U.S. consumer inflation outlook rises for 1st time in three months: NY Fed survey
U.S. consumers in June lifted their inflation expectations for the first time in three months, New York Fed data showed on Monday, reducing pressure on central bankers to cut rates significantly to support economic momentum.
Deutsche Bank careers curtailed with an envelope, a hug and a cab ride
Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement.
U.S. financier Jeffrey Epstein charged with sex trafficking
Federal prosecutors in New York on Monday charged American financier Jeffrey Epstein with sex trafficking of underage girls, more than a decade after he avoided similar charges in Florida in a plea deal.
Deutsche Bank CEO pledges to buy bank’s sliding shares in wake of restructuring
Deutsche Bank chief executive officer said on Monday that he plans to invest a “substantial amount” of his fixed salary in the lender.
Wall St. opens lower as Apple slips, hopes of sharp rate cut fade
U.S. stocks fell at the open on Monday as Apple Inc shares dropped and investors scaled back bets of an aggressive interest rate cut by the Federal Reserve later this month following a solid June jobs report.
Papa John’s hires McDonald’s veteran as head of restaurant operations
Papa John’s International Inc said on Monday it has appointed a McDonald’s Corp veteran to the newly created role of chief of restaurants operations, as the pizza chain remodels itself after the departure of its scandal-hit founder.
Supply-chain pain: South Korea chipmakers and their suppliers seek to bypass Tokyo curbs
South Korean chipmakers and Japanese chemical suppliers caught in the midst of a sudden escalation of a bilateral diplomatic dispute are scrambling to circumvent tightened export controls imposed by Tokyo, industry executives said.
Roche, Spark push back takeover deadline in $4.3 billion deal
Roche and Spark Therapeutics agreed to extend the deadline for the Swiss drugmaker’s $4.3 billion takeover bid for the U.S. gene therapy specialist, Roche said, adding it remains “fully committed” to a deal it sees closing this year.
Axe falls on 18,000 Deutsche Bank jobs in $8.3 billion reinvention
Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) “reinvention” which Germany’s largest lender said would mean yet another annual loss, knocking its shares.
Factbox: Deutsche Bank staff react to 18,000 global job cuts
Whole teams at Deutsche Bank were told on Monday their jobs had been axed as it began 18,000 job cuts globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.
