Tuesday , May 23 2017

Banking

Deutsche sees 2016 industry-wide trading revenue drop

The headquarters of Deutsche Bank are pictured in Frankfurt in this October 29, 2013 file picture. German banking regulator Bafin has demanded documents from Deutsche Bank as part of a probe into suspected manipulation of benchmark gold and silver prices by banks, the Financial Times reported, citing sources. Picture taken October 29, 2013.   REUTERS/Ralph Orlowski/Files (GERMANY - Tags: BUSINESS)

FRANKFURT / Bloomberg Deutsche Bank AG, which runs Europe’s biggest investment bank, said it expects the industry’s revenue to decline this year as clients consider pulling back from trading some fixed-income securities and refrain from doing deals. Securities firms will see debt trading revenue fall “slightly” from a year earlier ...

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Next stop on ECB QE stint: $980bn corporate debt

The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany, on March 10, 2016.
The European Central Bank cut all three of its key interest rates and beefed up its controversial asset purchase programme in a bid to kickstart chronically low inflation in the euro area. / AFP / DANIEL ROLAND

FRANKFURT / Bloomberg The next target for the European Central Bank’s (ECB) expanding asset-purchase programme will be the region’s 900 billion-euro ($980 billion) corporate-bond market. The ECB will buy investment-grade euro-denominated bonds issued by non-bank corporations established in the euro area. Corporate bonds are the latest assets to be added ...

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