Deutsche Bank AG’s co-Chief Executive Officer Anshu Jain has turned down a request by the German parliament to testify at a hearing about allegations of manipulation in the London interbank offered rate.
Insurers and reinsurers will only discover the final bill for Hurricane Sandy after business returns to normal in New York and flooding in the path of the biggest Atlantic storm in history is assessed.
Deutsche Bank AG will probably book an additional charge of as much as 400 million euros ($528 million) tied to the sale of Actavis Group hf to Watson Pharmaceuticals Inc., people familiar with the process said.
Deutsche Bank AG co-Chief Executive Officer Anshu Jain is cutting compensation to placate shareholders as Europe’s debt crisis slashes financial-industry jobs, leaving workers fewer opportunities to defect.
The Greek government and its creditors return to the negotiating table this week to revive stalled talks on a debt swap as German Chancellor Angela Merkel places pressure on both sides to forge a deal.