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Deutsche fined $9.8 million for control lapses

  Bloomberg Germany’s finance watchdog fined Deutsche Bank AG $9.8 million over its handling of submissions for Euribor, a reference rate at heart of a scandal that rocked industry. The lender temporarily didn’t have effective systems, controls for contributions to benchmark, BaFin, said. While BaFin said Deutsche Bank has a right to appeal, the company said it accepts fine to ...

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Most annoying car features of 2021

  Bloomberg The 2021 Mercedes-Benz S-Class comes with enough infotainment to entertain the most tech-obsessed passengers. Its OLED touchscreens span the dashboard like a pixelated surfboard, its heads-up camera is displayed in big-screen augmented reality, its on-board wellness systems surpass the serenity levels of several local spas in Los Angeles — all factors in why it ranks as the best ...

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Mercedes swept up in China’s internet furor over model’s eyes

  Bloomberg Mercedes-Benz removed a video advertisement from a Chinese social media website, after the clip got swept up in a charged national debate over depictions of Asian-looking features by foreign companies. The video was posted on Mercedes-Benz’s official Weibo account and later removed due to public backlash, the Communist Party’s Global Times newspaper said. “The makeup of the female ...

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