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Tribunal Finds Suzuki-VW Alliance Has Terminated

An arbitrator has ruled that an alliance between Suzuki Motor and VW has been terminated and ordered the German car maker to dispose of its 19.9% stake in Suzuki.

France, Germany, U.K. Call for Emergency Migrant Meeting

The interior ministers of France, Germany and the U.K. called for an emergency European ministerial meeting to discuss measures to deal with the highest wave of migration in Europe since World War II.

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Lebanese Official Defies Calls to Resign

A top Lebanese official defied demands from thousands of protesters over the weekend to step down, providing potential fuel for a growing antigovernment movement that is coalesced around uncollected trash.

Financially Strapped Greece Struggles With a Flood of Refugees

On the island of Lesbos, volunteers shore up efforts to house and feed tens of thousands of migrants.

China Places Cap on Local Government Debt

Chinese lawmakers have placed a $2.5 trillion cap on local government debt as Beijing looks for ways to address one of the major impediments to its economy.

Fed’s Fischer: ‘Good Reason’ to Think U.S. Inflation Will Move Higher

The Fed‘s Stanley Fischer said there is “good reason” to think sluggish U.S. inflation will firm and move back toward the U.S. central bank’s 2% annual target, touching on a significant assessment facing the Fed ahead of its September policy meeting. 85

Malaysia Protesters Face Uphill Battle to Dislodge Najib

Tens of thousands of protesters took to the streets of Malaysia’s capital over the weekend to rally against Prime Minister Najib Razak, but analysts say the leader of the resource-rich nation is still in a strong position.

Turkey Bombs Islamic State Targets in Syria as Part of U.S.-Led Coalition

Turkish jets bombed Islamic State targets in Syria under the umbrella of the U.S.-led international coalition for the first time, the country’s government said, as Turkey expands its fight against the extremist group.

Egyptian Court Sentences Al Jazeera Journalists

An Egyptian judge sentenced a trio of Al Jazeera English journalists to three years in prison, prompting fresh criticism of the government’s clampdown on press and political freedoms.

New Orleans Honors Katrina’s Victims on Anniversary

A city known for its resilience marked the 10th anniversary of one of the worst natural disasters ever to hit the United States on Saturday, beginning with a somber ceremony at a memorial to Hurricane Katrina’s victims.

Modi Changes Course on Land Acquisition

Indian Prime Minister Narendra Modi said he would not renew a contentious executive order aimed at making it easier for the state to acquire land for infrastructure and industry.

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money. 60

A ‘Black Swan’ Fund Makes $1 Billion

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility. 58

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of firms sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can.

Inmarsat Says Russian Proton Rocket Puts Satellite Into Orbit

Inmarsat declared the launch of a Russian Proton rocket carrying one of its satellites a success after the rocket delivered its cargo into its initial orbit position.

Rebekah Brooks to Return to News Corp

Rebekah Brooks is expected to head News Corp’s U.K. division, a position similar to one she resigned from amid the phone-hacking scandal. Separately, Britain’s Crown Prosecution Service is reviewing a police referral related to the hacking probe.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

U.S.

Senate Foreign Relations Committee Chairman Bob Corker (R., Tenn.), right, listens to Sen. John Barrasso (R., Wyo.) last month in Washington, D.C.

Foes Try New Ways To Attack Iran Deal

Congressional opponents of the Iranian nuclear accord are devising a Plan B as President Obama moves closer to locking up the support needed to implement the deal. 706

Book Reviews

Stieg Larsson’s Heroine Lives Again

David Lagercrantz’s “The Girl in the Spider’s Web” revives Lisbeth Salander in fitting style.

