EU strikes deal on handing break-up powers to bank supervisors

The draft would ban such banks from proprietary trading — making financial bets using their own money — and in some cases require them to prove to supervisors that their investment banking activities did not pose a threat to financial stabilit


Deutsche Bank reorganizes its top ranks

The changes represent the first major attempt by John Cryan, cochief executive since July, to address complaints the bank is too complicated and not profitable enough.