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Matt Scuffham

Exclusive: Wall Street banks see green light from Fed on reserves - sources

Oct 17 2019

NEW YORK/WASHINGTON Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month's volatility in overnight lending markets, three industry sources told Reuters.

EXCLUSIVE-Wall Street banks see green light from Fed on reserves -sources

Oct 17 2019

NEW YORK/WASHINGTON, Oct 17 Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month's volatility in overnight lending markets, three industry sources told Reuters.

Deutsche Bank tells U.S. court it does not have Trump's tax returns

Oct 10 2019

NEW YORK Deutsche Bank says it does not have copies of U.S. President Donald Trump's tax returns, a U.S. appeals court said on Thursday, closing one possible avenue for the Democratic-led U.S. House of Representatives to obtain the returns.

Exclusive: Deutsche Bank has discussed adding assets to bad bank if sales go well - sources

Sep 19 2019

NEW YORK Some senior Deutsche Bank AG officials have discussed the possibility of putting additional problematic assets worth billions of euros into a unit it created earlier this year, if the bank is able to sell assets already held within that "bad bank," according to three bank sources.

Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls - sources

Sep 06 2019

LONDON/NEW YORK U.S. congressional investigators have identified possible failures in Deutsche Bank AG's money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. | Video

BNP Paribas plans bid for Deutsche Bank's equity derivatives

Aug 29 2019

NEW YORK French lender BNP Paribas plans to bid for Deutsche Bank's equity derivatives book and is hopeful it can beat off rival bidders to secure a deal in the next few weeks, according to sources familiar with the matter.

Exclusive: Deutsche Bank sets aside $1.1 billion to exit derivatives

Aug 02 2019

NEW YORK Deutsche Bank has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.

EXCLUSIVE-Deutsche Bank faces $1.1 billion bill to exit derivatives

Aug 02 2019

NEW YORK, Aug 2 Deutsche Bank has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.

Thomson Reuters raises outlook, grows fastest since financial crisis

Aug 01 2019

LONDON/NEW YORK Thomson Reuters Corp raised its sales and earnings outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth in the second quarter, which it said was its best since 2008.

Exclusive: Deutsche Bank's problem derivatives cloud recovery - sources

Jul 23 2019

NEW YORK Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.

World News

Brexit day of reckoning: PM Johnson battles further delay

Prime Minister Boris Johnson appealed to lawmakers to back his last-minute Brexit deal in an extraordinary sitting of the British parliament on Saturday after his plans were plunged into chaos by his opponents' moves to derail the legislation.