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.
German lender Commerzbank is back in the black, logging a higher-than-expected net profit in 2013. The stricken lender, bailed out by the German state in 2009, has also reported progress in shedding toxic assets.
British media reports have said Royal Bank of Scotland will shortly announce a departure from many investment banking segments. They said the move would result in the loss of tens of thousands of jobs.
In an unusual move, the World Bank postponed a $90 million loan to Uganda over its anti-gay law. But the maternal health project for which the funding was intended is not at risk.
Across the EU, enough houses are lying empty to house all of the EU's homeless people, according to British media. Insiders criticize that houses are increasingly being used as investment objects, instead of as homes.
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