Bloomberg M.M. Warburg & Co, a private bank under investigation in Germany over a series of controversial tax deals, has opened a new legal front by suing Deutsche Bank AG to pick up the bill. Warburg filed a suit in Frankfurt in December to force Deutsche Bank to pay a 46 million-euro ($53 million) tax bill the company received over ...

Bloomberg Andrea Orcel, the former top dealmaker at UBS Group AG, will have to wait until April to take on his new role as chief executive officer at Banco Santander SA after the Swiss bank decided to enforce his entire six-month garden leave, people familiar with the matter said. Orcel was expected to make the move early in the first ...

Bloomberg The possible replacement of the governors of three key African central banks this year could yield an unexpected surprise: policy stability. Time is running out on the first terms of Nigeria’s Godwin Emefiele, Kenya’s Patrick Njoroge and South Africa’s Lesetja Kganyago. While all three are eligible to serve another term at the helms of their central banks, this isn’t ...