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.
Unexpected by analysts, Russia's central bank has again raised its main interest rate. The lender said it needed to shield the national economy from tightening sanctions over its protracted conflict with Ukraine.
The Federal Reserve Bank of New York has sharply criticized Deutsche Bank for "shoddy financial reporting." This assessment was first made public by the Wall Street Journal, which quoted a letter to the German lender.
Whenever a bank in Europe gets into serious trouble, the specter of systemic financial crisis raises its head again. Is the risk real or imagined?
Japanese companies are shifting their investments away from China and increasingly setting their sights on the ASEAN region as a result of growing tensions between the two Asian powers, analyst Rajiv Biswas tells DW.
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