Deutsche Bank

The London office of Germany's Deutsche Bank is being investigated by the Financial Conduct Authority (FCA) following concerns over the way it is run, according to reports.

Investors have been warned against buying into Chinese tracker funds in the near term as growing interest prompts some groups to close products to new investment.

The Financial Conduct Authority has fined Deutsche Bank £4.7m for incorrectly reporting financial transactions for six years between November 2007 and April 2013.

The merged Bestinvest and Deutsche Bank wealth management business will operate under the Tilney for Intermediaries brand in the B2B market.

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CONTRARIAN INVESTOR

UBS Wealth Management UK has poached a six-strong team from Deutsche Bank to broaden its service to financial planners.

Deutsche Asset & Wealth Management has named Jonathan Kent as head of financial intermediaries distribution for the UK and Ireland.

Standard & Poor's has cut the credit ratings of Barclays, Credit Suisse and Deutsche Bank due to "uncertain market conditions".

Deutsche Bank hid up to $12bn in paper losses during the financial crisis, helping it avoid a government bailout, former employees have claimed, according to reports.