Bloomberg It’s shaping up to be a sad bonus season for Europe’s battered bankers. ING Groep NV said payouts will be “significantly smaller” after the largest Dutch lender paid record fines to end a money-laundering probe. Two of France’s top banks are also weighing lower rewards after their trading units were hit by a broader downturn. At Deutsche Bank AG, ...

Bloomberg A combination of the China trade war and government shutdown could be enough to tip the US economy into recession this year, according to Torsten Slok, Deutsche Bank’s chief international economist. The stark warning comes amid emerging signs that the world’s biggest economy is slowing down as gauges of manufacturing and consumer sentiment have fallen in recent weeks. Economists ...

Bloomberg Angola’s central bank, which revoked two lenders’ banking licenses this month, will shut down more institutions if they fail to meet minimum capital levels amid an asset-quality review, Governor Jose Lima de Massano said. Bad loans have crippled the banking sector of Africa’s second-biggest oil producer after a sharp drop in crude prices in mid-2014 triggered a three-year economic ...