Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
Ralph Lauren Corp., the retailer of its namesake brand clothing, will pay about $1.6 million to resolve U.S. regulatory and criminal claims that a subsidiary paid bribes to officials in Argentina from 2005 to 2009.
European Central Bank Governing Council member Erkki Liikanen said the ECB is looking at all options, including corporate bond purchases, to ensure its monetary policy is transmitted to the 17-nation euro economy, Talouselaemae magazine reported, citing an interview.
European Central Bank Governing Council member Erkki Liikanen signaled governments shouldn’t expect further ECB action to fight the debt turmoil, and said officials mustn’t wait too long to unwind crisis-fighting tools.
Cyprus aims to complete a plan today to meet the terms of a European bailout that may include tapping bank deposits, its finance minister said, as the Mediterranean island races to avert financial collapse.