Bloomberg Banco Bilbao Vizcaya Argentaria SA is preparing its second management reorganization in 14 months as Chairman Francisco Gonzalez streamlines Spain’s second-biggest lender and accelerates its push into digital banking. Units in Spain, Mexico, the U.S. and Turkey will report directly to Chief Executive Officer Carlos Torres under the new structure, with the remainder under the responsibility of a …

  Bloomberg Deutsche Bank AG investors have grown accustomed to John Cryan’s blunt talk since he took the helm a year ago. He’s chastised bankers for their pay and described his employer as an “endemic underperformer.” But some were still surprised on Wednesday when the chief executive officer said unjustified doubts over Deutsche Bank’s financial strength had spooked some clients …

  Beijing / AFP China and Russia will hold joint naval exercises in the South China Sea in September, Beijing’s defence ministry said Thursday, after an international tribunal invalidated the Asian giant’s extensive claims in the area. The drills will be carried out in the “relevant sea and air of the South China Sea”, defence ministry spokesman Yang Yujun told …