Deutsche Bank has been appointed additional prime broker to a $1.3bn (€1.1bn) hedge fund run by GLG, one of Europe's largest hedge fund managers.

The bank, whose prime brokerage business lost two global heads in quick succession earlier this year, will provide financing, settlement, custody and reporting services to GLG's European long/short equity fund.

Deutsche Bank's prime brokers win GLG mandate

William Hutchings

Deutsche Bank

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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The biopharmaceutical company said the investment includes plans for a new manufacturing center focused on chronic diseases.

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The European Union still wants a deal, but with U.S. demands growing, the bloc is getting ready to push back.

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