Banks, biotechs lead US stocks lower

NEW YORK: Financial shares and biotechs were among the biggest losers on Tuesday as US stocks retreated ahead of the presidential inauguration of Donald Trump.Banking stocks, a winner since Trump’s election, stumbled badly, with Goldman…


US announces US$7.2b settlement with Deutsche Bank

WASHINGTON: US officials on Tuesday formally announced a US$7.2 billion settlement with the German lender Deutsche Bank, adding to a flurry of last-minute corporate resolutions by the outgoing administration of President Barack Obama.The announcement by…