The German government will nominate Claudia Buch as vice president of the Bundesbank, succeeding Sabine Lautenschlaeger as the only woman on the central bank’s board, said two people familiar with the coalition’s decision.
Volkswagen AG’s Swedish truck unit Scania AB will face a demand for an auditor to look into whether ownership by the German carmaker and its MAN SE division poses a conflict of interest, a minority-shareholders group said.
Germany’s two-year note yield climbed from near the lowest in almost three months as data showed factory output in the euro area increased more than initially reported in January, damping demand for the safest assets.
European Central Bank President Mario Draghi sees no need for further cuts to the institution’s benchmark rate amid “encouraging signs” that the euro crisis may be resolved, Der Spiegel reported, citing an interview.
Deutsche Bank AG, Europe’s biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest- rate rigging scandal, according to a person with knowledge of the matter.