April 18 Headlines
Deutsche Bank plans cap on pay of co-chiefs
EU steps up single telecoms market plan
BofA struggles to recover from bad loans
Fears over weak earnings hit Apple
Commerzbank nears 4-billion-pound Eurohypo UK deal
ING files for $1.4 billion flotation of U.S. arms
IMF warns on risks of excessive easing
France relaxes deficit targets
Tesco profits plunge on 2.4-billion-pound writedown
SFO demands law firm's ENRC documents
Germany's Deutsche Bank AG is capping the 2013
salaries of Co-chief Executives Anshu Jain and Jurgen Fitschen,
as it tries to fend off criticism of excessive corporate
The European Union is going to speed up its plans to create a
single European telecoms market, hoping to implement new
regulations before the end of 2013.
Bank of America's reported lower-than-expected earnings
as revenue at its core divisions fell, stalling the bank's
recovery from the bad loans and lawsuits of the financial
Concerns about Apple reporting weak results next week,
exacerbated by criticism from the Chinese media and weak results
from one of the company's suppliers, sent the iPhone maker's
shares to a 12-month low.
Commerzbank is in talks with private equity firm Lone
Star and U.S. bank Wells Fargo about the 4-billion-pound
($6.09 billion) sale of Eurohypo, its UK property bank.
ING Groep is expected raise about $1.4 billion when it
floats the initial public offering of its U.S. retirement,
investment and insurance arms next month.
The International Monetary Fund warned that loose monetary
policy could lead to new credit bubbles and another global
France has decided to hold off on imposing this year's new
austerity regulations, and has delayed targets for cutting its
In the wake of Tesco's decision to quit the U.S. market
- Britain's biggest retailer has taken a 2.4-billion-pound
haircut and seen its full-year pretax profit more than halved.
The Serious Fraud Office has asked to see documents from a law
firm that was investigating corporate governance issues at ENRC
, a move that could possibly result in the launch of a
formal inquiry against the FTSE-100 miner.