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Client backlash key in collapse of Deutsche Bank’s merger deal

Bloomberg Fierce resistance from corporate clients dealt a key blow to Deutsche Bank AG’s deal talks with Commerzbank AG, according to people familiar with the matter. Many Deutsche Bank customers threatened to cut ties with Germany’s largest bank should the deal go through, said the people, asking not to be named because the details haven’t been publicly disclosed. That ultimately ...

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BOE expected to keep interest rate unchanged

Bloomberg The Bank of England (BOE) is widely expected to keep interest rates unchanged when it meets next week, although some analysts see the risk of a hawkish surprise. While all 24 economists surveyed by Bloomberg predict policy makers will maintain rates at 0.75 percent, six see one official voting for an immediate hike. Such a move would be a ...

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HSBC begins cost review as CEO John Flint rebukes top bankers

Bloomberg HSBC Holdings Plc has started a cost review that could lead to job cuts, as Chief Executive Officer John Flint rebuked top managers at a meeting in Hong Kong last month for missing revenue and cost targets, according to people familiar with the matter. About 400 executives attended the global conference where Flint called out leadership for “incompetence” and ...

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