Dubai / Emirates Business Dubai Cares has officially launched the 2016 edition of Volunteer Globally — one of the main pillars of its local outreach activities — with a school-building mission in Senegal. The organization’s renowned initiative, which takes UAE residents to disadvantaged areas around the world, will travel to Africa to support the local community in constructing a …

  Bloomberg Federal Reserve officials cleared dozens of US banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again, for subsidiaries of Deutsche Bank AG and Banco Santander SA. JPMorgan Chase & Co, Citigroup Inc, Bank of America Corp and 27 other firms with major US operations passed the exam on Wednesday, with many unveiling …

  Bloomberg Deutsche Bank AG, which runs Europe’s biggest investment bank, may be the biggest contributor to systemic risk among the largest lenders, according to the International Monetary Fund. Deutsche Bank “appears to be the most important net contributor to systemic risks” among global systemically important banks, or G-SIBs, the Washington-based IMF said. HSBC Holdings Plc and Credit Suisse Group …