MUMBAI - A unit of HSBC Holdings PLC sold stakes in two Indian banks for around $425 million, HSBC said. The U.K.-based bank sold a 4.73% stake in India's third-largest nongovernment bank, Axis Bank Ltd.
LONDON—A computer glitch that left millions of Royal Bank of Scotland Group PLC clients without access to their money underscores the challenge that banks face as they try to offer cutting-edge online services to attract customers while keeping costs ...
In Japan, brokers are dangling what they claim is a tasty product in front of wealthy investors: a "triple-decker" that uses options to squeeze higher returns from stocks, "junk" bonds or other assets.
PARIS—A rift over the future of Vivendi SA led to the departure of the company's chief executive on Thursday, as the sprawling telecommunications and entertainment giant seriously considers breaking itself apart in coming months.