HSBC Holdings is merging its capital financing unit with the banking business and moving some large corporate clients from its commercial bank into that unit.
Reuters reported Commerzbank has sued four banks in the U.S. claiming they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the lender before the 2008 financial crisis.
HSBC Holdings and JPMorgan Chase reportedly are in talks to relocate parts of their businesses to Luxembourg from the UK, the Times of London reported.
Bloomberg reported W.R. Grace is seeking $1.55 billion in loans to support its emergence from bankruptcy.