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Bloomberg After multiple turnaround plans and promises to restore growth, Deutsche Bank AG investors are no longer buying the talk. The German lender — already the worst-performing major bank stock in Europe this year — hovered near a record low on Wednesday after Chief Executive Officer Christian Sewing conceded that cuts to the investment bank are having a deeper impact ...

Bloomberg Barclays Plc’s Jes Staley has a stronger case to fend off the British lender’s activist shareholder as he delivers on a promise to grow its securities trading business. The unit saw fixed income, currency and commodities income substantially outperform US peers in the third quarter, rising almost 10 percent. Equity trading revenue surged by more than a third, the ...

Bloomberg The European Central Bank is starting to consider whether the financial crisis changed forever the way it controls interest rates. A decade of pumping cash into the financial system put so much downward pressure on market rates that all policy makers can do is set a floor — the minus 0.4 percent they impose for holding banks’ deposits overnight. ...

Bloomberg Sweden’s central bank said it may soon need to raise interest rates for the first time in seven years if the pace of growth in Scandinavia’s biggest economy continues to support inflation. The Riksbank stuck to its earlier guidance, which gave policy makers a window from December until February to deliver a 25 basis-point rate increase. The bank kept ...

Bloomberg The Bank of England is getting dragged deeper into politics. Governor Mark Carney is getting it from all sides. He’s frequently lambasted by pro-Brexit lawmakers for outlining his economic views on the nation’s departure from the European Union, and in the past month another set of lawmakers has lined him up to assess any deal reached by the UK ...

Bloomberg United Technologies Corp can’t seem to get its aerospace megadeal across the finish line. But that isn’t stopping the company from capitalising on a booming market. The manufacturer boosted its forecast for the year and topped Wall Street’s third-quarter profit estimates as demand surged for the latest in aviation know-how. Sales at the Pratt & Whitney jet-engine operation jumped ...

Bloomberg Once upon a time, shoppers at the great American malls bounced from Sears to Bon-Ton to Borders Books and Circuit City, stopping along the way at all the smaller stores in between. Now the anchor model, which relied on big-box retailers to drive traffic, is fading. Sears Holding Corp filed for Chapter 11 protection on October 15, saying it ...

Bloomberg Deutsche Lufthansa AG is trying to decide whether to take its first Boeing Co 787 Dreamliners, or to expand its fleet of Airbus SE’s marquee A350 wide-body jets as it updates its long-range aircraft, according to people familiar with the plans. Lufthansa has requested proposals from both Airbus and Boeing, and is looking to order about 20 jets in ...

Bloomberg Catering employees at United Continental Holdings Inc. have voted to join the Unite Here union, marking the last group of front-line employees at the carrier to seek labor representation. The vote was announced by the National Mediation Board, with 72 percent of those eligible to vote supporting the effort. Overall, Chicago-based United has about 2,900 catering employees who work ...

Bloomberg A referendum on the future of Mexico City’s partially built airport this week is shaping up to be president-elect Andres Manuel Lopez Obrador’s first standoff with investors who have taken a wait-and-see approach to the new government. The nationwide vote from October 25 to October 28 will ask people whether they want to push ahead with the $13 billion ...