October 10, 2019

The lender is relying on savings at retail units to lower its annual costs. It employs 41,700 people in Germany, out of a total of 91,700. Deutsche Bank announced that it would be cutting 18,000 jobs in July, a key […]

October 10, 2019

Subsidiaries of Virtu Financial closed their previously announced incremental $525 million senior secured first lien term loan. The term loan bears interest at the same rate as its existing term loan, currently LIBOR plus 350 basis points, and will mature […]

October 9, 2019

The numbers: The number of job openings nationwide fell in August for the third straight month and hit a one-and-a-half-year low, coinciding with a decline in hiring that’s taken place against the backdrop of a slowing U.S. economy. Job openings […]

October 9, 2019

Last year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]

October 8, 2019

Robinhood is giving banking another shot. Ten months after the failed launch of a checking and savings account, the free stock-trading start-up announced a cash management account with a 2.05% interest rate. The APY is more than twenty times higher […]

October 8, 2019

The trade war between the U.S. and China could mean the loss of around $700 billion for the global economy by 2020, the new head of the International Monetary Fund said Tuesday. “Everyone loses in a trade war,” said Kristalina […]

October 7, 2019

The risk of a recession is rising, and the main threat to the economy is the Trump administration’s trade war, according to a survey released Monday by the National Association for Business Economics. “The rise in protectionism, pervasive trade policy […]

October 7, 2019

The FCA consulted the industry on measures to protect investors, who may seek to buy crypto-based futures, options, and contracts for difference and exchange-traded notes. In its response, the WFE emphasised its desire to help find the right balance between […]

October 4, 2019

A move by major brokerages this week to scrap trading fees could be a direct hit to Robinhood, the start-up that kicked off the trend six years ago. Charles Schwab, TD Ameritrade and E-Trade all announced this week that they […]

October 4, 2019

U.S. stocks rose at the start of trade Friday, reversing losses in premarket trade, after the Labor Department estimated that the American economy added 136,000 jobs in August, enough to let the unemployment rate to fall to a 50-year low […]