Deutsche Bank posts surprise Q4 loss as scandals weigh
FRANKFURT (Reuters) – Deutsche Bank posted a surprise pre-tax loss of 1.15 billion euros for the fourth quarter due to heavy costs for litigation and restructuring, and warned that 2014 would be another year of further challenges and reform.
SFO granted extra funds to probe Rolls-Royce corruption case: FT
(Reuters) – The Serious Fraud Office has received additional funding from the UK Treasury in its probe of alleged bribery and corruption by defense group Rolls-Royce in China and Indonesia, the Financial Times reported, citing sources.
UK economic recovery boosts financial firms’ profits, jobs -survey
LONDON (Reuters) – Britain’s financial services industry is beginning to feel the benefits of economic recovery, as firms report growth in profits, business volumes and optimism in the fourth quarter, according to a survey.
Insight: Revenge of the Irish as mega-merger restores air finance crown
SHANNON (Reuters) – Twenty years after the spectacular collapse of Irish tycoon Tony Ryan’s plane leasing empire, the Emerald Isle has restored its grip on the world’s aircraft fleet with a mega-merger that could pave the way for a wave of multi-billio…
Analysis: After Target hack, Verifone smart card readers could shine
NEW YORK (Reuters) – A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer. In its wake, investors and analysts are circling companies that could benefit fro…
Consortium upgrading Panama Canal says won’t immediately halt work
PANAMA CITY/MADRID (Reuters) – A consortium of construction companies, led by Spain’s Sacyr , backed down on Sunday from a threat to immediately halt work expanding the Panama Canal in a dispute over cost overruns, but said it could still do so at a la…
Warburg Pincus buys stake in European ETF provider: report
NEW YORK (Reuters) – U.S. private equity firm Warburg Pincus has bought a majority stake in a European exchange traded fund provider, in a deal that will give the asset manager new funds to expand offerings and grow through acquisitions, the Financial …
Asia readies for China data; Deutsche surprises
SYDNEY (Reuters) – Asian markets were in a hesitant mood on Monday ahead of figures that are expected to show a slight slowdown in regional powerhouse China, while Deutsche Bank soured sentiment by reporting a surprise loss and falling revenues.
SFO granted extra funds to probe Rolls-Royce corruption case: FT
(Reuters) – The Serious Fraud Office has received additional funding from the UK Treasury in its probe of alleged bribery and corruption by defense group Rolls-Royce in China and Indonesia, the Financial Times reported, citing sources.
Deutsche Bank posts surprise Q4 loss as scandals weigh
FRANKFURT (Reuters) – Deutsche Bank posted a surprise pre-tax loss of 1.15 billion euros for the fourth quarter due to heavy costs for litigation and restructuring, and warned that 2014 would another year of further challenges and reform.
