Commerzbank management pay cuts contrast with Deutsche Bank
Commerzbank’s chief executive was paid 32 percent less in 2018, contrasting with sharp rises for the top management at its potential merger partner Deutsche Bank.
Swedbank under investigation by New York Department of Financial Services: Swedish TV
Swedbank is under investigation by the New York Department of Financial Services (DFS) for giving misleading information during a probe related to the Mossack Fonseca tax evasion and money laundering scandal, Swedish public service broadcaster SVT repo…
Ford to leave Russian car market, cede control in joint venture
Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450 million to $500 million.
Wall Street treads water as global growth fears prevail
Wall Street’s main indexes treaded water on Wednesday as global growth fears lingered and the U.S. yield curve extended an inversion, prompting investors to stay on the sidelines.
Soybean exports help to shrink U.S. trade deficit in January
The U.S. trade deficit narrowed by the most in 10 months in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.
Size matters, Deutsche Bank’s chairman says amid merger talks
Deutsche Bank’s challenge may be that it is too small to reap the benefits of scale, the lender’s supervisory board chairman said on Wednesday, a week after the bank announced merger talks with rival Commerzbank.
Commerzbank cuts management pay in contrast with Deutsche Bank
Commerzbank’s chief executive’s pay fell by 32 percent in 2018, in sharp contrast to hefty rises for top management at its potential merger partner Deutsche Bank.
Exclusive: Told U.S. security at risk, Chinese firm seeks to sell Grindr dating app
Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with …
China’s ZTE Corp lost $1 billion in 2018, despite last quarter rebound
China’s ZTE Corp made a net profit of 276 million yuan in the fourth-quarter as it recovered from costly U.S. sanctions which dragged it to an overall 2018 loss of 7.0 billion yuan ($1 billion).
Nissan committee says facts point to legal violations by former chairman Ghosn
An external committee reviewing governance at Nissan Motor Co said on Wednesday there were enough facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.
