So that’s clear then. UBS Group AG isn’t trying to build its investment bank just for the sake of “being an investment bank” — the message from Chief Executive Officer Ralph Hamers as he explained the Swiss firm’s poor second-quarter performance versus Wall Street peers. A more selective approach to investment banking may make sense. But investors need to ...

  The 27 national leaders of the European Union (EU) love to extol the solidarity that binds their countries together. Even the words signal destiny. “Union” comes via French from the Latin unus for “one,” and solidarity from solidus for “firm, whole and undivided.” Like a good marriage, the bloc is meant to be a solidarity union. In reality, it ...

Bloomberg Deutsche Lufthansa AG passengers in Frankfurt and Munich faced an almost complete shutdown of operations on Wednesday as a walkout by ground crew forced Europe’s largest airline group to cancel more than 1,000 flights at its two busiest German hubs. The airline axed the services at short notice, slamming unions for causing major damage by escalating a wage dispute ...