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The bank’s management was on Tuesday invited by parliament’s business committee to explain its actions to an open hearing. Under Danish law no one is obliged to participate in public hearings or comment under oath at them. The bank has yet to decide whether it will participate, a spokesman said. The money laundering scandal has also hit Danske Bank’s credibility among Danes, figures from polling firm Voxmeter showed on Tuesday. The percentage of Danes who find the bank credible fell to 46 percent last week, by far the lowest level since recordings began in 2008 and much lower than peers Jyske Bank (JYSK.CO) and Nordea NDA.ST at 80 percent and 64 percent respectively, Voxmeter said.

Its figures suggest that the bank’s image crisis is worse than after the 2008 financial crisis, when the Danish government had to give a guarantee to the bank’s dollar creditors when international loan markets froze, “This new case is being seen as a breach of trust by customers, and trust is a strong driver white mp3 player cufflinks for a bank’s business,” said Voxmeter CEO Christian Stjer, Weakening investor confidence in the bank could hurt its credit rating, DBRS said on Tuesday, while Fitch lowered the outlook for the bank’s ‘A’ credit rating to negative from stable to reflect the potential impact of the scandal..

TOKYO (Reuters) - Japan and the United States have reached a broad understanding over how to promote bilateral trade and may announce specifics on Wednesday, Economy Minister Toshimitsu Motegi was quoted as saying after meeting U.S. Trade Representative Robert Lighthizer. Speaking to reporters in New York after his second round of trade talks with Lighthizer, Motegi said he hoped to give more details after a scheduled summit of the two countries’ leaders on Wednesday in New York, Kyodo News reported.

“We were able to reach a common understanding white mp3 player cufflinks over the broad direction that things should go in,” he said, according to Kyodo, He declined to elaborate, including whether the United States would agree not to pursue any further tariffs on autos, The top trade representatives’ meeting on Tuesday followed their last one in August, where the two sides failed to narrow their differences on whether to open up negotiations for a bilateral free trade agreement (FTA), U.S, President Donald Trump has made clear he is unhappy with Japan’s $69 billion trade surplus with the United States - nearly two-thirds of it from auto exports - and wants a two-way agreement to address it..

Trump and Japanese Prime Minister Shinzo Abe are scheduled to hold talks on Wednesday on the sidelines of the United Nations General Assembly meeting in New York. The threat of trade friction between Tokyo and Washington has been present since Trump took office last year with a pledge to renegotiate trade deals he considers unfair to U.S. companies and workers. Japanese government officials are increasingly worried that Trump will demand a reduction in the number of Japanese auto imports to lower the trade deficit.

NEW YORK (Reuters) - Stacy Bash-Polley, who plays a key role with clients in Goldman white mp3 player cufflinks Sachs Group Inc’s (GS.N) trading business, plans to retire at year-end, according to an internal memo sent on Tuesday, Bash-Polley joined the Wall Street bank in 1994 and held several roles in its fixed income trading business before becoming head of client relationship management a few years ago, Goldman Sachs trading co-heads Ashok Varadhan, Marty Chavez and Jim Esposito cited Bash-Polley as role model to women at Goldman and in the financial services industry in the memo, which was seen by Reuters..

(Reuters) - Verizon Communications Inc (VZ.N) said on Tuesday it is offering voluntary separation buyout packages to thousands of management employees in the United States. “It is a voluntary plan and offers employees three weeks’ pay for every year of service,” Verizon spokesman Jim Gerace said, without providing details on the number of employees who would be offered the plan. The move comes as the No. 1 U.S. wireless provider is trying to slash expenses and save $10 billion in costs by 2020.

(Reuters) - Arby’s-owner Inspire Brands Inc said on Tuesday it would buy Sonic Corp SONC.O for about $1.57 billion in cash, adding more than 3,600 drive-in restaurants to its portfolio that includes brands such as Buffalo Wild Wings and Rusty Taco, Sonic is the latest U.S, restaurant to be taken private, Zoe’s Kitchen was taken private by Mediterranean restaurant chain Cava last month, while NRD Capital took Ruby Tuesday private in October last year for about $335 million, The deal comes as Sonic battles intense pricing competition from bigger rivals such white mp3 player cufflinks as McDonald’s Corp (MCD.N) and Wendy’s Co (WEN.O), The company’s same-restaurant sales have fallen for at least the past two years..



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