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Deutsche Bank records investment banking loss

50 Euro Note Cut

Deutsche Bank posted a net loss of 6.8 billion euros for 2015, in line with the figure announced last week in a profit warning, as writedowns, litigation charges and restructuring costs took their toll.. The bank had already warned last week that it would post a 2015 net loss of approximately 6.7 billion euros.. John Cryan, Co-Chief Executive Officer, said in a...

Citi shared client orders - former FX trader claims

London Canary Wharf

Citigroup executives encouraged foreign-exchange traders to use electronic chat rooms to share client orders with employees of rival banks, a practice that forced finance companies to pay $10bn in regulatory fines, according to evidence presented to a London employment tribunal.

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Deutsche Bank CEO says sector needs more mergers

Europe needs to see more banking mergers for the sector to be in position to become more profitable, Deutsche Bank Chief Executive John Cryan said on Wednesday, amid a report Germany's biggest lender had looked at No. 2 player Commerzbank.