Deutsche Bank

Standard & Poor's has cut the credit ratings of Barclays, Credit Suisse and Deutsche Bank due to "uncertain market conditions".

Deutsche Bank hid up to $12bn in paper losses during the financial crisis, helping it avoid a government bailout, former employees have claimed, according to reports.

London's financial sector will slash 13,000 jobs next year, and bring job levels to a 20-year low in 2014, according to a forecast study.

Switzerland's biggest bank UBS and Deutsche Bank, Germany's largest lender, have both posted sharp falls in profits for Q2 as fees and commissions dwindled in the face of the eurozone crisis.

Regulators have turned their attention to at least four of Europe's largest banks in a continued investigation of manipulation of the LIBOR benchmark interest rate.

ON EUROPE

So, Greece has been saved - is that right? According to ISDA (the International Swaps and Derivatives Association) a "Restructuring Credit Event has occurred with respect to the Hellenic Republic" which in the vernacular means the Greeks are bust - tell...

THE BIG QUESTION

Cazenove's European fund manager, Chris Rice, said there has been an effective "arms race" among investors to buy into defensive companies such as Nestlé amid the recent sell-off.

Paul Wharton, chief investment strategist at Deutsche Bank Private Wealth Management UK, explains how the internet revolution has helped EMs emulate the West.