Bloomberg Christian Sewing’s options for turning around Deutsche Bank AG are shrinking. After an eighth straight quarter of declining revenue, reaction from investors and analysts suggested that the cost cutting at the heart of the chief executive’s strategy won’t be enough to keep markets at bay. “I can hardly see a future for Deutsche Bank as long as there’s no …

Bloomberg The People’s Bank of China (PBOC) has set up a department to oversee and eliminate financial risks, as part of its restructuring of departments and personnel. The PBOC established the macro-prudential management bureau to draft rules, monitor and handle financial systemic risks, and to advise on currency issues including yuan convertibility, according to a statement published by the State …

Bloomberg Federal Reserve Chairman Jerome Powell met President Donald Trump at the White House for dinner to discuss the economy’s performance and outlook, but the central bank said its chief did not share his expectations for monetary policy. Powell’s comments were “consistent with his remarks at his press conference of last week,” the Fed said in a statement. “He did …