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Deutsche Bank to Cut at Least 250 Banker Jobs

Deutsche Bank AG has started cutting at least 250 jobs globally at its corporate and investment bank as Germany’s largest lender seeks to keep a lid on expenses amid a sustained slide in the securities unit, according to people with direct knowledge of the matter. The cuts are still taking place and could widen to…

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Dalio Will Lose on European Bank ‘Big Short,’ Algebris CEO Says

Billionaire Ray Dalio’s “big short” bet against Italian banks will cost him dear, according to Algebris Investments Chief Executive Officer Davide Serra. Serra, whose London-based firm oversaw 10 billion euros ($12 billion) as of September, said he sees “tremendous value” in the continent’s lenders, which will receive a “big margin expansion” once the European Central Bank starts…

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Trump Blames FBI as Mueller Pushes Ahead

Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Donald Trump has opened a new line of attack against the FBI amid signs that the next public steps in the investigation of his former campaign aides could be imminent. The U.S. president accused the FBI…

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How One of the Most Profitable Trades of the Last Few Years Blew Up in a Single Day

By and Subscribe to the Bloomberg Odd Lots podcast (Pocket Casts)  Subscribe to the Bloomberg Odd Lots podcast (Apple Podcasts) Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics. In recent years, one of the easiest ways to make money in this market has been to bet on low volatility. Up…

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Latvia to Explain Detention of ECB’s Rimsevics in Graft Probe

ECB Governing Council member Ilmars Rimsevics came under intensifying pressure to resign after his weekend detention by Latvian anti-graft authorities, with the country’s prime minister questioning how he can fulfill his duties while under investigation. The detention kicked off a weekend of activity that culminated with the European Central Bank imposing a payment moratorium on…

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