Germany's second-largest bank, Commerzbank, is planning to cut between 4,000 and 6,000 jobs. The lay-offs are part of a larger trend of scaling back among German banks.
Japan has unveiled a massive spending plan to improve infrastructure in Asia. The plans came as China launches a new infrastructure lender aimed at curbing the financial clout of Tokyo and Washington in the region.
A bitter dispute over oil supplies continues to hold Nigerians hostage. Fuel shortages have grounded air traffic and are now threatening to cut off cell phone services and shut down the financial sector.
Deutsche Bank is mired in crisis and there is no improvement in sight. Shareholder confidence is gone. The lender needs to drastically change its course - and fast, says Henrik Böhme.
After years of scandals, ranging from money laundering to tax evasion, Vatican City looks on track to get its financial house in order. The Holy See-based bank has posted a sharp rise in profits.