Citigroup Inc., the third-biggest U.S. bank, hired David H. Tenney as a managing director and regional head of sales for the Americas at its prime brokerage unit, which provides services to hedge funds.
Punch Taverns Plc is considering selling its 50 percent share of drinks wholesaler Matthew Clark, which could raise as much as 60 million pounds, the Sunday Times said, without saying where it obtained the information.
Commerzbank AG jumped the most in more than two months in Frankfurt after Germany’s second-largest lender said it’s more than halfway to its goal of raising capital, and can do so without asking for state aid.
Julius Baer Group Ltd. and EFG International AG are among the Swiss private banks struggling to contain costs as a record-breaking currency, which gives the Alpine nation safe-haven appeal, erodes earnings.
Deutsche Bank AG is likely to risk the pitfalls of dual chiefs to keep investment-banking head Anshu Jain while allaying doubts in Germany about his ability to fulfill the political role of leading the nation’s biggest bank.