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.
In the Interview: The President of the European Investment Bank Werner Hoyer
Paul Flowers, the former head of Britain's Co-op Bank, has been charged with drug offenses. He resigned last year after a paper published footage of him allegedly buying drugs.
The World Bank says more investment in resources and infrastructure will help sub-Saharan Africa stay on a remarkable growth course. But, it warns, political uncertainties could destabilize those economies.
The laws of Tunisia were tailored to suit the Ben Ali family, which siphoned off profits from the economy. A World Bank study shows how the ruler and his family enriched themselves.
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