Bloomberg Deutsche Bank AG faces stiff resistance from some supervisory board members to a merger with German competitor Commerzbank AG as the deal raises the prospect of tens of thousands of job cuts. Jan Duscheck and Stephan Szukalski, two key labour representatives on Deutsche Bank’s highest oversight body, oppose the merger, saying a combination would fail to achieve the goal …

Bloomberg Strategists are telling investors to prepare for both the best and the worst outcomes as risk assets around the world reach a crossroads. Global markets are facing a number of positive catalysts in 2019. The Federal Reserve’s in a wait-and-see mode, and the European Central Bank has begun upping its stimulus. Economies around the world are growing and the …

Bloomberg The bottom line is that the top line stinks. That’s the challenge facing South Africa’s biggest banks as they fight to contain costs that are accelerating faster than revenue. The reasons are pretty much the same: South Africa’s economy hasn’t expanded at more than 2 percent a year since 2013 and unemployment is at 27 percent. In addition, consumers …