In the trans-Atlantic rivalry for banking supremacy, U.S. banks are preparing to pounce, with executives touting the gloom emanating from their European counterparts as a big opportunity to press their newfound advantage.
A month after reaching a $2.5 billion settlement over interest rate rigging, Deutsche Bank told regulators its disclosures may have been incomplete because it accidentally failed to archive electronic chats involving its employees.
SodaStream, a pioneer in make-it-at-home soda, is recasting itself as a “sparkling water’’ dispenser as Americans cut back on soft drinks. It also is rushing to remake itself before Keurig launches its cold-drink machine.
The Obama administration asked the Supreme Court to review last year’s insider-trading decision by a federal appeals court that overturned two convictions and set a higher standard for proving the financial crime.