Bloomberg Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling back from business in Russia following the country’s invasion of Ukraine. “Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business ...

  Bloomberg European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said uncertainty about the length of the current oil shock and the economic impact of Russia’s invasion of Ukraine mandate a cautious approach to monetary and budgetary policies in Europe. The oil shock “is very strong in its intensity, we don’t know its duration yet,” the Bank ...

  Bloomberg Reserve Bank of Australia (RBA) No. 2 Guy Debelle is stepping down from his position in an unexpected move that sees the departure of a potential future governor from the central bank. Debelle, who sits on the RBA’s policy-setting board, will join Fortescue Future Industries, a clean energy arm of iron ore miner Fortescue Metals Group, as chief ...