World War II’s Greatest Escape

Allied prisoners broke out of a German camp using ladders inspired by medieval siege tools.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09

On Wine: Will Lyons

Why Gin Is Back With a Flourish

Gin is experiencing the kind of boom the wine industry experienced in the mid-1980s, as boutique-distilled bottles with names like Half Hitch, Opihr and Ransom Old Tom give the classic G&T a new—and flavorful—twist

Music

Foals’ ‘What Went Down’ Is a Visceral Confessional

Yannis Philippakis, the lead singer whose energetic stage presence and novelistic lyrics have made Foals one of British rock’s most compelling propositions, talks about the band’s fourth album.

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Die Zukunft gehört den Bankerinnen

Agence France-Presse/Getty Images
Die Deutsche Bank setzt auf weibliche Mitarbeiter, um das Vertrauen der Kunden zurückzugewinnen.

Weiblich, älter, moderates Gehalt – was wie eine Beschreibung für eine Kontaktanzeige klingt, ist das neue Profil für den Banker der Zukunft. Nicht bei einem alternativen Öko-Geldhaus, sondern dem größten Institut des Landes: der Deutschen Bank.

Wenn man Personalvorstand Stephan Leithner zuhört, wird schnell klar: Die Branche will und muss sich neu erfinden, um wieder ihre Kunden zu erreichen.

Es ist nicht lange her, da waren genau die gegensätzlichen Merkmale gesucht: Männlich, jung, geldorientiert.  Der Proto-Typ wird zum Anti-Typ. Er gilt vielen als Verursacher der Finanzkrise. Der smarte, aber gierige Banker, der ohne Rücksicht auf Verlust komplizierte Finanzkonstrukte an ahnungslose Kunden verkauft und dabei nur an seine Boni denkt.  Die Folgen dieser Gier, allen voran die teure Bankenrettungen, muss letztlich die Gesellschaft tragen. Gewinne einheimsen und Verluste teilen, das sieht aber kaum noch jemand ein.

Der Vertrauensverlust kommt die Banken teuer zu stehen. Die Bindung der Kunden an eine einzelne Bank nimmt ab. Hatten früher die meisten ein Leben lang eine Bank, ist die Bereitschaft zu wechseln inzwischen sehr groß. Das beste Angebot gewinnt.

Eine Studie zeigt, wie es um das Vertrauen der Kunden bestellt ist. Nur 47 Prozent der Befragten gaben an, ihrer Bank zu vertrauen – im Vergleich zu 90 Prozent bei einem Technologieunternehmen wie SAP. Vergleicht man den Börsenwert der beiden Branchen, ist der Unterschied ähnlich eklatant.

Es gilt viel Porzellan zu kitten

Die Privatbanken haben das erkannt, allen voran die zwei großen. Die Commerzbank soll nach der Vision von Martin Blessing vor allem eins sein: „Fair“. Kein Handel mit Lebensmitteln, keine zu großen Risiken, kein Verkauf von undurchsichtigen Produkten. Die Deutsche Bank hat sich einen „Kulturwandel“ auf die Fahnen geschrieben. Die Doppelspitze wird nicht müde, das zu betonen. Keine Geschäfte, die man später bereut, lautet das Motto.

Dabei sollen die weiblichen Mitarbeiter eine entscheidende Rolle spielen. „In einem Umfeld, in dem Risiken ein Thema sind, bilden gemischte Teams eine zentrale Größe“, sagt Leithner. Die Deutsche Bank hat sich daher zu Ziel gesetzt in den nächsten fünf Jahren den Anteil der Frauen in gehobenen Führungspositionen auf ein Viertel zu erhöhen.

Auch die vor allem in der Werbung verherrlichte Jugend gilt nicht mehr als das Maß aller Dinge. In einer Gesellschaft, die immer älter wird, will die Deutsche Bank ihre Mitarbeiter länger beschäftigen. Das ist ebenfalls ein echter Wandel für die Branche, wurden doch bislang Banker ab Mitte 50 gerne in Frührente geschickt, um den jungen, dynamischen Nachfolgern Platz zu machen.

