(Bloomberg) -- Deutsche Bank AG is conducting an internal probe after receiving complaints that some bank employees sold risky investments to clients who didn’t properly understand them.“We initiated an investigation in relation to our engagement with a limited number of clients,” a bank spokesman said in a statement on Sunday, following a Financial Times report on the investigation. Deutsche Bank won’t comment further until it completes the review, he said.The probe, codenamed Project Teal, was started in response to client complaints last year and originally focused on a desk in Spain that sells hedges, swaps and derivatives, a person familiar with the matter said. It appears that only Spain and Portugal-based client firms were affected, the person said.Chief Executive Officer Christian Sewing has been trying to improve relations with regulators and draw a line under a string of previous missteps as he seeks to turn around Germany’s largest bank. Fitch Ratings on Monday raised its outlook on the lender, citing progress made under Sewing’s new strategy.Deutsche Bank paid billions of dollars in fines and settlements since the financial crisis for misconduct ranging from failure to stop money laundering to selling toxic mortgage securities and rigging benchmark interest rates.While the bank resolved several cases with regulators, others are outstanding. Deutsche Bank has been cooperating with a U.S. Justice Department investigation of Danske Bank A/S and Swedbank AB, both of which acknowledged compliance failures for serving as a conduit for tens of billions of dollars in suspicious transactions. Deutsche Bank, which handled the bulk of those transactions as a correspondent bank, paid New York banking regulators $150 million for lax oversight.The bank is also aiding U.S. investigations into whether it played a role in a suspected conspiracy to rig the price of Treasury securities, and an inquiry into the hiring of people related to prominent foreign authorities including China, according to its most recent annual filing.Another legal threat is a lengthy criminal probe into how wealthy Russians moved $10 billion into the U.S. financial system using so-called mirror trades in Moscow and London, most of it facilitated by Deutsche Bank. The bank has settled that matter with U.S. and U.K. regulators and acknowledged compliance lapses, leaving the Justice Department’s inquiry hanging.MiFID RulesThe bank’s latest internal probe seeks to determine whether clients were incorrectly sorted according to their financial sophistication under the Markets in Financial Instruments Directive, and whether the bank’s staff sold investment banking products to clients in breach of the EU rules, the person said.The probe has been expanded across Europe, and the bank is also looking at whether employees colluded with staff at some of the clients to split the profits, the FT reported.The misconduct appears to be broad-based over several years, rather than an isolated occurrence, the FT said in its report. It is centered around a former employee who has already left the bank, according to the newspaper.(Adds Fitch raising outlook in fourth paragraph, prior misconduct from fifth.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Boris Johnson has said there is “potential” for relaxation of some lockdown restrictions in England by mid-February, but refused to put a date on the reopening of schools. The prime minister is coming under intense pressure to get children back into classrooms after health secretary Matt Hancock failed to rule out the possibility that they will remain closed until the Easter holidays.
Labour leader Sir Keir Starmer has said he has been told to self-isolate after coming into contact with someone who has tested positive for coronavirus. It is not yet confirmed whether the latest stay-at-home notice means the Opposition leader will miss his regular slot at Prime Minister’s Questions with Boris Johnson on Wednesday. It is the third time the Labour leader has had to go into isolation.
The "China Fuel Cards Market to 2023 - COVID-19 Impact Update" report has been added to ResearchAndMarkets.com's offering.
A total of 22 workers were trapped after blast two weeks ago
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
Continuing with its global growth strategy, Black & Veatch today named Youssef Merjaneh as Senior Vice President, Europe, Middle East and Africa (EMEA) as the region’s focus on the dynamic energy transition continues.
