Bloomberg Deutsche Bank AG Chief Executive Officer (CEO) Christian Sewing vowed that the bank will execute one of the largest restructurings in its history without the need for extra shareholder funds as he seeks to build credibility with investors. The lender’s common equity Tier 1 ratio — a key metric of financial strength — will be above 13% throughout the ...

Bloomberg Morgan Stanley was fined 20 million euros ($22.1 million) by French regulators after the bank’s London desk was accused of using “pump and dump” tactics to manipulate sovereign bond prices. The enforcement committee of the Autorite des Marches Financiers (AMF) said the bank manipulated the prices of 14 French government bonds and 8 Belgian bonds in June 2015. The ...

Bloomberg Egypt’s inflation rate accelerated for the first time in five months, rising 3.6% in November as the effect of last year’s surge in prices faded but offering the central bank little reason to reverse a monetary easing cycle. The annual rate for urban inflation rose from 3.1% the month before, the state-run statistics bureau said. Consumer prices fell 0.3% ...