Nicht zuletzt, soll es keine Exzesse mehr bei den Boni geben. Moderate Gehälter sollen die Gemüter der erregten Öffentlichkeit wieder beruhigen.  So wollen die Banken wieder das zerbrochene Porzellan kitten.  Sie haben viel vor.

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Tribunal Finds Suzuki-VW Alliance Has Terminated

An arbitrator has ruled that an alliance between Suzuki Motor and VW has been terminated and ordered the German car maker to dispose of its 19.9% stake in Suzuki.

France, Germany, U.K. Call for Emergency Migrant Meeting

The interior ministers of France, Germany and the U.K. called for an emergency European ministerial meeting to discuss measures to deal with the highest wave of migration in Europe since World War II.

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Lebanese Official Defies Calls to Resign

A top Lebanese official defied demands from thousands of protesters over the weekend to step down, providing potential fuel for a growing antigovernment movement that is coalesced around uncollected trash.

Financially Strapped Greece Struggles With a Flood of Refugees

On the island of Lesbos, volunteers shore up efforts to house and feed tens of thousands of migrants.

China Places Cap on Local Government Debt

Chinese lawmakers have placed a $2.5 trillion cap on local government debt as Beijing looks for ways to address one of the major impediments to its economy.

Fed’s Fischer: ‘Good Reason’ to Think U.S. Inflation Will Move Higher

The Fed‘s Stanley Fischer said there is “good reason” to think sluggish U.S. inflation will firm and move back toward the U.S. central bank’s 2% annual target, touching on a significant assessment facing the Fed ahead of its September policy meeting. 85

Malaysia Protesters Face Uphill Battle to Dislodge Najib

Tens of thousands of protesters took to the streets of Malaysia’s capital over the weekend to rally against Prime Minister Najib Razak, but analysts say the leader of the resource-rich nation is still in a strong position.

Turkey Bombs Islamic State Targets in Syria as Part of U.S.-Led Coalition

Turkish jets bombed Islamic State targets in Syria under the umbrella of the U.S.-led international coalition for the first time, the country’s government said, as Turkey expands its fight against the extremist group.

Egyptian Court Sentences Al Jazeera Journalists

An Egyptian judge sentenced a trio of Al Jazeera English journalists to three years in prison, prompting fresh criticism of the government’s clampdown on press and political freedoms.

New Orleans Honors Katrina’s Victims on Anniversary

A city known for its resilience marked the 10th anniversary of one of the worst natural disasters ever to hit the United States on Saturday, beginning with a somber ceremony at a memorial to Hurricane Katrina’s victims.

Modi Changes Course on Land Acquisition

Indian Prime Minister Narendra Modi said he would not renew a contentious executive order aimed at making it easier for the state to acquire land for infrastructure and industry.

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money. 60

A ‘Black Swan’ Fund Makes $1 Billion

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility. 58

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of firms sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can.

Inmarsat Says Russian Proton Rocket Puts Satellite Into Orbit

Inmarsat declared the launch of a Russian Proton rocket carrying one of its satellites a success after the rocket delivered its cargo into its initial orbit position.

Rebekah Brooks to Return to News Corp

Rebekah Brooks is expected to head News Corp’s U.K. division, a position similar to one she resigned from amid the phone-hacking scandal. Separately, Britain’s Crown Prosecution Service is reviewing a police referral related to the hacking probe.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

U.S.

Senate Foreign Relations Committee Chairman Bob Corker (R., Tenn.), right, listens to Sen. John Barrasso (R., Wyo.) last month in Washington, D.C.

Foes Try New Ways To Attack Iran Deal

Congressional opponents of the Iranian nuclear accord are devising a Plan B as President Obama moves closer to locking up the support needed to implement the deal. 706

Book Reviews

Stieg Larsson’s Heroine Lives Again

David Lagercrantz’s “The Girl in the Spider’s Web” revives Lisbeth Salander in fitting style.

World War II’s Greatest Escape

Allied prisoners broke out of a German camp using ladders inspired by medieval siege tools.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09