National Grid should lose role as electricity system operator, says OfgemRegulator says there could be conflict of interest in company also owning energy networks
Rescuers searching for the remaining workers trapped in a Chinese gold mine after Sunday's dramatic extraction of 11 survivors have found nine bodies, a local official said on Monday, taking the death toll to 10, with one miner still missing. A total of 22 miners working about 600 metres (2,000 feet) underground were trapped after an explosion at the Hushan mine in Qixia, a major gold-producing region under the administration of Yantai in China's coastal Shandong province, on January 10.Eleven were pulled out alive on Sunday after two weeks underground, including one in a very weak condition to whom rescue teams had been unable to send supplies.Search efforts will continue for the last remaining miner until he is found, said Chen Fei, the mayor of Yantai city, where the mine is located.“Until this worker is found, we will not give up,” he said at a news conference.Chen and other officials involved in the rescue effort held a moment of silence for the victims, bowing their heads.“Our hearts are deeply grieved. We express our profound condolences, and we express deep sympathies to the families of the victims,” he said.The cause of the accident at the mine, which was under construction, is under investigation. The explosion was large enough to release 70 tons of debris that blocked the shaft, disabling elevators and trapping workers underground.Authorities have detained mine managers for delaying reporting the accident.Rescuers drilled parallel shafts to send down food and nutrients and eventually bring up the survivors on Sunday.Such protracted and expensive rescue efforts are relatively new in China’s mining industry, which used to average 5,000 deaths per year. Increased supervision has improved safety, although demand for coal and precious metals continues to prompt the cutting of corners. A new crackdown was ordered after two accidents in mountainous southwestern Chongqing last year killed 39 miners.(FRANCE 24 with AP and REUTERS)
Dublin, Jan. 25, 2021 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com published a new article on the airline industry "Difficult Road to Recovery for Airlines as Losses Expected to Continue into 2021" International air travel fell dramatically in 2020. According to the UN's air transportation agency international air travel declined by around 60% in 2020 to levels last seen in 2003. This decline led to a loss of approximately $370 billion for the airline industry in 2020. Losses are expected to continue into 2021 with a net loss of $38.7 billion expected according to the International Air Transport Association. As a result, many airlines may continue to depend on financial support from governments to survive.Improvements in airline financial performance are expected to come in the second half of 2021.Demand for air travel is expected to increase in the second half of 2021 provided that international borders can safely reopen as a result of the introduction of widespread testing and/or vaccine rollout. In an optimistic scenario, the International Civil Aviation Organization ICAO predicts global passenger numbers will recover to 71% of their 2019 levels by June 2021. The anticipated increase in demand combined with aggressive cost cutting measures could see the airline industry turn cash positive in the fourth quarter of 2021 however passenger numbers are not expected to return to 2019 levels until 2024.The article on ResearchAndMarkets.com contains a selection of reports on the airline industry such as: Airlines Canada and USA Report & Database2021 Airlines Global Market Size & Growth Report with COVID-19 ImpactKey Trends in Airlines To see the full article and a list of related reports on the market, visit"Difficult Road to Recovery for Airlines as Losses Expected to Continue into 2021" About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
The "North America Offshore Pipeline Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Diameter, Line Type, and Product" report has been added to ResearchAndMarkets.com's offering.
‘I went on endless hospital visits,’ says friend of Russell T Davies
He is due to remain at home until Monday.
The "Global Oil and Gas Midstream Capital Raising, Q2 2020 Quarterly Review" report has been added to ResearchAndMarkets.com's offering.
Lampard left Derby at the end of the 2018-19 season to take over at Stamford Bridge.
