Finance
Morgan Stanley sees brighter outlook for sterling, UK midcaps
LONDON A bullish view on sterling spurred Morgan Stanley strategists to upgrade their view on UK midcap companies on Tuesday.
Wells Fargo names Allen Parker general counsel
Wells Fargo & Co named Allen Parker general counsel on Monday, at a time when the third-largest U.S. lender looks to restore its battered reputation following a scandal over phony accounts.
Deutsche Bank tests investor patience with $8.5 billion cash call
FRANKFURT Deutsche Bank's chief executive pledged on Monday to see through a strategic turnaround as he sought to persuade weary shareholders to sign an 8 billion euro ($8.5 billion) cheque to back his plans. | Video
Banks could earn $332 million from wave of financial services deals
LONDON A spate of big deals by financial services companies in Europe could earn investment banks an estimated $332 million in advisory fees, with Goldman Sachs set to take the lion's share of the pot.
U.S. top court rejects ex-UBS trader's challenge to Libor indictment
WASHINGTON The U.S. Supreme Court on Monday rejected a bid by a former trader with Swiss global financial services company UBS AG to dismiss a criminal indictment filed by U.S. prosecutors over his alleged role in Libor benchmark interest rate manipulation.
Deutsche Bank to raise 8 billion euros, plans major reorganization
FRANKFURT Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses.
Deutsche Bank names Schenck, Sewing co-deputy Chief Executives
FRANKFURT Germany's top lender Deutsche Bank is promoting two of its senior managers to deputy chief executives, complementing strategic adjustments and an 8 billion euro ($8.50 billion)capital raise.
Deutsche Bank board to discuss capital hike on Sunday: sources
FRANKFURT Deutsche Bank's supervisory board will meet on Sunday to discuss plans for a potential capital increase of around 8 billion euros ($8.5 billion), two sources familiar with the matter said on Saturday.
Deutsche Bank prepares $8.5 billion capital increase
FRANKFURT Deutsche Bank is preparing for a potential capital increase of about 8 billion euros ($8.5 billion) as it seeks to strengthen its balance sheet and free up funds for strategic investments after years of restructuring.
Investors still chasing inflation trade with $9.8 billion equity inflows: BAML
LONDON Investors continued to chase the inflation trade in the week that U.S. President Donald Trump reiterated his pledges on tax cuts and spending, and Fed officials hinted at a March rate hike, Bank of America Merrill Lynch (BAML) said on Friday.
