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Swiss bankers beware

Justice Scales

U.S. Senators Carl Levin and John McCain have urged the Justice Department to seek extradition of about 30 Swiss bankers and others who are charged with enabling offshore tax evasion and haven’t appeared in federal courts.

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50 Euro Note Cut

Deutsche Bank records investment banking loss

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...