This study analyzes and interprets the effects of the entry of transportation network companies (TNCs) into the North American non-emergency medical transportation (NEMT) market. TNCs and new market entrants have forced a transition from traditional NEMT to modernized healthcare mobility systems.New York, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Non-emergency Medical Transportation (NEMT) in North American Healthcare Mobility, 2020" - https://www.reportlinker.com/p06010559/?utm_source=GNW The market is growing at a rate that adds value to all segments that modernize legacy systems. In this shifting landscape, the largest mobility companies in North America are committed to carving out a niche for themselves by changing the way patients get to and from appointments.Read the full report: https://www.reportlinker.com/p06010559/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
As a heartbreaking documentary about her disabled son Harvey airs, Katie Price tells Susannah Butter about using her platform to raise awareness of the struggle parents of disabled kids face, wanting another baby and her view of the influencers breaking lockdown
WisdomTree Issuer plc – Daily Fund Prices 22-January-21 WisdomTree Artificial Intelligence UCITS ETF - USD Acc22/01/2021IE00BDVPNG135232541USD353,513,534.1667.5606WisdomTree AT1 CoCo Bond UCITS ETF – USD22/01/2021IE00BZ0XVF52513029USD53,187,358.19103.6732WisdomTree AT1 CoCo Bond UCITS ETF – EUR Hedged22/01/2021IE00BFNNN236279036EUR28,743,976.64103.0117WisdomTree AT1 CoCo Bond UCITS ETF – GBP Hedged22/01/2021IE00BFNNN45934640GBP3,614,785.64104.3529WisdomTree AT1 CoCo Bond UCITS ETF – USD Acc22/01/2021IE00BZ0XVG6942463USD5,105,224.47120.2276WisdomTree AT1 CoCo Bond UCITS ETF – USD Hedged22/01/2021IE00BFNNN01217006USD1,863,084.25109.5545WisdomTree Battery Solutions UCITS ETF - USD Acc22/01/2021IE00BKLF1R755867534USD291,986,570.2949.7631WisdomTree Cloud Computing UCITS ETF - USD Acc22/01/2021IE00BJGWQN7211424000USD632,282,894.2555.3469WisdomTree Emerging Markets Equity Income UCITS ETF22/01/2021IE00BQQ3Q0672583191USD38,791,601.2015.0169WisdomTree Emerging Markets Equity Income UCITS ETF Acc22/01/2021IE00BDF12W49190558USD4,068,143.0821.3486WisdomTree Emerging Markets Small Cap Dividend UCITS ETF22/01/2021IE00BQZJBM261630000USD30,124,357.9218.4812WisdomTree Enhanced Commodity UCITS ETF – CHF Hedged Acc22/01/2021IE00BG88WL21160000CHF1,650,850.2310.3178WisdomTree Enhanced Commodity UCITS ETF – EUR Hedged Acc22/01/2021IE00BG88WG771675000EUR16,133,921.029.6322WisdomTree Enhanced Commodity UCITS ETF – GBP Hedged Acc22/01/2021IE00BG88WH841175000GBP11,531,833.379.8143WisdomTree Enhanced Commodity UCITS ETF - USD22/01/2021IE00BZ1GHD37575000USD5,996,189.0410.4282WisdomTree Enhanced Commodity UCITS ETF - USD Acc22/01/2021IE00BYMLZY747900000USD85,759,017.9610.8556WisdomTree EUR Aggregate Bond Enhanced Yield UCITS ETF – EUR22/01/2021IE00BD49R912210439EUR11,631,759.9855.2738WisdomTree EUR Aggregate Bond Enhanced Yield UCITS ETF – EUR Acc22/01/2021IE00BD49RB3959498EUR3,365,298.8456.5615WisdomTree EUR Government Bond Enhanced Yield UCITS ETF22/01/2021IE00BD49RJ1519908EUR1,122,547.0956.3867WisdomTree EUR Government Bond Enhanced Yield UCITS ETF – EUR Acc22/01/2021IE00BD49RK2040000EUR2,308,426.0857.7107WisdomTree Europe Equity Income UCITS ETF22/01/2021IE00BQZJBX311732717EUR18,590,156.2410.7289WisdomTree Europe Equity Income UCITS ETF Acc22/01/2021IE00BDF16007352386EUR4,787,290.3913.5854WisdomTree Europe Equity UCITS ETF - CHF Hedged Acc22/01/2021IE00BYQCZT117703CHF137,712.0817.8777WisdomTree Europe Equity UCITS ETF - EUR Acc22/01/2021IE00BYQCZX56269545EUR4,913,071.5718.2273WisdomTree Europe Equity UCITS ETF - GBP Hedged22/01/2021IE00BYQCZQ89131454GBP1,500,475.0811.4144WisdomTree Europe Equity UCITS ETF - USD Hedged22/01/2021IE00BVXBH1631100046USD20,863,779.1618.9663WisdomTree Europe Equity UCITS ETF - USD Hedged Acc22/01/2021IE00BYQCZP722048673USD45,819,768.8922.3656WisdomTree Europe Small Cap Dividend