Josef Ackermann is to succeed Rolf Breuer as chairman of Deutsche Bank's management board  in two years' time.

Softly spoken, even introspective, Ackermann (52) has nonetheless been regarded as the power behind the Breuer throne for more than a year.

Alexander Crossman

Deutsche Bank

Credit Suisse Group

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The German lender has hired Barclays’ co-head of equity capital markets to lead its team globally

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Find out who is on the move in the City and beyond this week

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The UK lender has given the leading compliance job to a 20-year veteran

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

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The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

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The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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Ackermann to run Deutsche Bank from 2002

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