Deutsche Bank to cut investment arm

German lender will also overhaul governance

Week in Review

Week in Review, April 25

Credit Suisse faces scrutiny; Goldman discrimination case and Rolls-Royce also in the news

HSBC looks to leave troubles behind

Scandals, levies and regulations revive threat to leave London

Bond liquidity fears hit asset managers

State Street says cash is being hoarded because of stress tests

Third of investors refuse to back HSBC pay

Shareholders rebel in spite of bonus cuts to reflect bank fines

HSBC’s talk of moving HQ sounds familiar

Bank tends to get restive whenever it is unhappy with tax changes

HSBC threatens to move HQ from UK

Hong Kong regulator welcomes bank’s decision to launch review

HSBC: going nowhere

The priority is to ensure the lumbering bank is not too complex

Parties blame HSBC move on tax, EU fears

Tory and Labour politicians in war of words over bank HQ review

Hong Kong most likely choice for HSBC

Unclear whether regulator could cope with such a large bank

China banks balk at local debt-swap plan

Several provincial governments forced to postpone bond auctions

Deutsche banker in regulator’s sights

Entwistle bank’s on a unionist push; Carney races for charity

US sues Quicken Loans over mortgages

DoJ says fast-growing lender knowingly flouted rules

Google’s Schmidt takes stake in DE Shaw

Investor proves admiration for hedge fund manager by buying 20%

Google's Schmidt buys NY hedge fund stake

Investment vehicle acquires 20% stake in DE Shaw

Deutsche’s belated fine shows it may not pay to come too quietly

Germans respond with a yawn to bank’s fine

Annuity rates fall to record lows

Average standard annuity pension income is now at its lowest level

Hedge funds bet on rise in sterling

Trades contradict Goldman view hung parliament would hit UK assets

Deutsche Bank pays record fine over Libor

Germany’s biggest bank pays $2.5bn in US and UK settlement

Lawsky takes hard line on Deutsche Bank

New York regulator proves he is the scourge of Wall Street

US fears European sequel to Lehman

Policy makers worry eurozone too optimistic over potential Grexit

Spain refuses JPMorgan banker extradition

Martín-Artajo’s lawyers argue that his conduct occurred only in UK

Management fees: going down

Barclays: new chairman, old tricks

What worked for John McFarlane at Aviva can work for UK lender

Pension funds take lottery punt

Lottoland has issued securities to protect against risk of punters hitting jackpot

CME faces questions over missed red flags

‘Spoofing’ charges against trader turn focus on self-regulation

Crédit Agricole loses transaction case

Bank ordered to pay $9.8m for failing to question transfer

Shareholders vote in favour of Barclays’ pay

Private investors voice concerns over misconduct issues

Deutsche both helped and hurt by delay

Passage of time takes heat out of Libor manipulation scandal

America’s wobbly economic leadership

Closing the US Export-Import Bank would be a self-inflicted wound

Trader talk — a tale of Libor collusion

Transcripts of emails, instant messages and phone calls between traders inside and outside the bank

Lazard revenues ride dealmaking wave

Advisory fees for some transactions will land later in the year

Deutsche investment bank faces deep cuts

Management set to decide against total exit from retail operations

Taylor Wimpey bullish on housing market

Competitive mortgages and job security underpin confidence

Top priorities for Barclays’ new chairman

John McFarlane to outline plans in a letter to shareholders

BofA appeals $1.3bn ‘Hustle’ loan penalty

Bank claims it was not allowed to present key evidence

Funding Circle raises $150m in new round

Peer-to-peer lender backed by leading global investors

HSBC: Shrink and simplify

What does the future hold for Europe’s largest bank?

Hounslow not origin of havoc in New York

Blaming a solitary trader for the 2010 ‘flash crash’ is disingenuous

Life assurer Guardian loses CEO

Private equity owner Cinven eyes sale or listing of £2bn ‘zombie’ business


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