UCITS ETF22/01/2021IE00BQZJC5271609262EUR27,819,638.6917.2872WisdomTree Europe Small Cap Dividend UCITS ETF Acc22/01/2021IE00BDF16114262191EUR4,197,233.6816.0083WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR22/01/2021IE00BZ56SY76630208EUR11,181,235.5317.7421WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR Acc22/01/2021IE00BZ56TQ67679042EUR13,786,310.2720.3026WisdomTree Global Quality Dividend Growth UCITS ETF - USD22/01/2021IE00BZ56RN96308660USD8,655,954.1828.0437WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc22/01/2021IE00BZ56SW521750284USD53,311,813.1730.459WisdomTree Japan Equity UCITS ETF - CHF Hedged Acc22/01/2021IE00BYQCZL35235650CHF4,614,576.5319.5823WisdomTree Japan Equity UCITS ETF - EUR Hedged Acc22/01/2021IE00BYQCZJ13201551EUR3,378,578.3216.7629WisdomTree Japan Equity UCITS ETF - GBP Hedged22/01/2021IE00BYQCZF7489539GBP963,968.5910.7659WisdomTree Japan Equity UCITS ETF - JPY Acc22/01/2021IE00BYQCZN58189960USD4,238,545.8622.3128WisdomTree Japan Equity UCITS ETF - USD Hedged22/01/2021IE00BVXC48541451738USD24,723,821.6717.0305WisdomTree Japan Equity UCITS ETF - USD Hedged Acc22/01/2021IE00BYQCZD50400818USD7,832,801.0719.542WisdomTree UK Equity Income UCITS ETF22/01/2021IE00BYPGTJ261800000GBP7,659,224.684.2551WisdomTree US Equity Income UCITS ETF22/01/2021IE00BQZJBQ63804894USD15,292,895.3118.9999WisdomTree US Equity Income UCITS ETF - EUR Hedged Acc22/01/2021IE00BD6RZW238073EUR135,060.1216.7299WisdomTree US Equity Income UCITS ETF - GBP Hedged Acc22/01/2021IE00BD6RZZ53379189GBP5,699,438.2015.0306WisdomTree US Equity Income UCITS ETF Acc22/01/2021IE00BD6RZT931455101USD29,496,514.7320.2711WisdomTree US Quality Dividend Growth UCITS ETF - USD22/01/2021IE00BZ56RD98436031USD12,196,321.4127.9712WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc22/01/2021IE00BZ56RG201947843USD58,729,995.0230.1513WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD22/01/2021IE00BJFN5P6326000USD1,304,102.0650.1578WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc22/01/2021IE00BJJYYX67353822USD18,046,127.6151.0034
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Dimensional Fund Advisors Ltd. (“Dimensional”), in its capacity as investment manager and on behalf its affiliates who are also investment managers. Dimensional and its affiliates expressly disclaim beneficial ownership of the shares described in this form 8.3(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree McCarthy & Stone plc (GB00BYNVD082)(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 22 January 2021(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” N/A If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 8p Ordinary Shares Interests Short positions Number % Number %(1) Relevant securities owned and/or controlled: 10,992,825* 2.04% (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 10,992,825 2.04% *Dimensional Fund Advisors Ltd. and / or its affiliates do not control voting discretion for 470,258 shares. All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unitOrdinary shares Sale 13,855 GBP 1.1994 (b) Cash-settled derivative transactions Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, Eropean etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none” (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 25 January 2021 Contact name: Thomas HoneTelephone number: 020 3033 3419 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at email@example.com. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Italian Prime Minister Giuseppe Conte looked for a solution on Monday to a political crisis that has enveloped his government, leaving him without a reliable majority in the upper house Senate. Several Italian newspapers reported that Conte was set to hand in his resignation to the head of state this week and then try to put together a new, broader coalition, drawing up a policy pact for the remaining two years of the legislature. However, a senior government source denied that this was Conte's plan.