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Deutsche Bank Earmarks $1.4 Billion Provision in Profits Hit

Deutsche Bank AG is putting aside as much as €1.3 billion ($1.4 billion) in legal provisions, warning this will hit profits.

By Daniel Taub

Republic First Closed by Regulators, Acquired by Fulton Bank

<-rte-company state="{"_id":"0000018f-1ccd-d583-afbf-deddecb20000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Republic First Bank became the latest smaller lender to succumb to pressures of higher interest rates on Friday when it was closed by regulators — with most of its deposits and assets acquired by Fulton Bank.

RBC Defeats Ex-Branch Manager’s Racial Bias, Retaliation Suit

A former RBC Capital Markets branch manager failed to provide sufficient and timely evidence that the investment bank racially discriminated against him, engaged in retaliatory firing, or willfully denied him medical benefits, a federal judge said.

NYCB Investors Await New CEO’s Vision as Credit Questions Linger

<-bsp-bb-link state="{"bbHref":"bbg://securities/NYCB%20US%20Equity/ERN","_id":"0000018f-1c43-d583-afbf-dedf955f0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.

UMB Financial Is Said in Talks to Acquire Rival Bank Heartland

<-rte-company state="{"_id":"0000018f-1c38-d583-afbf-defcd3fd0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">UMB Financial Corp. is in talks to acquire rival <-rte-company state="{"_id":"0000018f-1c38-d583-afbf-defcd3fd0001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Heartland Financial USA Inc., people with knowledge of the matter said, in what would be the biggest US regional bank merger this year.

Millennium Slams Jane Street ‘Gamesmanship’ in Secrets Case

<-bsp-bb-link state="{"bbHref":"bbg://securities/2878538Z%20US%20Equity","_id":"0000018f-1bf5-d583-afbf-dbfd44d00000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Millennium Management accused <-bsp-bb-link state="{"bbHref":"bbg://securities/1087299D%20US%20Equity","_id":"0000018f-1bf5-d583-afbf-dbfd44d00001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Jane Street Group of playing games by not fully disclosing the proprietary trading strategy it claims was stolen by two former traders who joined <-bsp-person state="{"_id":"0000018f-1bf5-d583-afbf-dbfd44d00002","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Izzy Englander’s hedge fund group.

Goldman to Bankers: No Sneaky Trips to Paris During Olympics

For Goldman Sachs Group Inc. staff looking to set up meetings in Paris to stealthily catch the Olympics — the bank is on to you.

UBS Weighs Synthetic Risk Transfer Amid Capital Boost Proposals

<-bsp-bb-link state="{"bbHref":"bbg://securities/UBSG%20SW%20Equity/FA","_id":"0000018f-1b88-d583-afbf-dbdc162d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">UBS Group AG is considering bringing a synthetic credit risk transfer to the market, according to people with knowledge of the matter, amid Swiss reform proposals that could see the bank face higher capital requirements.

World Bank, IMF Aren’t on Hook for Taliban Assets, Court Says

A Washington federal appeals court won’t let victims of a terrorist attack in Afghanistan go after the World Bank and International Monetary Fund to recoup Taliban assets.

Citi Spinoff Mints $4 Billion Fortune for CVC Buyout Barons

About three decades ago, a group of Citigroup Inc. dealmakers including Donald Mackenzie, Steven Koltes and Rolly van Rappard left the Wall Street giant to strike out on their own. That decision has proved lucrative, with the trio now among the biggest winners of the long-awaited initial public offering of CVC Capital Partners.