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Deutsche Bank co-CEO, ex-officials cleared in Munich fraud case

  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 ...

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China mulls lower bad loan coverage ratio

  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 ...

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Whose bankers are best?, asks Gadfly

  BLOOMBERG Pity the poor investor trying to stack up one set of investment bank results against another. The big European banks begin reporting first quarter earnings this week. Trading will be weak. Transaction volumes are down. It ain’t going to be pretty. But trying to discern whose investment banking business is best—or worst—is an ugly task. First, whereas investment ...

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