The head of Deutsche Bank’s investment bank agreed to step down on Friday in a sign of the division’s waning influence as Germany’s largest lender prepares a multi-billion dollar restructuring aimed at reversing a decline in its fortunes.
The Nordic region’s six major banks announced the creation of a customer checking center on Friday, with the initiative expected to help their efforts to crack down on money launderers and recover from a scandal that has damaged the sector’s reputation.
Mexico’s attorney general’s office said on Friday that a judge has issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, and four more people in a graft case involving Brazilian builder Odebrecht.
A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the Federal Reserve later this month and weak economic data in Germany helped push global stock indices lower Friday after hitting record highs earlier this week.
U.S. stocks fell on Friday, retreating from record closing highs, after a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve this month.
Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to extend a supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
Ford and Volkswagen have reached an outline agreement to share electric and autonomous car technologies, extending their alliance beyond a cooperation on commercial vehicles, a source familiar with the matter said on Friday.
U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
Deutsche Bank said its investment bank head agreed to step down on Friday in a sign of the division’s waning influence as Germany’s largest lender readies a multi-billion dollar restructuring aimed at reversing a decline in its fortunes.
Wall Street’s main indexes were set to open lower on Friday after a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve this month.
U.S. job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.
U.S. job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.
Brent oil ticked higher on Friday, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend a supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
U.S. stock index futures added to losses slightly on Friday after data showed a stronger-than-expected job growth in June, but moderate wage gains could still encourage the Federal Reserve to cut interest rates this month.
Deutsche Bank plans to create a separate “corporate bank” to streamline services now spread across Germany’s biggest bank as part of wider multi-billion dollar restructuring, two people familiar with the matter said on Friday.
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