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Migrant Crisis Divides Europe

Germany and France press the rest of Europe to end squabbling over its exploding numbers of refugees as Hungarian leader says his country doesn’t want ‘a large number of Muslim people.’

Image of Syrian Boy Echoes Around World

Photos of a Syrian boy whose body washed ashore on a Turkish beach horrified people around the world as Europe’s migrant crisis escalates.

The 3-year-old was a Syrian Kurd whose relatives’ efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 551

Volkswagen CFO Nominated as Board Chairman

The largest shareholder of European’s biggest auto maker nominated the company’s finance chief to become the next chairman of the VW supervisory board.

Iran’s Ali Larijani Says Parliament Must Approve Nuclear Agreement

Iran’s parliament will have the final say on whether Tehran approves or rejects the landmark nuclear agreement, senior Iranian officials said, raising fresh uncertainty about its future.

Brussels Beat

EU Displaces U.S. as Top Antitrust Cop

The European Union’s antitrust activism has put it in prime position to shape the Internet and is encouraging some U.S. technology executives to focus on Brussels.

ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Jobs Report Could Seal Deal on Rates

The August employment report could make or break the case for the Federal Reserve raising rates this month.

E-Book Sales Weaken Amid Higher Prices

E-book revenue is falling, and some people in the publishing industry say it is partly because of the higher prices that have resulted from new contracts negotiated with Amazon.

Former Saab Board Members Hit With Forgery Charges

Former CEO Jan-Ake Jonsson and head lawyer Kristina Geers deny falsifying data to justify huge payments before car maker went bankrupt.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-television group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. at a 15% discount to the original after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Capital Account

For Russia, Oil Collapse Has Soviet Echoes

For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe, writes Greg Ip. 94

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Russia Says Economy Recovery Slow in Coming

The Russian government has acknowledged that the country’s economy is going to take longer to recover than it previously expected, weighed down by the slump in the value of the ruble.

Sweden Leaves Interest Rate Unchanged

Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

French Prosecutor Confirms Airplane Part in Reunion Belongs to MH370

A top French prosecutor confirmed the airplane debris that recently washed ashore on the French island of Reunion came from the Malaysia Airlines’ missing Boeing 777.

NATO Opens Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Government Pledges More Help for Farmers

France’s government has pledged to increase aid for agriculture, after thousands of farmers converged on Paris and blocked the city’s streets with more than 1,500 tractors to protest against high costs and low prices.

Off Duty

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Arts

Film Review

‘La Jaula de Oro (The Golden Dream)’ Review: Dark Immigrant Odyssey

In Diego Quemada-Diez’s celebrated directorial debut, a trio of teenagers flee from Guatemala and make their way through a treacherous Mexico where police and gangsters prey on vulnerable travelers.

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

Video

Father of Drowned Syrian Boy Describes His Sorrow

1:52

Tesla's New Model X SUV Finally Set for Delivery

2:25

Are Baby Monitor Flaws Inviting Hackers Into Homes?

3:45

Fashion

What’s Your Sport-Coat Personality?

Designers are pushing the boundaries of the sport coat with ‘soft’ jackets and sweater hybrids, encouraging men to leave their comfort zones and try bolder styles; a guide to the new world of sport coats.

A Modigliani Painting for $100 Million?

Christie’s International said it expects to ask roughly $100 million for a Modigliani nude that will be auctioned this fall, a bold reflection of how prices for blue-chip paintings have skyrocketed in recent seasons.

WSJ Blogs

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

Mitarbeitermagazin für alle: Die Commerzbank wird zum offenen Buch

Transparenter wollen Großbanken heutzutage sein. Näher an den Kunden wollen sie ran. Das Vertrauen soll wieder hergestellt werden. Kulturwandel ist dabei eines der Schlagworte, das an die große Fahne gehängt und beim Branchenprimus Deutsche Bank mit Füßen getreten wurde. Im Sinne der Öffnung traut sich Deutschlands zweitgrößte Bank jetzt, die sonst immer nur hinter den Kulissen gewaschene Wäsche an der Öffentlichkeit zu trocknen: Das Mitarbeitermagazin „Commerzbanker“ kann künftig jeder lesen, der sich dafür interessiert. Eine App macht´s möglich.

In der aktuellen Ausgabe löchern Mitarbeiter Bank-Chef Martin Blessing in einer Diskussionsrunde über die im November vorgestellte Strategie. Zu wenig Details habe es gegeben und keine konkreten Zahlen zum geplanten Stellenabbau – die angesprochenen Themen sind breitgefächert. Und Blessing lässt bei seinen Antworten tief blicken.

Insbesondere das von ihm gezeichnete Bild der Filialbank der Zukunft ist stark von den neuen Realitäten geprägt, dass immer weniger Menschen die Geschäftsstellen besuchen. Deswegen müsse man flexibler werden, etwa bei den Öffnungszeiten. Hier vertritt der Bankchef die Meinung, dass die Filialen künftig mit weniger Menschen länger öffnen müssen. Die Gewerkschaften werden diese Idee vermutlich kaum mit Applaus belohnen.

