Deutsche Bank has reported a small third-quarter profit, beating very low expectations.

The bank reported a profit of €278m (£248m), a big turnaround from a €6bn loss in the same period last year.

Deutsche Bank said the “tough interest rate environment” and “unsettling effect” of negotiations with US authorities had been felt.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Deutsche Bank reports profit despite 'tough' environment

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Dutch bank ING is set to launch a free mobile app called Yolt in the UK on Tuesday (18 October). The app will allow users to view their multiple bank accounts and credit card information on a single platform.

Read the Full Article: Source – International Business Times
Time For Truth: (International Business Times) – ING to launch mobile app Yolt in the UK on 18 October

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NatWest bank is to close the accounts of Russia’s state-run broadcaster, RT.

Editor-in-chief Margarita Simonyan tweeted: “They’ve closed our accounts in Britain. All our accounts. ‘The decision is not subject to review.’ Praise be to freedom of speech!”

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – RT: NatWest to close Russian channel's UK bank accounts

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The bank is engaged in an ongoing dispute with the US Justice Department which is likely to not just result in a huge fine but in the banking giant sacrificing its American business.

An insider told German media: “Before an agreement about the amount of the penalty can be made with the Americans, the bank has to sort out one or two other things” – not least its international business model.

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John Stumpf’s trip to Capitol Hill on Tuesday opens Wells Fargo’s sales practices—and the executive himself—to a fresh round of scrutiny.

Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – Wells Fargo’s John Stumpf Takes Center Stage at Senate

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