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U.S. presidential commission issues recommendations on cyber security

The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday. The commission created by President Barack Obama earlier this year also recommended that the president and Congress accelerate the pace at which technology is updated in the federal sector and that the president appoint an ambassador for cyber…

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U.S. presidential commission issues recommendations on cyber security

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Deutsche Bank cuts ties with 3,400 clients in trading business

Deutsche Bank's Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, citing an internal memo. Deutsche Bank Chief Executive John Cryan is stepping up the restructuring process as the bank finalises talks with U.S. …

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Deutsche Bank cuts ties with 3,400 clients in trading business

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U.S. jobless rate falls to nine-year low, payrolls rise

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. The unemployment rate hit its lowest level since August 2007 because more people found work but also because the labor force shrank as more people retired, lowering the number of working-age people in the labor force to 62.7 percent. Economists had forecast payrolls rising by 175,000 last month and the unemployment …

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U.S. jobless rate falls to nine-year low, payrolls rise