The German lender announces the job losses as part of a restructuring plan that will ultimately cost $8.31 billion (7.4 billion euros) and see it undo years of work aimed at making its investment bank a major force on Wall Street.
Banking watchdogs are acting on complaints regarding a JP Morgan report on Friday that hurt reputation of Turkish banks and caused volatility in financial markets, Reuters reports.
Former US Secretary of State Henry Kissinger once dismissed Bangladesh as a "basket case." After a second look now, he may want to take his words back.
Kenya has set a small, but great, example of how governments on the African continent can empower women to realise the immense potential of agriculture on the continent.
Lenders can borrow foreign currency deposits from Turkey's Central Bank with a one-month maturity in addition to one-week maturity, the bank has announced.
The measures freeze assets of 19 more North Korean institutions, an attempt to put pressure on Pyongyang to halt its nuclear weapons and missile development.
The deal is one of a few recent ones that has seen Australian banks streamlining their operations. It will make the Swiss giant the Australia's largest retail life insurer by premiums.
Royal Bank of Scotland branch closures mean British banks to shutter more than 1000 branches in 2017, leading to major job losses.
Morgan Stanley, Deutsche Bank, Goldman Sachs and Citigroup - some of the biggest names in the banking world - are beefing up their presence in Frankfurt.
Deutsche Bank shares fall to an all-time low after a report indicates the German government will not bailout the lender amid record losses and a massive fine imposed by the US Department of Justice.
With an official survey indicating that factory activity is at a four-month-low, particularly affecting smaller firms, onlookers believe China's government may engage in further stimulus to help prop up the country's fragile economy.
New period at Central Bank of Turkey starts with rate cut, as newly appointed governor Murat Cetinkaya cuts overnight lending rate 50 basis points to 10 percent
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