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Deutsche Bank moving Russian IT staff to Berlin

  Bloomberg Deutsche Bank AG is moving hundreds of IT staff in Russia to Berlin as the lender braces for a potential closure of its technology center in the country, people familiar with the matter said. The bank has made offers to relocate to all of its about 1,500 employees at the Russian IT center in Moscow and St. Petersburg ...

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Ukraine raises key rate to 25%

  Bloomberg Ukraine’s central bank more than doubled its benchmark interest rate in a first such move in four months, reactivating policy tools to stem inflation and shield the currency battered by the Russian invasion. The central bank raised borrowing costs to 25% from 10% in its meeting on Thursday, the highest level since September 2015 — and the top ...

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Laurentian bank surges as commercial lending fuels turnaround

  Bloomberg Laurentian Bank of Canada advanced the most in more than a year after a surge in commercial lending helped fiscal second-quarter profit top analysts’ estimates and signaled that the firm’s turnaround is proceeding ahead of pace. The Montreal-based bank is up about 4% this year, the best performance in the eight-company S&P/TSX Commercial Banks Index. Laurentian’s shares top ...

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