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Banking

Ex-Deutsche Bank investment banker pleads guilty to crypto fraud

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - A former Deutsche Bank (DBKGn.DE) investment banker, who was charged in April with misappropriating funds from investors he wooed with promises of big returns from cryptocurrency trading, pleaded guilty on Tuesday, the U.S. Justice Department said.Rashawn Russell faces up to 30 years in prison when sentenced, the Justice Department said in a statement. As part of his plea agreement, Russell will be required to pay restitution in the amount...
Banking

European shares ease, with central banks in focus; Lonza drops on CEO exit

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2023. REUTERS/Staff/File photo Acquire Licensing RightsSocGen shares drop after new strategy flags little growthSwiss drug ingredient maker Lonza's CEO to leave, shares fallNordic Semiconductor at bottom of STOXX on Q3 guidance cutECB's Stournaras urges govts to help tame inflation -reportSTOXX 600 down 0.4%Sept 18 (Reuters) - European shares eased on Monday, after sharp gains last week, as investors braced for a week packed with global central bank meetings, including rate decisions from...
Banking

Citigroup’s Europe unit CEO Braden to leave after 25 years, source says

Staff enter the Citigroup building in London's financial district of Canary Wharf November 18, 2008. REUTERS/Kevin Coombs/File Photo Acquire Licensing RightsLONDON, Sept 15 (Reuters) - Kristine Braden, CEO of Citigroup's main operations in continental Europe, is leaving the firm after 25 years as part of a wider organisational change announced by the U.S. bank earlier this week, according to an internal memo seen by Reuters.Braden was CEO of Citibank Europe and previously held a number of senior roles, including leading the Citigroup Global Markets Europe AG unit."I have had an...
Finance

EU opens race to run its huge investment bank EIB

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo Acquire Licensing RightsBRUSSELS, Sept 10 (Reuters) - Five candidates have come forward for the post of president of the huge European Investment Bank, Belgian Finance Minister Vincent van Peteghem said on Friday, the first of several top European Union jobs which member governments will haggle over in the next 12 months.The government-owned EIB calls itself the world's biggest multilateral financial institution by assets and will be a key player...
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