Danske Bank A/S, Denmark’s biggest lender, was told by the country’s financial watchdog it had underestimated risky assets as global regulators increase scrutiny of banks’ internal models.
West Texas Intermediate crude traded near the highest level in nine months after an industry report showed U.S. stockpiles dropped last week.
Judith Mayer Lynn, uninsured and battling breast cancer, should be a fan of the Affordable Care Act. Instead, she barely knows about it.
Dish Network Corp. won’t make a new offer for Sprint Nextel Corp. by the mobile-phone carrier’s deadline tonight, leaving SoftBank Corp. as the main contender to acquire the wireless company.
European car sales fell to a 20-year low in May as record joblessness caused by a recession in the euro area reduced demand at PSA Peugeot Citroen, Renault SA, Fiat SpA and General Motors Co.
Axa SA, Europe’s second-largest insurer, plans to invest 10 billion euros ($13.3 billion) in infrastructure debt over the next five years as low interest rates push European insurers to seek new investments.
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