Deutsche Bank’s investment bank chief Ritchie agrees to step down
Deutsche Bank’s investment banking chief Garth Ritchie is stepping down, the bank said on Friday.
U.S. job growth surges, but wage growth remains tepid
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.
Deutsche plans separate ‘corporate bank’ in multi-billion dollar revamp
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.
World stocks cling to gains, bonds hover before U.S. payrolls
World stocks lingered near their 17-month highs on Friday and bonds paused after this week’s rally ahead of U.S. jobs data, a gauge that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
Zipse to succeed Krueger as BMW boss: FAZ
BMW’s production chief Oliver Zipse is to become the next chief executive of the German carmaker after Harald Krueger’s announcement that he was stepping down, the Frankfurter Allgemeine newspaper reported on Friday, citing people within the company a…
First companies will debut on Shanghai’s STAR Market on July 22
The first batch of companies will start trading on the STAR Market on July 22, the Shanghai Stock Exchange said on Friday.
GM, Ford quarterly China sales slide again amid economy woes
General Motors Co and Ford Motor Co announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war.
Deutsche Bank plans separate ‘corporate bank’ unit as part of overhaul: sources
Deutsche Bank is planning to create a separate “corporate bank” unit that will seek to streamline services currently spread throughout the bank, two people familiar with the matter said on Friday.
Wells Fargo fined in Ireland over reporting breaches
Wells Fargo & Co’s Irish subsidiary was fined 5.9 million euros on Friday for a prolonged series of regulatory reporting breaches, the second largest fine ever handed down by Ireland’s Central Bank.
BMW seeks new CEO after Krueger announces 2020 retirement
BMW will seek to appoint a chief executive later this month after Harald Krueger said he did not want to extend his contract, pre-empting deliberations about whether to give him another five-year term at the helm.
