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Deutsche Bank: 2015 targets 'highly achievable'

Deutsche Bank - Foyer Bridge

Deutsche Bank is confident it can reach its profitability targets for 2015 despite reporting a surprise loss of almost $1.56 billion in the fourth quarter of 2013, the bank's co-chief executive told CNBC.



Elephant Stefan Vasilev

Barclays fined £72m over 'elephant deal'

An “elephant deal” that Barclays executed three years ago has cost the bank £72m in penalties, after the City regulator concluded the bank ran the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people.


Lloyds set to cut more jobs

Up to 1,000 job losses are expected to be announced at Lloyds Banking Group in the latest attempt by the bailed-out bank to cut costs and bolster profitability.