Deutsche Bank faces up to long battle to restore reputation
FRANKFURT (Reuters) – The reputational risks surrounding Deutsche Bank have grown and it still has some way to go to win back public trust and prove it can overhaul its corporate culture, the bank’s two chief executives said on Wednesday.
Deutsche Bank says not discussing equity capital hike
FRANKFURT (Reuters) – Deutsche Bank has not discussed raising equity capital but will pursue plans to begin raising around 5 billion euros ($6.83 billion) in additional tier one regulatory capital this year, co-Chief Executive Anshu Jain told Reuters i…
Novartis keeps CEO pay steady, but incoming chairman pay drops
BASEL (Reuters) – Novartis kept pay for its Chief Executive Joe Jimenez steady, after cutting it last year before a Swiss vote to force companies to accept shareholder limits on executive rewards.
Deutsche keeps forex fixings under review
FRANKFURT (Reuters) – Deutsche Bank, the world’s biggest foreign exchange dealer, keeps its involvement in currency fixings processes under constant review, it said on Wednesday.
Japan PM Abe voices hope BOJ will sustain bold stimulus
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe expressed hope on Wednesday that the central bank will maintain its bold monetary stimulus to revive the economy and end deflation.
Daimler CEO succession talk reignites after top executive quits
FRANKFURT (Reuters) – Three Daimler executives are seen as contenders for the top job if CEO Dieter Zetsche’s contract is not extended in 2016, following the sudden departure of a senior executive who was a candidate for the role.
Wal-Mart to upgrade China vendor compliance after state TV criticism
HONG KONG (Reuters) – U.S. retailer Wal-Mart Stores Inc said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork.
Deutsche says confident on restructuring, future goals
FRANKFURT (Reuters) – Deutsche Bank will emerge from its painful restructuring plan well-positioned to lead consolidation in Europe after 2015, its two chief executives said on Wednesday.
Ford to recall Edge SUVs in China on possible fuel leak
SHANGHAI (Reuters) – Ford Motor Co will recall 13,493 imported Edge SUVs in China on a possible fuel system leak that could lead to a fire, China’s quality watchdog said.
Exclusive: U.S. banking regulator, fearing loan bubble, warns funds
(Reuters) – A U.S. bank regulator is warning about the dangers of banks and alternative asset managers working together to do risky deals and get around rules amid concerns about a possible bubble in junk-rated loans to companies.
