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BERLIN— Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.
Gold held above $1,300 an ounce as heightened tensions with Russia, and violence in the Middle East, boosted its safe-haven appeal.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
European shares closed higher on Wednesday amid corporate earnings news and ongoing turmoil in Gaza and Ukraine.
The U.S. unit of German lender Deutsche Bank suffers from ongoing financial reporting problems which it has been aware of for years but not fixed, according to a report in the Wall Street Journal.
The U.S. unit of German lender Deutsche Bank suffers from ongoing financial reporting problems, according to a report in the Wall Street Journal.
The Federal Reserve Bank of New York has criticized Deutsche Bank of several reporting issues. CNBC's Mary Thompson reports the details.
Britain's anti-fraud agency said it has launched a criminal investigation into alleged rigging of the currency market.
Swiss bank UBS saw 15.4 percent growth in its wealth management business for 2013, firmly securing its position as world leader in the sector.
Many trash pickers in China are elderly people, unable to support themselves on meager government pensions. Global Post reports.
As World Cup fever spread, the usually sober investment banks-turned-pundits offered their predictions. Here's how they did.
Alibaba is racing to complete its landmark initial public offering within the next month, according to several people familiar with its plans.
While you might not know their names now, you will. They are five hedge fund stars of the future as identified by Institutional Investor.
Markets have frustrated expectations for rising bond yields, but some bond managers are still antsy and are looking to protect their portfolios.
BNP pleaded guilty to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which it admitted to breaking embargoes.
Emerging market bonds have been hot this year, erasing price falls following last year's "taper tantrum," but some say the rally may be getting old.
European shares ended the day lower, dragged down by banking stocks amid reports that more lenders had begun settlement talks with U.S. authorities.
Some of the names on the move ahead of the open.
Shadow banking gets tagged as a China risk, but it may be rising globally as low interest rates spur yield chasing and tougher rules constrain banks.
Deutsche Bank says the pattern of ETF flows can offer insight into future behavior.