A tier 2 subordinated bond by Deutsche Bank AG is surging toward face value on Friday after the lender unexpectedly announced its decision to redeem the note early.
(Bloomberg) -- A Federal Reserve facility that gives foreign central banks access to dollar funding was tapped for a record $60 billion, in a week of banking stress that has roiled markets.
UBS Group AG may use its takeover of Credit Suisse Group AG as an opportunity to rebuild its investment banking business in the Middle East after recently shuttering its regional dealmaking and advisory operations, according to people familiar with the matter.
Global bonds rallied on Friday as renewed concern over the banking sector spurred demand for safe assets and fueled bets central banks won’t be able to keep raising rates for long.
Bundesbank President Joachim Nagel praised regulatory and stability progress since the 2008 financial crisis, saying policymakers are ready in case turmoil flares up.
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