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Deutsche Bank’s DWS soars to record high on Allianz interest

Deutsche bank names new asia equities chief amid overhaul

Bloomberg Deutsche Bank AG’s DWS Group soared the most ever in Frankfurt trading on news that Allianz SE is exploring the possibility of combining it with its asset management arm to create a national champion in active money management. The Munich-based insurer is looking at the feasibility of a deal with Germany’s largest lender to create a business with 1.17 ...

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ECB: QE helped lending despite elusive inflation

Germany ecb eu eurozone bank money forex rates

Bloomberg The European Central Bank says its bond-buying program was $3 trillion well spent. It said the measure helped to ease financing conditions in the euro area and contributed to achieving its price-stability mandate — even as the point when the institution will meet its inflation goal edges farther into the future. Asset purchases of some 2.6 trillion euros ($3 ...

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After Danske, Denmark’s payment sector faces money laundering risk

Euro banknotes as currency declines to nine year low

Bloomberg As one avenue for money launderers is shut, another one may be opening. In Denmark, home to Danske Bank A/S, the authorities are now taking a closer look at companies that provide payment services. The worry is that the chain of processes behind each payment is becoming so complex that criminals might be able to hide their illicit transactions. ...

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