AFP Royal Bank of Scotland (RBS) on Wednesday said it had agreed a fine of $1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis. It comes a week after US authorities said they would seek $14 billion from Deutsche Bank over similar allegations. “The Royal Bank of ...

  Bloomberg Deutsche Bank AG rose in Frankfurt trading after the German lender agreed to sell its U.K. insurance business for 935 million euros ($1.2 billion) and Chief Executive Officer John Cryan ruled out a capital increase. Responding to investor concerns that the bank may be forced to raise capital to meet mounting legal costs, Cryan told Germany’s Bild newspaper ...

  AFP Germany’s second-largest lender Commerzbank could slash around a fifth of its staff in the coming years as part of a billion-euro restructuring programme, a German newspaper said. Chief executive Martin Zielke is to present his vision for the bank’s future up to 2020 — including some 9,000 job cuts — to fellow board members on Friday, according to ...