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.
Projects funded by the World Bank have displaced more than three million people in the past decade, according to a group of investigative journalists. Activists say the bank needs to upgrade its human rights policies.
International Monetary Fund chief Christine Lagarde has rebuffed talk of Greece obtaining a delay on its debt payments to the Fund. Her remarks came at a meeting with the World Bank in Washington.
The head of the World Bank has welcomed the Chinese-led bank for investments in infrastructure as a way of fighting poverty. Germany formally joined the AIIB at the start of the month.
The new China-led financial institutions are set to provide funding for infrastructure projects in underdeveloped Asian countries. But how badly is regional development financing needed? DW speaks to WRI's Denise Leung.