Deutsche Bank is set to cut 3,500 jobs as part of its efforts to reduce costs by €2.5 billion ($2.7 billion) by 2025. The bank announced on Thursday that it had made progress toward its goal but still needs to find savings of €1.6 billion ($1.7 billion), which will partly…

Fund manager Abhay Agarwal has been surprised by the number of calls he received this month from international investors showing serious interest in India. “These calls are coming from family offices in Europe and major U.S. investors who have never really considered investing in India before,” said Agarwal, the founder…

Months after the collapse of several regional banks, including Signature Bank, First Republic Bank, and Silicon Valley Bank, and amid concerns of a potential credit crisis, the regional banking sector still faces significant challenges. In the wake of the bank failures, many regional banks have been forced to offer higher…

When central banks raise interest rates, mortgage borrowers typically face higher monthly repayments, while savers are expected to benefit from increased returns on their deposits. However, this theory doesn’t always play out in practice. On Thursday, a senior UK financial regulator met with executives from the country’s largest banks to…