The bank that once symbolized German economic prowess is effectively abandoning hope of playing in the same league as Wall Street banks, and struggling to remain relevant.
Tag: Banking and Financial Institutions
E.U. Nominates Two Women for Top Jobs as Bloc’s Unity Is Tested
The European Union made history, putting forward Ursula von der Leyen as Commission president and Christine Lagarde to lead the European Central Bank.
The Week in Business: Stocks Hit a Record High, and Facebook Wants to Replace Your Bank
Plus, tensions with Iran reach a boiling point and Trump’s meeting with China’s president.
U.K. Official Suspended for Forcing Out Climate Protester by the Neck
TV footage showed Mark Field, a senior foreign policy official, jump from his seat and grab a protester at an event Thursday night.
New 100- and 200-Euro Notes Are Safer, Sturdier and Vegan Friendly
The bills, which entered circulation on Tuesday, complete the European Central Bank’s overhaul of paper money to make it easier to handle and harder to forge.
Risk to Turkey’s Economy Deepens With New Istanbul Election
President Recep Tayyip Erdogan’s government is spending billions to prop up the currency amid new economic turmoil. The question is how long it can last.
New U.S. Sanctions on Venezuela Aim to Choke Off Government’s Finances
The Trump administration cut off the central bank’s access to United States currency and limited its ability to conduct international financial transactions.
China’s Economy Stabilizes After Beijing Opens the Bank Vaults
New figures suggest the Chinese slowdown is bottoming out. Credit goes to a wave of lending, but economists warn that debt-fueled growth can’t continue.
Turkey to Investigate JPMorgan Over Charges It ‘Caused Volatility’ in the Markets
With days until local elections, Turkey’s banking regulator accused JPMorgan Chase and other banks of issuing “misleading and manipulative” investment advice.
Hungary Rolls Out Red Carpet for Obscure Russian Bank, Stoking Spy Fears
As the United States tries to blunt Russian influence, Hungary’s far-right leader is increasingly building bridges to Moscow.