Former Deutsche Bank AG salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients.
Anheuser-Busch InBev NV’s $5.8 billion purchase of Oriental Brewery Co. has vaulted Deutsche Bank AG to the top of South Korea’s merger league table, putting the firm on course for a record advisory year in the country.
Mt. Gox Co., the bitcoin exchange that collapsed in February, gave up on a plan to revive itself, dealing a setback to creditors seeking the recovery of hundreds of millions of dollars in the virtual currency.
Chinese investors demanding their money back from a troubled 973 million-yuan ($156 million) high- yield product in Shanxi province were confronted by police in front of a China Construction Bank Corp. branch.