Bloomberg A day after the first doubts emerged about Deutsche Bank’s fresh turnaround plan, the European Central Bank (ECB) stepped in to allay at least some of them. The ECB said it will study options to mitigate the punitive effect of negative interest rates on euro area banks, pushing Deutsche Bank’s stock to the highest in almost three months. The ...

Bloomberg Nedbank Group Ltd is in talks with about 1,500 employees over potential job cuts at the South African lender’s retail and business-banking division to cope with a struggling economy and increased competition. The company forecasts that “between 50 and 100 employees are at risk of not being placed in a role,” Johannesburg-based Nedbank said in an emailed response to ...

Bloomberg China plans to start regulating large conglomerates that may pose systemic risks to the nation’s financial sector. Certain non-financial firms or individuals with businesses that straddle at least two financial industries will be classified as “financial holding companies” and will need licenses from the People’s Bank of China to operate, the regulator said in proposals. If adopted, the rules ...