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Deutsche Bank’s sustained trading slump ratchets up pressure on CEO

Bloomberg Deutsche Bank AG’s sustained trading slump is increasing pressure on Chief Executive Officer John Cryan to prove he can win back investment-banking market share. Revenue at the securities unit slumped about 22 percent in the final quarter because of persistent low volatility in markets and muted client activity, the bank said in a statement. Analysts had expected trading revenue ...

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BOJ’s 2 percent inflation target unrealistic, says Credit Suisse

Bloomberg While the Bank of Japan resolutely maintains its 2 percent inflation target, Credit Suisse Group AG says that’s an unrealistic goal. The Japanese economy is enjoying a cyclical recovery, benefiting from a pick up in global demand, but nothing suggests structural change, said Hiromichi Shirakawa, chief Japan economist at Credit Suisse and a former BOJ official. “It’s difficult for ...

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India to fix bank system with $12.6bn bond plan

Bloomberg India took another step towards cleaning up a banking system riddled with bad loans, with the government seeking parliamentary approval to issue about 800 billion rupees ($12.6 billion) of bonds to fund capital injections into state lenders. Prime Minister Narendra Modi’s administration expe-cts to sell the first of its recapitalisation bonds before the fiscal year ends March 31, as ...

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