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Deutsche Bank slumps on worry over role in Danske laundering

Bloomberg Investors in Deutsche Bank AG have added the lender’s role in Danske Bank’s money laundering scandal to their growing list of worries. A management shakeup, weak earnings and political turmoil saw Deutsche Bank shares hit multiple lows this year. Now, concerns about its involvement in Europe’s biggest money-laundering scandal are weighing on the stock after the key whistle-blower pointed ...

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Big US banks set to get $5bn windfall

Bloomberg Big US banks that are already smashing profit records will soon get a $5 billion windfall, courtesy of the federal government. The Federal Deposit Insurance Corp announced that lenders will no longer have to pay quarterly surcharges that cover some of the costs of insuring their customers’ deposits. Megabanks such as JPMorgan Chase & Co and Bank of America ...

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Carney to keep Brexit commentary rolling

Bloomberg Mark Carney has at least four more opportunities before the end of the year to talk about Brexit, with his words potentially taking on greater weight as the split gets closer. The political process is grinding towards a parliamentary vote in coming weeks — date yet to be decided — on the divorce deal with the European Union, and ...

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