The best news Deutsche Bank CEO John Cryan had for shareholders is that, if you take out the whole banking part, there’s a really good business there. Deutsche Bank’s asset-management business, which accounts for about one-tenth of the company’s revenue, was the only unit to report a return on equity of more than 2 percent for 2017. Across the firm, ...

Almost every report, news account and comment on the 148,000 rise in payroll hiring in December characterized the increase as weak, mediocre or somehow disappointing. None described it as strong or solid. As a result, fears of more interest rate hikes by the Federal Reserve receded. Yet all of these responses to that data were backward, and it has taken ...

Bloomberg US stocks remained down after recovering from steeper early losses, while European and Asian equities slumped. Treasuries and the dollar stabilised. Oil fell and copper rose. The S&P 500 Index and Dow Jones Industrial Average each fell more than 1 percent at the open on Monday, before a rally in utility and consumer shares pulled them back up somewhat. ...