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BlackRock, Soros eye Deutsche Bank unit IPO

FRANKFURT / Reuters BlackRock, George Soros and big sovereign wealth funds are among investors expressing interest in buying stakes in the initial public offering of Deutsche Bank’s asset management arm, a person familiar with the matter said. The sovereign funds include Singapore’s Temasek, the person said. Deutsche Bank is finalising plans for the IPO of the asset management business, known ...

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Trade war biggest economic risk for Thai central bank

Bloomberg President Donald Trump’s trade policy has Thailand worried. Trade and geopolitics are the key risks for Southeast Asia’s second-largest economy, Bank of Thailand Senior Director Don Nakornthab said in an interview in Bangkok. Exports of goods and services account for about 70 percent of Thai gross domestic product. “Trade politics is the most important risk for our economy as ...

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Investment banking in crosshairs as Iceland explores limits

Bloomberg Few countries conjure up images of financial ruin like Iceland. Its economy was famously gutted in 2008 when its over-sized banks all collapsed within weeks of each other. A decade later, the island nation is still trying to crisis-proof its financial system. A key goal is to shield banking operations that are vital to the economy, such as deposit-taking, ...

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