Bloomberg Deutsche Bank AG Chief Executive Officer John Cryan signaled Germany’s largest lender may have to deepen cost cuts after second-quarter profit was almost wiped out by a slump in trading revenue and costs tied to job reductions. The shares declined. Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a larger loss than estimated in the ...

  AFP US bank JPMorgan Chase denied that it ever intended to buy troubled Italian rival BMPS, as people close to the alleged deal had reported. “This is not accurate and was never under consideration,” a JPMorgan spokesperson said. Sources who asked to remain anonymous had indicated that Jamie Dimon, chief executive of the largest US bank by assets, and ...

  Bloomberg A cut to lenders’ reserve requirements would add too much liquidity to the financial system and lead to yuan depreciation expectations, China’s central bank said late Friday. Frequent reductions will also spur declines in borrowing costs, the People’s Bank of China said, adding that the relatively strong signal from a lowering of reserve-requirement ratios could fuel speculative currency ...