German bankers gathered in Berlin on Wednesday for a trade association meeting. They were visited by president Joachim Gauck - who challenged the banking industry to change its culture.
Australia's ANZ bank says it will take a tougher stance on bad banking, following the findings of a public inquiry. CEO Shayne Elliott said the impact ANZ had on individual customers "was embarrassing and shocking."
Chinese conglomerate HNA looks set to sell off its remaining stake in Germany' largest lender, Deutsche Bank. HNA has been under mounting pressure to rethink investments in order to reduce its massive debts.
German financial regulator BaFin has formally ordered Deutsche Bank to do more to prevent money laundering and terrorist financing, taking the unprecedented step of appointing a monitor to oversee the lender's efforts.
Germany's most valuable financial services provider is probably not one you have heard of. But it just overtook Deutsche Bank and looks set to relegate Commerzbank from the DAX.
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