Banking

Bloomberg Deutsche Bank AG’s sustained trading slump is increasing pressure on Chief Executive Officer John Cryan to prove he can win back investment-banking market share. Revenue at the securities unit slumped about 22 percent in the final quarter because of persistent low volatility in markets and muted client activity, the bank said in a statement. Analysts had expected trading revenue ...

Bloomberg While the Bank of Japan resolutely maintains its 2 percent inflation target, Credit Suisse Group AG says that’s an unrealistic goal. The Japanese economy is enjoying a cyclical recovery, benefiting from a pick up in global demand, but nothing suggests structural change, said Hiromichi Shirakawa, chief Japan economist at Credit Suisse and a former BOJ official. “It’s difficult for ...

Bloomberg India took another step towards cleaning up a banking system riddled with bad loans, with the government seeking parliamentary approval to issue about 800 billion rupees ($12.6 billion) of bonds to fund capital injections into state lenders. Prime Minister Narendra Modi’s administration expe-cts to sell the first of its recapitalisation bonds before the fiscal year ends March 31, as ...

Bloomberg Federal Reserve Bank of St. Louis President James Bullard said President Donald Trump’s $1.5 trillion tax overhaul may spur investment and US economic growth, though policy makers can “wait and see” if that warrants higher interest rates because inflation is low. “There is some possibility this could light a fire under investment and really drive growth higher,” Bullard, a ...

Bloomberg The European Central Bank is heading for a two-year leadership overhaul that peaks with the selection of a successor to President Mario Draghi, and it will be politics as much as ability that determines who get the jobs. Five of the ECB’s seven top posts will be vacated by the end of 2019, starting with Vice President Vitor Constancio ...

Bloomberg Janet Yellen’s Federal Reserve probably didn’t make much progress last month toward resolving the biggest topic of debate during her tenure leading the central bank: low inflation. Minutes of the US central bank’s December 12-13 policy-setting Federal Open Market Committee gathering will probably show the outlook for consumer prices continued to dominate the discus- sion when they are published ...

Bloomberg China’s smaller banks started the New Year with a double whammy from regulators and investors, and more pain may be looming. Bank of Tianjin Co. tumbled by as much as 12 percent in the first two trading days, the biggest two-day decline since its Hong Kong listing in March 2016, after rallying at the end of last year. Bank ...

Bloomberg China’s central bank will make modest increases in money-market rates in 2018 as it aims to keep up the pressure on deleveraging and prevent too much divergence with US policy, according to a Bloomberg survey. The People’s Bank of China is seen raising interest rates on reverse-repurchase agreements by five basis points three times this year, starting in the ...

Bloomberg After seven years of preparation, $2 billion in compliance costs and one false start, the biggest shake-up to European regulation in a decade is finally here. With so much at stake, investors are likely to sit on their hands for now. Trading volumes slumped ahead of the changes, according to two brokers with knowledge of the matter, with client ...

Bloomberg It may be the trickiest job to fill in central banking. And as the Federal Reserve Bank of New York search committee casts a wide net to find a replacement for its outgoing president, William Dudley, the wish list is getting long. Interviews with 10 members of the Fed’s advisory boards, which the committee is consulting, suggest they want ...