Bloomberg Germany’s oldest lender is lender trying some new ideas. Hamburg-based Joh Berenberg Gossler & Company KG will abandon its dual-leadership structure in German wealth management, the unit’s new sole head Dirk Wehmhoener told Bloomberg in an interview. In order to increase assets under management, he intends to interlink wealth management more closely with investment banking. Acquisitions, however, are not ...

Bloomberg Indian lenders are being punished for their exposure to a shadow lender as the government fails to make good on its promise to halt defaults by the distressed financier. IndusInd Bank Ltd has lost more than $1.9 billion of market value since it announced quarterly earnings as net income growth missed expectations and provisions for doubtful loans shot up. ...

Bloomberg A Boeing Co. 737 Max jet, operated by Indonesia’s Lion Air, crashed in the Java Sea with 189 people on board, making it the model’s first accident and potentially the worst commercial aviation disaster in three years. Flight JT610, an almost brand new 737 Max 8, took off from the capital Jakarta at 6:20 am local time on Monday ...