Bloomberg Investors assailed by trade-war worries and slowing growth have turned in recent weeks to defensive stocks, which are by nature less volatile. Utilities, boosted by falling yields, have done particularly well, and outperformed all sectors. Their relative haven status may be in for some wobbles though, especially as bond yields could be near a tipping point. Utilities have performed …

Bloomberg Deutsche Bank AG is considering exiting US equities trading and creating a “bad bank” to wind down legacy assets as part of a broader overhaul to be announced next month, according to a person familiar with the matter. The bank’s supervisory board discussed options on a call last week, the person said, asking not to be identified in disclosing …

Bloomberg Executive Board member Benoit Coeure said the European Central Bank will act if needed to support the economy and could even be facing such a decision within months. In a Financial Times interview, Coeure said most of the economic concerns relate to manufacturing, and may be temporary, but that signals coming from financial markets are “quite alarming.” The comments …