Bloomberg JPMorgan Chase & Co. has told UK-based staff that more of them will return to office working starting next month as the country begins to wind down Covid-related restrictions. The American bank said in a memo that more workers would come to its London and Bournemouth sites from June 21. The offices will operate at a maximum of 50% …

Bloomberg Commerzbank AG posted a surprise profit in the first three months and upgraded its full-year revenue outlook, providing support to Chief Executive Officer Manfred Knof after he unveiled a new turnaround strategy to boost profitability. Revenue soared 35% in the first quarter after the bank joined peers in profiting from strong trading and investment banking conditions. That helped drive …

Bloomberg Deutsche Bank is rearranging how it sells fixed-income trading products as it seeks to lower costs without sacrificing revenue from the company’s biggest source of income. The new model will divide the coverage team into two groups, one focusing on flow and liquidity and another on client solutions. That’s in an effort to provide purely electronic or voice offerings …