Bloomberg Deutsche Bank AG sold another chunk of unwanted assets to Goldman Sachs Group Inc as part of a radical restructuring that’s seeing the German firm exit businesses where it’s been unable to compete. The nation’s largest lender recently sold securities with a notional value of about 40 billion pounds ($51 billion) to the US bank, people briefed on the ...

Bloomberg Citigroup Inc was fined 44 million pounds ($57 million) by the Bank of England (BOE) for years of inaccurate reporting to regulators about the lender’s capital and liquidity levels. Applying its largest fine ever, the central bank’s Prudential Regulation Authority (PRA) said that between June 2014 and December 2018, three UK units of the Wall Street bank had significant ...

Bloomberg Goldman Sachs Group Inc reckons Germany should embrace “a large fiscal expansion” but probably won’t; China should deploy just enough to avert “a sharp slowdown”; and “potential meaningful implications” for budget policy are another reason to watch the US presidential election. In its ‘Top of Mind’ report, Goldman explores the fiscal front given monetary policy is nearly exhausted in ...