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Deutsche Bank tech issue causes six-hour email outage in US

Bloomberg Deutsche Bank AG, which has been working to improve its technology, faced a systems outage in which email was unavailable for thousands of employees. “Earlier, we experienced an email outage that impacted DB employees in the Americas region. We have since resolved the issue and restored access for employees,” Deutsche Bank spokesman Troy Gravitt said in a statement. Trading ...

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Swiss Franc hits highest level against euro in two years

Bloomberg The Swiss franc advanced to its strongest level against the euro since 2017 after US President Donald Trump escalated trade tensions with China and fueled demand for haven currencies. The franc dipped below the crucial 1.10 threshold against shared currency, which analysts at Commerzbank think could prompt the Swiss National Bank to intervene and curb the currency’s appreciation. Investors ...

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French lenders nurse huge losses on loans to retail giant

Bloomberg Credit Agricole SA and Natixis SA are among French lenders nursing losses on loans made to Rallye SA and other parent companies of retailing giant Casino Guichard-Perrachon SA, which are creaking under more than 3 billion euros ($3.3 billion) of debt. Natixis made a provision for credit losses of 110 million euros in the second quarter because of its ...

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