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Deutsche Bank doubles down on traders as cost target scrapped

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Bloomberg Deutsche Bank’s traders kept Chief Executive Officer Christian Sewing’s overhaul alive when negative interest rates eroded income from lending. Now the CEO is counting on them to carry him to the finish line. With Germany’s largest lender approaching the final stretch of his four-year plan, Sewing on Wednesday raised the revenue outlook on the back of another strong quarter ...

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Singapore central bank head takes on political issues

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Bloomberg In the last few weeks, the managing director of the Monetary Authority of Singapore has gained attention for his personal views on some politically charged topics, echoing a similar evolution among his central banking peers as they address the world beyond money supply. In a series of recent lectures as a visiting scholar at a local university’s think tank, ...

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Credit Suisse ‘inquiry’ rips scrutiny

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Bloomberg Credit Suisse Group AG failed to properly monitor tens of billions of dollars of exposure that piled up while handling trades for Archegos Capital Management that generated relatively little revenue, according to people briefed on the findings of the bank’s internal inquiry. The report into how the bank lost about $5.5 billion tied to the collapse of Bill Hwang’s ...

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