Bloomberg Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week. The usually buzzing escalators that criss-cross the four-story building in Sandton, South Africa’s business capital, were eerily silent. He was one of only 440 employees in an office block normally occupied by 10 times that number. Two …

Bloomberg Deutsche Bank AG asked its top managers to join executive committee in foregoing a month’s pay after the lender resumed a sweeping job cuts program to reduce expenses. “As our restructuring plans progress, the management board and the group management committee have decided to lead by example and give a broader group of senior managers the opportunity to be …

Bloomberg Oil fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China’s economic growth. Futures in New York slid 2% but notched a 13% increase for the week. Major producers continue to scale back production. US explorers laid down another 21 oil rigs, bringing the total to the lowest since 2009. Beijing abandoned its economic …