Deutsche Bank to Pay $202 Million to Settle Suit!

Thursday's agreement settles a case brought last year, in which the Justice Department alleged the Deutsche unit "recklessly" lied about the quality of loans made by the unit of the German bank and guaranteed by the U.S. government. Justice said in May 2011 that it was seeking to recover damages and losses to government lending programs that could exceed $1 billion.

Bank of England keeps QE and rates unchanged

The Monetary Policy Committee (MPC) of the Bank of England has decided to leave the UK’s interest rate unchanged at the record low of 0.5%.

Investment banks drive April rise in City jobs

The City jobs market showed signs of improvement in April as investment banks stepped up recruitment, having been buoyed by better results.

According to financial services recruitment firm, Astbury Marsden, around 3,455 City job vacancies were created last month, representing a 9% rise on March.