Leon Black, who made billions by buying up debt of companies in the U.S. and Europe that others deemed worthless, is turning to emerging markets as the next source of growth for his $161 billion money management firm.
Deutsche Bank AG is weighing whether to refrain from working on China General Nuclear Power Group’s initial public offering amid a probe into hiring practices in Asia, three people with knowledge of the matter said.
Alfred Brittain III, the former chairman and chief executive officer of Bankers Trust New York Corp. who raised profits by exiting retail banking to focus on lending to companies and other banks, has died. He was 88.
Allan W. Rogers, who headed U.S. Treasury trading at Bankers Trust Corp. from 1977 to 1989, a period when the 10-year note’s yield went from 8 percent to almost 16 percent and back, retired from CRT Capital Group LLC.
Raymond Saxe, a former senior vice president of global risk technology at HSBC Holdings Plc whose 23-year Wall Street career in project management included work as a director at Deutsche Bank AG, has died. He was 50.
It’s good to be the chief executive officer of a company that’s about to ship 500 million diapers in a single year. For one thing, you get to drive a golf cart as fast as you want in your new 1,250,000-square-foot warehouse.