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Deutsche asset management to pay bulk of profit in dividends

Bloomberg Deutsche Bank AG’s investment unit said it plans to pay out most of its earnings to shareholders as it seeks to attract investors to a planned initial public offering next year. The asset manager will use its DWS German retail brand to sell its products globally and will be renamed to reflect that brand, the bank said on Tuesday. ...

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Weak global inflation assumption increases upside risk, says RBNZ

Bloomberg The Reserve Bank of New Zealand’s new assumption that global inflation will stay lower for longer means it is more exposed to the risk of prices picking up, Acting Governor Grant Spencer said. “More recently we have been assuming greater persistence in low global inflation and this is contributing to our current flat track for future OCR levels,” Spencer ...

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Wall Street banks eye $600mn payday on CVS takeover of Aetna

Bloomberg Wall Street banks including Barclays, Goldman Sachs and Bank of America could share in a fee bonanza of as much as $600 million, after pledging one of the biggest financing checks ever to help fund CVS’s $67.5 billion takeover of Aetna. The companies are set to shell out fees for M&A advisory, financing and also arranging a bond sale ...

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