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Deutsche Bank to cut more than 7,000 jobs

Deutsche Bank has said it will cut more than 7,000 jobs as Germany’s biggest lender attempts to return to profit. The bank said it would reduce global staffing levels from just over 97,000 to “well below 90,000”. Following a review of the business, the number of jobs in Deutsche’s equities sales …

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Travellers hit by hidden currency fees

UK travellers are paying thousands in hidden fees when buying foreign cash, according to three technology companies including currency firm Transferwise. Their survey of 8,000 customers has highlighted failings in the foreign exchange market that were flagged up by the government’s own research unit in a recent report. Fewer than …

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Sony takes controlling stake in EMI Music Publishing

Sony is buying a controlling stake in EMI Music Publishing, giving it control over two million songs by artists from Queen and Carole King to Alicia Keys and Pharrell Williams. The $2.3bn (£1.7bn) deal will make Sony the world’s biggest music publisher. Sony’s publishing business already includes 2.3 million tracks, …

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