05/08/2019

UniCredit sells 17 percent stake in online broker FinecoBank

It said the sale was part of planned asset disposals designed to ensure the bank would meet a target of being at the upper end of a 200-250 basis points core capital buffer it wants to maintain over and above regulatory requirements.

05/07/2019

Morgan Stanley to shut down its Russian banking business

Morgan Stanley is planning to send a formal notice to the Russian central bank that it will close down its banking operations in the country in the first quarter of 2020, its Russian unit said in its annual report.

04/25/2019

Deutsche Bank & Commerzbank call off merger talks

Christian Sewing, Deutsche Bank's CEO, said in a memo to employees: "After thorough analysis, we have concluded that this transaction would not have created sufficient benefits to offset the additional execution risks, restructuring costs and ca