on the weekend by oversight body
Bigger than expected fine can be absorbed by the bank’s 2012 earnings, Fitch says
Banks would be required to create an intermediate holding company over their U.S. subsidiaries
Rating agency cites growing economic pressure on banks and insurers
New Canadian guidelines take effect Jan. 1, but other jurisdictions face delays implementing Basel III
U.S. banking giant looking to lower expenses
Exchange Bank of Canada aims to become the leading banker’s bank for foregin exchange products and services
Biggest banks to stick with dispute resolution service though fiscal 2013
Developed markets lead downgrades