New York Yankees' top prospects may be involved in Luis Castillo trade talks with Reds

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Reuters

WRAPUP 1-Europe’s banks flash some good news but downbeat on economy

European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year amid raging inflation, war and energy shortages. Deutsche Bank, the German lender in Europe’s largest economy, reported on Wednesday larger-than-expected profit for the second quarter that was helped by trading revenue in volatile markets and higher interest rates. But at the same time, Deutsche abandoned a cost target for 2022, threw doubt on its profit target and scaled back the outlook for its global investment banking division as dealmaking withers.