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Shanghai interbank rate lowest since May even as PBOC pulls cash

  Bloomberg Borrowing costs in Shanghai fell to the lowest level since May as funds returned to the banking system following increased demand for quarter-end regulatory needs. The decline comes even amid signs that the central bank is against maintaining excessive liquidity as it looks to limit volatility in money-market rates. Data released over the weekend showed factory-gate deflation eased ...

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Euro turmoil: Deutsche Bank chases wealth abroad

  Bloomberg Deutsche Bank AG is pushing ahead with plans to become one of the world’s top five wealth managers as the business outlook for European banks worsens because of the Brexit vote and Italy’s banking crisis. Market volatility after the UK’s vote to leave the European Union underscores the need for Germany’s largest bank to bolster its presence outside ...

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Sovereign investors’ M&A deals fall 26% by value

  Reuters Sovereign investors, including wealth funds, made $14.1 billion worth of acquisitions in the second quarter, down 26 percent from the first three months of the year but underpinned by a rebound in real estate deals. Data compiled by Thomson Reuters shows sovereign investors, a category that can include everything from state pension funds to oil-backed investment vehicles, were ...

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