Chancellor Angela Merkel’s clash with the European Commission over power-fee rebates to German industry is easing as support grows in her ruling coalition to follow European Union-favored guidelines for the aid.
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.
Deutsche Bank AG, Europe’s biggest investment bank by revenue, dropped in Frankfurt following a report that one of its co-chief executive officers will warn next week about a decline in the debt-trading business.
The European Central Bank will require the euro area’s biggest banks to hold a capital buffer of at least 8 percent as it takes charge of financial supervision in the currency bloc, three people familiar with the situation said.
Raiffeisen Bank International AG fell to the lowest level since March 2009 on concerns about growth in eastern Europe, complicating the lender’s plans to raise capital by selling new shares in the next 11 months.