Deutsche Bank, among the world’s biggest traders of stocks, found itself on the losing side of the turmoil sparked by Volkswagen’s diesel-cheating scandal.
Credit Suisse has received inquiries from authorities investigating FIFA in Switzerland and the U.S. focusing on its relationship with people named in a May indictment, the bank said in its financial report for the third quarter Friday.
Standard Chartered is said to have held discussions with bankers on raising at least $4bn as British regulators toughen scrutiny on lenders with exposure to emerging markets in a second round of stress tests, people with knowledge of the plan said.
BNP Paribas, the French bank, became the latest big European bank to report profits fell at its investment bank, as it was boosted overall by retail.
Worldwide M&A activity hits $3.7 trillion, up 40% for biggest year-over year gain since '97-98
For investors, John Cryan’s plan to revive profit at Deutsche Bank looks too much like the strategy that contributed to his predecessor’s departure: thin on details. The shares fell the most in two months.
Another firm in the midst of an overhaul.
Even by investment bank standards, that was an expensive steak dinner.
About 6,000 external contractor positions will also be scrapped.