Frankfurt / AFP Deutsche Bank has announced further results of the bond buyback scheme aimed at boosting confidence in its financial solidity, insisting that the low take-up was proof of investors’ trust in Germany’s biggest lender. Earlier this month, Deutsche Bank had announced plans to repurchase up to $2.0 billion of dollar-denominated securities, as well as 3.0 billion euros of ...

London / Bloomberg British bank Barclays on Tuesday said net losses more than doubled last year and announced plans to gradually reduce its majority stake in the group’s African unit. Barclays also said it would split the company overall into two units, Barclays UK and Barclays Corporate and International, as it undergoes major restructuring under new chief chief executive Jes ...

Kuala Lumpur / Bloomberg Giles Ong, Malayan Banking Bhd.’s head of Asia investment banking, is leaving after building the advisory business beyond the lender’s home market during his four-year tenure. Ong, 46, tendered his resignation last week, according to an e-mail he sent to colleagues that was obtained by Bloomberg News. In a telephone interview Tuesday, he confirmed the contents ...