Bloomberg Oil traders once again believe it’s worth heading out to sea. The market structure for Brent crude, the benchmark for more than half the world’s oil, now makes it viable to store supplies in a ship to potentially lock in profits on a sale six months later, according to a Bloomberg survey of 6 traders and analysts. In ...

  Bloomberg Deutsche Bank AG Chief Executive Officer John Cryan signaled Germany’s largest lender may have to deepen cost cuts after second-quarter profit was almost wiped out by a slump in trading revenue and costs tied to job reductions. The shares declined. Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a larger loss than estimated in the ...

  AFP US bank JPMorgan Chase denied that it ever intended to buy troubled Italian rival BMPS, as people close to the alleged deal had reported. “This is not accurate and was never under consideration,” a JPMorgan spokesperson said. Sources who asked to remain anonymous had indicated that Jamie Dimon, chief executive of the largest US bank by assets, and ...