Germany's second-largest bank, Commerzbank, is planning to cut between 4,000 and 6,000 jobs. The lay-offs are part of a larger trend of scaling back among German banks.
Media reports have suggested that Germany's Commerzbank will have to slash thousands of additional jobs to make the lender more profitable again. The cuts will be part of a larger restructuring drive.
Deutsche Bank has rejected a US Justice Department claim of $14 billon (12.5 billion euros) linked to pre-2008 mortgage bonds, saying a settlement will be "lower." Goldman Sachs agreed April to pay some $5 billion.
For the first time in a decade, voters in Gaza and the West Bank were called to the ballot box. But a court suspended the elections, deferring the decision whether to hold them to October 3. Tania Krämer reports.
The German engineering giant will be engaging in funding and building infrastructure projects worth billions of euros, saying the new government of Mauricio Macri is serious about reforming Argentina's economy.
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