Investors are worried about the impact on earnings should the United States’ trade war with China and other major trading partners escalate.
Sabadell (SABE.MC) is close to selling two real estate loan portfolios with a gross value of 3.3 billion euros ($3.8 billion), a source with knowledge of the matter said, after it sold two portfolios to Cerberus.
The UK Serious Fraud Office (SFO) is seeking a retrial of three former Barclays (BARC.L) traders accused of plotting to rig global interest rates after a jury was unable to reach a verdict last week.
Deutsche Bank expects to report second-quarter pretax profit of about 700 million euros ($818 million) and net income of approximately 400 million euros, it said.
Europe needs larger, stronger and more diversified banks to better serve the economy, JPMorgan Chief Executive Jamie Dimon told Italian daily Il Sole 24 Ore, just days after the U.S. bank denied it wanted to buy a stake in Deutsche Bank.
China’s HNA Group said it has made co-founder Chen Feng its sole chairman after fellow chairman Wang Jian died this week, moving to calm concerns about leadership amidst the conglomerate’s efforts to slash its massive debt burden.
Shares in Germany’s troubled Deutsche Bank (DBKGn.DE) jumped by up to 6 percent on Friday following a magazine report that JPMorgan (JPM.N) and Industrial and Commercial Bank of China (ICBC) (601398.SS) may be interested in taking a stake.
More than a dozen employees at Lloyds will be spared criminal trial for their part in the alleged rigging of the Libor benchmark, after Britain’s SFO closed its investigation due to lack of evidence.
China’s HNA Group [HNAIRC.UL] said on Wednesday that Wang Jian, a chairman and co-founder, died during a business trip in France on July 3 after a serious injury caused by a fall.
Deutsche Bank shares rose more than 3 percent, a day after its U.S. subsidiary failed a second part of the U.S. Federal Reserve’s annual stress tests.