Bloomberg Mark Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one. Just a few months before he steps down as Bank of England governor, Carney offered his vision for the international economy at a time of sweeping change. Trade wars …

Bloomberg Commerzbank AG is considering cutting an additional 2,000 jobs as part of its strategy update this fall, as Chief Executive Officer Martin Zielke contends with a weaker economy and the prospect of even lower interest rates. The bank would seek to achieve those cuts by 2022 or 2023, according to people with knowledge of the matter. Various other scenarios …

Bloomberg Royal Bank of Scotland Group Plc (RBS) and Banco Santander SA were ordered to appoint an independent auditor for their claim processes after issuing inaccurate information, or failing to send reminders altogether, about the insurance policies that turned into the costliest scandal in UK banking. The banks had previously been ordered to send yearly reminders, including how much customers …