Barclays Plc, the U.K.’s second-largest bank by assets, said third-quarter pretax profit at its investment bank dropped 39%, trailing European peers, as fees for managing securities sales and trading stocks plummeted.
Bank of America Corp.’s Merrill Lynch was fined $6 million by the Financial Industry Regulatory Authority for allowing short-sellers to dump stocks without making sure they had first arranged to borrow the shares.
Foreign-exchange traders’ messages on Facebook Inc. are being sought by European Union antitrust regulators as they expand a probe into alleged collusion between banks beyond work e-mails and instant messages, two people with knowledge of the case said.
The pound rose versus the dollar, extending a gain from the end of last week, as a gauge of retail sales exceeded analysts’ forecasts and trading patterns suggested the U.K. currency was due to halt its downward trend.
Crude dropped below $90 for the first time in 17 months as oil and gas companies led European stocks lower. The dollar declined as the number of Americans filing for unemployment benefits unexpectedly fell.