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Lam vows to stop ‘limitless and lawless’ Hong Kong violence

Bloomberg Hong Kong’s leader Carrie Lam said her government could handle growing violence without a military intervention by Beijing, but didn’t rule out seeking China’s help or invoking further emergency measures. “I still strongly feel that we should find the solution ourselves,” Lam told reporters on Tuesday, before a meeting of the city’s Executive Council. “That’s also the position of ...

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Deutsche Bank plans half of 18,000 job cuts in Germany

Bloomberg Deutsche Bank AG intends to make about half its planned 18,000 job cuts in Germany as it relies on savings at the retail units to lower costs, according to people familiar with the matter. The lender employed about 41,700 people in its home market at the end of last year, out of a total of 91,700. Outside Germany, London ...

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BMO Capital Markets builds investment bank

Bloomberg Bank of Montreal is gunning for the US investment-bank business that’s being surrendered by European firms like Deutsche Bank and Societe Generale. The Canadian lender expects to reach its goal of being a “Top 10” North American investment bank “dramatically” ahead of its five-year deadline, Dan Barclay, chief executive officer and group head of BMO Capital Markets, said in ...

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