In operation for more than 40 years, this outfit has grown to $106 billion in assets with investments in more than a dozen countries. Most of that is in China. Its returns probably wouldn’t have you celebrating — 12.8 percent last year on a return-on-equity basis, 4.6 percent if you’re looking at return on assets. But it has never posted ...

Ewald Nowotny, the governor of Austria’s central bank and a member of the Governing Council of the European Central Bank, said last week that “It’s no secret, we’re monitoring closely what the Fed did, and is doing.” Such sentiments are understandable, even desirable. After all, the Federal Reserve’s process of monetary policy normalization is unprecedented and, at least so far, ...

FRANKFURT / Reuters Christian Sewing must quickly come up with a coherent strategy for Deutsche Bank after the retail banking veteran was promoted to chief executive of Germany’s largest lender. Sewing, 47, was appointed after a crisis meeting to discuss how to end three years of losses. He replaces Briton John Cryan who failed to meet cost targets, and his ...