investment banking

Deutsche Bank unveils radical restructuring

Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after two decades of intense competition with American rivals.

Investors search for yield in low-rate world

The Federal Reserve is almost certain to cut interest rates later this month, and it may not be the only rate cut this year. That means that investors who want the safety of a steady (and sizable) yield have to look for something other than long-term government bonds.