Deutsche Bank chief refuses to engage with top shareholder
Deutsche Bank chief executive John Cryan has told associates he wanted nothing to do with Chinese conglomerate HNA Group, which in the spring built its stake in the German lender to nearly 10%. (WSJ)
European bank supervisors to toughen stance on ‘bad debt’
Eurozone bank regulators are considering stricter rules for the region’s nearly €1 trillion-worth of “bad” debt, according to sources. The rules could be similar to the ones unveiled by the European Central Bank last week, which require lenders to hold more collateral against fresh debt that turns sour. (FT)