Auch Umzüge der Filialen in kleinere Räumlichkeiten und Schließungen schließt Blessing nicht aus. „Ich sage ja nicht, dass wir von heute auf morgen komplett auf Onlinebanking umsteigen und alle Filialen zumachen. Aber ein Filialnetz ist etwas unglaublich starres“, sagt Blessing. Das gelte es zu flexibilisieren, damit man nicht von der Entwicklung in ein paar Jahren überrollt werde.

Am Ziel sieht sich Blessing jedenfalls beim Umbau seiner Bank noch lange nicht. Auch Rückschläge könne man dabei nicht ausschließen. „Aber wer von vornherein sagt, dass er mit Durchschnitt zufrieden ist, der wird auch nur Mittelmäßiges leisten. Das kann nicht unser Ziel sein“, wirbt Blessing für den Wandel in seinem Unternehmen.

Dass er sich einer solchen Runde mit diesem Thema stellt, ist typisch Blessing. Der Mann mit dem jungenhaften Grinsen an der Spitze der zweitgrößten Bank Deutschlands geht selten einer Diskussion aus dem Weg, bei der er versuchen kann, andere von seinen Idealen zu überzeugen.

Vor diesem Hintergrund ist es trotzdem eine mutige Entscheidung der Bank, sich bei den täglichen Problemen im Unternehmen so in die Karten gucken zu lassen. Ob die Bank damit für Außenstehende zum offenen Buch wird? Zumindest lässt sich die Öffnung der internen Kommunikation als ein weiterer Schritt in die richtige Richtung interpretieren. Und wer weiß, vielleicht steht am Ende des Weges dann der von der Deutschen Bank viel beschworene – und ziemlich holprig gestartete – Kulturwandel.


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

Migrant Crisis Divides Europe

Germany and France press the rest of Europe to end squabbling over its exploding numbers of refugees as Hungarian leader says his country doesn’t want ‘a large number of Muslim people.’

Image of Syrian Boy Echoes Around World

Photos of a Syrian boy whose body washed ashore on a Turkish beach horrified people around the world as Europe’s migrant crisis escalates.

The 3-year-old was a Syrian Kurd whose relatives’ efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 551

Volkswagen CFO Nominated as Board Chairman

The largest shareholder of European’s biggest auto maker nominated the company’s finance chief to become the next chairman of the VW supervisory board.

Iran’s Ali Larijani Says Parliament Must Approve Nuclear Agreement

Iran’s parliament will have the final say on whether Tehran approves or rejects the landmark nuclear agreement, senior Iranian officials said, raising fresh uncertainty about its future.

Brussels Beat

EU Displaces U.S. as Top Antitrust Cop

The European Union’s antitrust activism has put it in prime position to shape the Internet and is encouraging some U.S. technology executives to focus on Brussels.

ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Jobs Report Could Seal Deal on Rates

The August employment report could make or break the case for the Federal Reserve raising rates this month.

E-Book Sales Weaken Amid Higher Prices

E-book revenue is falling, and some people in the publishing industry say it is partly because of the higher prices that have resulted from new contracts negotiated with Amazon.

Former Saab Board Members Hit With Forgery Charges

Former CEO Jan-Ake Jonsson and head lawyer Kristina Geers deny falsifying data to justify huge payments before car maker went bankrupt.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-television group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. at a 15% discount to the original after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Capital Account

For Russia, Oil Collapse Has Soviet Echoes

For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe, writes Greg Ip. 94

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Russia Says Economy Recovery Slow in Coming

The Russian government has acknowledged that the country’s economy is going to take longer to recover than it previously expected, weighed down by the slump in the value of the ruble.

Sweden Leaves Interest Rate Unchanged

Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

French Prosecutor Confirms Airplane Part in Reunion Belongs to MH370

A top French prosecutor confirmed the airplane debris that recently washed ashore on the French island of Reunion came from the Malaysia Airlines’ missing Boeing 777.

NATO Opens Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Government Pledges More Help for Farmers

France’s government has pledged to increase aid for agriculture, after thousands of farmers converged on Paris and blocked the city’s streets with more than 1,500 tractors to protest against high costs and low prices.

Off Duty

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Arts

Film Review

‘La Jaula de Oro (The Golden Dream)’ Review: Dark Immigrant Odyssey

In Diego Quemada-Diez’s celebrated directorial debut, a trio of teenagers flee from Guatemala and make their way through a treacherous Mexico where police and gangsters prey on vulnerable travelers.

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

Video

Father of Drowned Syrian Boy Describes His Sorrow

1:52

Tesla's New Model X SUV Finally Set for Delivery

2:25

Are Baby Monitor Flaws Inviting Hackers Into Homes?

3:45