AP - Deutsche Bank AG, Germany's biggest, reported a 9 percent rise in second-quarter earnings on Tuesday as gains at its transaction banking and asset management operations helped counter a weaker investment banking performance.
Reuters - CIT Group , the commercial lender that last year emerged from bankruptcy, on Tuesday reported a quarterly profit that dwarfed analysts' estimates.
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NEW YORK (Reuters) - CIT Group , the commercial lender that last year emerged from bankruptcy, on Tuesday reported a quarterly profit that dwarfed analysts' estimates.


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AP - Britain's financial regulator has banned the former finance director of mortgage lender Northern Rock — the country's first major casualty of the global credit crunch — and fined him 320,000 pounds ($500,000) for misreporting figures on loan arrears.
Reuters - An auction of Ally Financial's Residential Capital has advanced into the second round, with some would-be buyers circling the assets, but a sale of the mortgage lender faces hurdles, sources familiar with the matter said.
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NEW YORK (Reuters) - An auction of Ally Financial's Residential Capital has advanced into the second round, with some would-be buyers circling the assets, but a sale of the mortgage lender faces hurdles, sources familiar with the matter said.


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AP - Ratings companies Fitch Ratings and Standard & Poor's placed AmeriCredit Corp. on rating watches Friday, one day after General Motors said it would acquire the subprime auto lender.
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Reuters - British lender Royal Bank of Scotland confirmed it had placed an order worth over $7.6 billion at list prices for 52 Airbus A320 family aircraft and 43 Boeing 737 family aircraft.
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Reuters - UAE lender Abu Dhabi Islamic Bank reported a 56 percent increase in second quarter profit as it recorded lower credit provisions, beating analysts' forecasts.
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ABU DHABI (Reuters) - UAE lender Abu Dhabi Islamic Bank reported a 56 percent increase in second quarter profit as it recorded lower credit provisions, beating analysts' forecasts.


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