Deutsche Bank (DBKGn.DE) will sell Postbank (DPBGn.DE) but keep a pared back own-brand retail business in the overhaul plan currently favored by management, sources familiar with the internal discussions at Germany’s biggest lender said. Only two management board members support dumping all retail activities, with the other six favoring just selling Postbank, the sources told Reuters, speaking on condition of anonymity as the matter is not public. Seven years after
Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent’s 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to settle at $63.45 a barrel, having swung from $62.95 to $64.50 after hitting $64.95, its 2015 high, on Thursday. Brent’s second straight weekly gain, the fourth
Ukrainian authorities met with investors in Washington on Friday as part of an effort to secure agreement on extending maturities of bonds issued by state-run Ukreximbank. In a news release issued following …
Big may be beautiful, but Toyota Motor Corp’s global design chief is betting that edgy is the way to go for the Japanese automaker’s premium Lexus brand, specifically its signature ‘spindle grille’ design. Tokuo Fukuichi, who is also Lexus’ global chief, says the design shock-therapy gives the brand – and conservative Toyota more broadly – the stand-out face it previously lacked. While some industry rivals and design experts
Greece will need to tap all the remaining cash reserves across its public sector — a total of 2 billion euros ($2.16 billion) — to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Barring a last-ditch deal with its creditors, that is likely to leave no money to repay the International Monetary Fund almost 1 billion euros due in the first
Now, as the company prepares to expand the technology to most of its 2016 U.S. models, GM is lifting the curtain on its digital business strategy. GM is the first automaker to reveal its projections, but it is not alone in chasing digital profits. As in-car broadband usage grows, GM’s estimates could turn out to be conservative, some analysts say, since the potential for revenues from in-car broadband connections are
The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens’ inability to strike a deal with its lenders could upset Europe’s tentative recovery. In a communique after a two-day meeting, G20 finance ministers and central bankers welcomed brighter economic signs in rich nations, but lamented weakness in emerging markets. “Risks to the global economy are more
U.S. stocks retreated the most in three weeks as American Express Co. tumbled to its lowest level since 2013, data signaled stronger inflation and China tightened trading rules.
The first woman to serve as both governor and U.S. senator is backing a campaign to put a female face on the $20 bill. Sen. Jeanne Shaheen filed legislation this week that would create a citizens panel …
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