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Citi says Trump ‘brutal’ on trade policies but sees deals by midterms

Bloomberg After US moves on global trade policy that have shredded decades of trust, watch out for deals to be struck before the midterm elections in November, Citigroup Inc. said, flagging a potential rebound in commodity prices towards the year-end that’s aided by still-robust fundamentals. “US trade actions have been brutal and unilateral and have punctured the trust built up ...

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Deutsche Bank Q2 results top estimates

Bloomberg Deutsche Bank AG surprised investors with second-quarter earnings that were higher than analysts had expected, driving one of Europe’s worst-performing bank stocks up the most in more than a year. The Frankfurt-based bank sees net income of about 400 million euros ($468 million) and income before income taxes of about 700 million euros, “considerably” above estimates. The preliminary results ...

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BlackRock, Schroders are in race for Lloyds’ $144 billion mandate

Bloomberg BlackRock Inc. and Schroders Plc are the frontrunners to oversee about 109 billion pounds ($144 billion) for Lloyds Banking Group Plc, one of the biggest mandates of its kind, people with the knowledge of the process said. A decision by the London-based bank is expected in the third quarter, said the people who asked not to be identified because ...

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