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Brazilian bank strike reaches 1 month

  AP Union leaders expressed confidence an agreement with Brazilian banks could be reached in the next few days to end a nationwide strike that has closed more than half the bank branches in Latin America’s biggest country. Roberto von der Osten, president of the National Confederation of Bank Workers, said the strike demanding a nearly 15 percent pay raise ...

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Pakistan to issue $1bn sukuk bond

  Reuters Pakistan will issue a $1 billion sukuk bond within hours, the finance ministry said, returning to the international U.S. dollar sukuk market after a two-year absence. The ministry said roadshows in Dubai, London, Boston and New York scored “unprecedented interest”. Pakistan’s economy grew 4.7 percent in the last fiscal year, its fastest pace since 2008, rebounding from a ...

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Deutsche Bank mismarked 37 deals like Paschi’s

  Bloomberg Deutsche Bank AG, indicted for colluding with Banca Monte dei Paschi di Siena SpA to conceal the Italian lender’s losses, mismarked the transaction and dozens of others on its own books, according to an audit commissioned by Germany’s regulator. Executives at Deutsche Bank arranged 103 similar deals with a total value of 10.5 billion euros ($11.8 billion) for ...

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