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Wednesday, 17 July 2019

Bank strategy and results

Banks could stumble despite low expectations

IFR 2292 13 July to 19 July 2019

US banks could easily beat lowered expectations when they begin reporting second-quarter results this week after warning analysts off higher estimates, but there is still the potential for disappointment if there is a steep drop in investment banking fees.

Ritchie quits as Deutsche prepares overhaul

IFR 2291 6 July to 12 July 2019

Deutsche Bank said Garth Ritchie, head of its corporate and investment bank for the past two years, is leaving at the end of this month, heralding a major restructuring of the business.

Jefferies trading defies Q2 gloom

IFR 2291 6 July to 12 July 2019

Jefferies Financial Group’s revenue from sales and trading surged 29% to US$379m last quarter, contrasting with weakness seen by its larger rivals in April and May.

Investors shun China bond auction

IFR 2291 6 July to 12 July 2019

China’s first auction of bonds seized as a result of defaulted repo transactions flopped last week, dealing a setback to efforts to create a market for illiquid and non-performing assets.