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Deutsche faces fresh ire a year after shakeup

  Bloomberg Deutsche Bank AG investors expressed their frustration with management at the company’s annual meeting a year ago. Weeks later, co-Chief Executive Officer Anshu Jain was gone. Now it’s Chairman Paul Achleitner and Jain’s replacement, John Cryan, who are set to feel the displeasure of shareholders when they gather in Frankfurt on Thursday. With revenue plunging and the need ...

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ICBC bank buys precious metals vault in London

  London / AFP China’s biggest bank ICBC has become the country’s first lender to buy a precious metals vault in Britain, cementing its role as a major player in the gold market. ICBC has bought the London vault, used to store also silver, platinum and palladium, from British bank Barclays, which is exiting the precious metals business as it looks ...

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US builders increase home construction in April

AP Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year. Housing starts climbed 6.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said. The increase makes up for much of March’s 9.4 percent drop in starts, a decline ...

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