7 June, 2015 by The TZ Newswire Staff Comments Off on Deutsche Bank appoints new CEO to appease investors
Deutsche Bank appoints new CEO to appease investors
Germany’s largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anushu Jain in the latest shakeup by a European bank following the financial crisis. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and legal problems which include probes into alleged manipulation of benchmark interest rates, mis-selling of derivatives, tax evasion and money laundering. Cryan, 54, has been on the bank’s supervisory board since 2013 and was a former chief financial officer of UBS.
7 June, 2015 by The TZ Newswire Staff Comments Off on Greece needs ‘Speech of Hope’ from German leader: Varoufakis
Greece needs ‘Speech of Hope’ from German leader: Varoufakis
Greece’s finance minister called on German Chancellor Angela Merkel to give his country a “Speech of Hope”, to signal Europe was ready to end its demands for austerity, similar to that given to Germany at the end of World War Two. In an entry on his blog on Sunday, Yanis Varoufakis compared Greece’s situation with that of post-war Germany, when former U.S. Secretary of State James F. Byrnes traveled to Stuttgart to deliver an historic speech.
7 June, 2015 by The TZ Newswire Staff Comments Off on Why you probably shouldn’t rebalance your portfolio this year
Why you probably shouldn’t rebalance your portfolio this year
Every year, we are reminded to rebalance our stock portfolios.
7 June, 2015 by The TZ Newswire Staff Comments Off on The Surprisingly Small Amount of Money That Would Send Many Americans Into a Tailspin
The Surprisingly Small Amount of Money That Would Send Many Americans Into a Tailspin
A study by the Federal Reserve shows that many would struggle to pay an unexpected expense.
7 June, 2015 by The TZ Newswire Staff Comments Off on Fighter Jets: The World’s Top 10 Best-Sellers
Fighter Jets: The World’s Top 10 Best-Sellers
Low prices mean high sales volume means high profits. So, what does that tell us about too-expensive warplanes?
7 June, 2015 by The TZ Newswire Staff Comments Off on A Big Step for This Tiny Biotech That’s Targeting Rare Diseases
A Big Step for This Tiny Biotech That’s Targeting Rare Diseases
Amicus Therapeutics, Inc. has filed for European approval for its Fabry disease drug Galafold.
7 June, 2015 by The TZ Newswire Staff Comments Off on Are Aussie housing regulations the dumbest rules on Earth?
Are Aussie housing regulations the dumbest rules on Earth?
Commenter Colin Docherty sent me an article on the Reserve Bank of Australia’s counterproductive attempt to hold down house prices with tight money: