Edition:
United Kingdom

Matt Scuffham

Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls - sources

06 Sep 2019

LONDON/NEW YORK U.S. congressional investigators have identified possible failures in Deutsche Bank AG's money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. | Video

BNP Paribas plans bid for Deutsche Bank's equity derivatives

29 Aug 2019

NEW YORK French lender BNP Paribas plans to bid for Deutsche Bank's equity derivatives book and is hopeful it can beat off rival bidders to secure a deal in the next few weeks, according to sources familiar with the matter.

Exclusive: Deutsche Bank sets aside $1.1 billion to exit derivatives

02 Aug 2019

NEW YORK Deutsche Bank has set aside over 1 billion euros (£915.72 million or $1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.

EXCLUSIVE-Deutsche Bank faces $1.1 billion bill to exit derivatives

02 Aug 2019

NEW YORK, Aug 2 Deutsche Bank has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.

Thomson Reuters raises outlook, grows fastest since financial crisis

01 Aug 2019

LONDON/NEW YORK Thomson Reuters Corp raised its sales and earnings outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth in the second quarter, which it said was its best since 2008.

Exclusive: Deutsche Bank's problem derivatives cloud recovery - sources

24 Jul 2019

NEW YORK Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.

Morgan Stanley reports drop in profit, but wealth management gains

19 Jul 2019

Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts.

Big banks beat profit expectations but warning signs grow

16 Jul 2019

Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field is beginning to tilt against the financial industry. | Video

Goldman Sachs profit beats estimates, boosted by strong equities trading

16 Jul 2019

Goldman Sachs Group Inc reported a stronger-than-expected quarterly profit on Tuesday as the Wall Street investment bank benefited from increased stock trading.

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