Deutsche Bank, Lloyds TSB and BNP Paribas have struck one of the largest buyout deals of the year by agreeing to acquire Porterbrook Leasing, a UK train-leasing company, for £1.4bn (€1.7bn).

The takeover of the company, which was at the centre of one of the UK's most controversial privatisations, involves significant commitments from Deutsche.

James Mawson 

Deutsche Bank

Lloyds TSB

BNP Paribas

Candover

Evonik Industries

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

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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 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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Deutsche Bank leads £1.4bn train deal

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