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KfW, the German state-owned development bank, could be used to support the merged entity of Deutsche Bank and Commerzbank by taking on the government's stake in the latter. -
Deutsche Bank has signalled its commitment to maintaining a “strong capital markets business” after admitting it has begun formal merger talks with smaller rival Commerzbank.
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David Malpass, the US's candidate for the presidency of the World Bank, appeared last night on track to take over the leadership of the world’s largest multilateral lender.
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BofA names new pair to lead UK IB — UniCredit MTN banker joins SSA syndicate — Bank of America loses two traders in London — Allen & Overy names new structured finance partner
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The World Bank has unveiled the first details of how it will spend the first slice of its planned $200bn of investments to help poor countries cope with climate change, with $22.5bn aimed at helping African nations.
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Two London-based traders from Bank of America’s macro trading business have resigned, GlobalCapital understands.
