Top Democrats say Trump’s attorney general pick must protect Russia

WASHINGTON (Reuters) – The top two Democrats in the U.S. Congress on Friday urged caution about President Donald Trump’s nominee to lead the Department of Justice, saying the nominee had sought to undercut the Special Counsel’s Office probe into Russia and must pledge to make any findings from the investigation public. Trump earlier on Friday […]Read More

Arrest of Huawei ‘heiress’ throws rare spotlight on family

HONG KONG (Reuters) – Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded. That was until her shock arrest in Canada at […]Read More

German prosecutors drop probe of ex-Morgan Stanley banker

STUTTGART Germany (Reuters) – German prosecutors dropped a two-year investigation into possible breach of trust by a former regional politician and an ex-Morgan Stanley (MS.N) banker over a state’s purchase of a stake worth 4.7 billion euros ($6 billion) in utility EnBW (EBKG.DE). “It was not possible to demonstrate culpable behavior by the suspects,” Stuttgart […]Read More

Trump picks former Attorney General Barr to return to head

WASHINGTON (Reuters) – President Donald Trump said on Friday he had chosen former U.S. Attorney General William Barr to once again lead the Justice Department, a role that would put him in charge of the federal probe into Russian election interference. If confirmed by the Senate, Barr would take over from Matthew Whitaker, who has […]Read More

Deutsche Bank reshuffles board to sharpen legal focus

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) reshuffled and expanded its management board by naming a Goldman Sachs banker as chief financial officer and creating a new board role to sharpen the bank’s focus on resolving a long list of lawsuits and investigations. The reshuffle will add two members to the seven-member board, with auditing head […]Read More

Monte Paschi eyes delay to aid repayments to plug funding

ROME/MILAN (Reuters) – Banca Monte dei Paschi di Siena may seek to delay repaying hundreds of millions of euros in state aid to help shore up its balance sheet as it explores strategic options which could include a merger, chairman Alessandro Profumo said on Tuesday. Profumo and Monte dei Paschi Chief Executive Fabrizio Viola met […]Read More

Top StanChart investor backs under-fire management

LONDON (Reuters) – Standard Chartered’s second-biggest shareholder has backed the Asia-focused bank’s under-fire management and said there is nothing fundamentally wrong with its business. “We believe that the current management of Standard Chartered, led by Sir John Peace and Peter Sands, should be given the opportunity to address the bank’s current issues and deal with […]Read More

Deutsche Bank to reshuffle board, name new CFO: reports

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) will reshuffle top management by naming Marcus Schenck, former finance chief at energy group E.ON (EONGn.DE) and Goldman Sachs banker, as chief financial officer and putting current CFO Stefan Krause in charge of operations and strategy, German media reported on Tuesday. Operations chief Henry Ritchotte will in turn move […]Read More