HDFC Bank has penalized at least 12 senior and mid-level executives, including Ashish Parthasarthy, for their alleged role in the mis-selling of Credit Suisse AT1 bonds. This action follows previous sackings and suspensions, with the bank attributing the issue to technical documentation and regulatory interpretation lapses rather than fraud.
US stocks: Dow, S&P slip as investors eye Mideast talks, earnings
Major stock indexes closed lower on Thursday, pausing after a strong start to the week. Investors digested corporate earnings and looked for progress toward a