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  • The fragile state of European banks will continue to weigh on market confident, experts say, even if Deutsche Bank manages to settle its DOJ case.

  • A man walks past Deutsche Bank offices in London.

    German politicians have accused the US of waging economic war against Germany over the future of Deutsche Bank, its biggest lender, The FT reports.

  • The German Chancellor risks a backlash at home and in Europe if she gives rescue funding to under-fire Deutsche Bank, German commentators warn.

  • NEW YORK, Sept 30- Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds. "While it is in the headlines, it is an overhang," said Art Hogan, chief market strategist at Wunderlich Securities in New...

  • The concerns around Deutsche Bank are about profitability not bankruptcy, says Axiom's David Benamou, whose firm is short the stock.

  • LONDON, Sept 30- Perella Weinberg's eight partners in Europe shared profits of 11.5 million pounds in 2015 as the boutique advisory firm rode a wave of mergers and acquisitions to more than double its revenue from the region. Perella Weinberg does not rank in the top 25 advisory firms in Europe so far this year, the latest data from Thomson Reuters shows.

  • Gregory Meeks, a Democrat from New York, questions John Stumpf, chief executive officer of Wells Fargo & Co., not pictured, during a House Financial Services Committee hearing in Washington, on Thursday, Sept. 29, 2016.

    Wells Fargo needs a new CEO because John Stumpf can't get the banking giant back on track, House Financial Services member Gregory Meeks tells CNBC.

  • ISTANBUL, Sept 30- Turkish investment bank Unlu& Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said on Friday. Turkish trade with Iran has since risen some 30 percent. Turkish Prime Minister Binali Yildirim said...

  • Sept 29- The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy. "With price-to-earnings multiples at historic highs, deals are more likely to happen when there is...

  • RBC Capital Markets, the investment banking arm of RBC has in recent years made a series of senior hires in Europe, in an attempt to beef up its mergers and acquisitions and equity capital markets franchise in the region, where it employs around 200 people in the division. Money raised from flotations, or initial public offerings in Europe, fell 49 percent to $21...

  • *Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • Sept 29- The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy. "With price-to-earnings multiples at historic highs, deals are more likely to happen when there is...

  • Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • John Stumpf, chairman and CEO of Wells Fargo, testifies about the unauthorized opening of accounts by Wells Fargo during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, September 20, 2016.

    Congress will hold Wells Fargo's John Stumpf accountable if laws were violated, House Financial Services Chairman Jeb Hensarling tells CNBC.

  • HONG KONG, Sept 28- Bank of America's head of South Korea investment banking Peter Kim is leaving the bank, IFR reported, citing people with knowledge of the matter, as part of the U.S. bank's move to cut some investment banking jobs in Asia. Ben Stewart, senior manager of debt capital markets and syndicate in Australia, and Niraan De Silva, head of Southeast Asia equity...

  • *Spot gold fell 0.1 percent to $1,325.81 an ounce by 0109 GMT. *A perceived win by Democrat Hillary Clinton in Monday's first presidential debate gave broader support to equities. *The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the...

  • SINGAPORE, Sept 27- The head of Goldman Sachs' investment banking division in Southeast Asia, Michael Smith, is set to leave the bank, two people familiar with the matter said on Tuesday. Based in Singapore, Smith is a partner at Goldman and also heads the bank's Asian real estate investment banking team. In 2015, Goldman reduced the number of its investment bankers...

  • Global Financials

    Banks are struggling in an environment of weak global growth and low interest rates that keep returns muted, says Ted Moynihan from Oliver Wyman.

  • SINGAPORE/ HONG KONG, Sept 26- Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, sources told Reuters, as a slowdown forces western banks to cut costs. Some bankers handling client coverage and deals will be made redundant, starting this week, with cuts expected in Hong Kong, Singapore and Japan, BofA's big...

  • Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia in response to a slowdown in activity in the region.