Bloomberg Bank of America Corp appointed Luigi Rizzo as head of investment banking in Europe, the Middle East and Africa as the bank gives some senior employees newly expanded responsibilities in that division. Rizzo will report locally in his newly created role to Bob Elfring, head of EMEA corporate and investment banking, according to the memo, which was obtained ...

  Bloomberg Deutsche Bank AG co-Chief Executive Officer Juergen Fitschen and four former bank officials were acquitted of charges that they lied to judges during a more than 14-year-old dispute with a German media mogul. The men were cleared after almost one year of trial at a Munich court Monday. The charges against defendants including former CEOs Josef Ackermann and ...

  Bloomberg China’s regulators are discussing a possible reduction in the amount of provisions that the country’s banks must set aside for their bad loans, the chairman of China Construction Bank Corp. said on Monday. A reduction in the bad loan coverage ratio to about 120 percent to 130 percent would be “reasonable” and “possible,” Wang Hongzhang told Bloomberg News ...