BLOOMBERG Deutsche Bank AG Chief Executive Officer John Cryan said Germany’s largest lender is abandoning plans for a new digital bank in the US, led by Henry Ritchotte, just months after it was announced. While the team under Ritchotte developed an “excellent blueprint” for the service in the US, Deutsche Bank decided that the project would “divert resources from …

  Bloomberg Zimbabwe’s central bank threatened to cancel the licenses of banks and foreign-currency dealers found to have violated new exchange-control regulations aimed at easing a dollar shortage. The Reserve Bank of Zimbabwe last week sent a directive changing the way banks and other authorized foreign-currency dealers are required to handle export earnings, adding measures aimed at encouraging companies to …

  AFP India’s central bank chief Raghuram Rajan joked on Tuesday that it would be ‘cruel’ to end intense speculation surrounding his future as he held interest rates in the world’s fastest-growing large economy. The Indian media is abuzz with predictions about whether the popular central banker, often dubbed ‘Rockstar Rajan’, will be given a second three-year term as governor …