Deutsche Bank's investors are not the only ones who want a swift settlement on the US Department of Justice fine, as German officials have today spoken out calling for a deal to be done.
These asset managers have reduced fees and waived commissions to attract more investors who want rock-bottom prices for funds that track the market.
Barclays has agreed to sell a portfolio of salary secured loans, worth around £260m, in Italy to IBL Banca.
France's President Francois Hollande has accused the US of double standards in throwing multi-billion euro fines at European banks while complaining about European Commission investigations into US companies.
Tim Sloan was elected Wells Fargo's new CEO late Wednesday after former CEO John Stumpf retired.
The embattled boss of Wells Fargo, John Stumpf has quit his post, effective immediately.
John Stumpf still needs to do more to make reparations, Sen. Elizabeth Warren tweeted on Wednesday.
Shares of Wells Fargo spiked 2 percent in after-hours trade Wednesday, following its announcement that Chairman and CEO John Stumpf will retire.
Wells Fargo’s chief executive and chairman, John Stumpf, is retiring effective immediately from both the bank and the board in the wake of the scandal over its sales practices.
Fighting back ?
Former Deutsche Bank CEO Josef Ackermann said he sees no legal basis for the company to force senior executives to return bonuses that have already been paid out, after a German newspaper reported it was weighing such a move.
Wells Fargo is suddenly under an even tighter vise as one of its chief regulators ripped up parts of a recent settlement over bogus accounts, potentially hamstringing new business moves that need government approval.
Donald Trump pulled off more than one Election Day miracle.