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
Worries about a global downturn have knocked consumer confidence with retail sales losing momentum over recent weeks, according to the latest reports signalling a slowdown in the UK economy.
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.
A CNBC review of email search software found programs that monitor for conduct, which could be simply embarrassing or costly for a corporation.
Inter dealer brokers Tullet and Icap could avoid a lengthy probe into their merger, with the two firms proposing a sale of the latter's London-based oil trading desks.
Royal Bank of Scotland has cut 2,700 jobs - around a 5% of its UK workforce - in the past four months as the bailed-out bank attempts to cut costs in its attempts to return to the private sector.