Venezuela really wants its gold back. REUTERS/Beawiharta Redeem now Venezuelan officials are reportedly in London to meet with senior Bank of England staff over gold repatriation. Venezuela is seeking to take back 16.5 tons of gold reserves held in the Bank of England's vaults. Venezuelan finance minister Simon Zerpa and central bank governor Calixto Ortega Sanchez are set to meet Bank of England deputy governor Dave Ramsden on Friday, according to reports. Britain's central bank is seeking...

Thomas Borgen. Thomson Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The CEO of Denmark's largest bank has stepped down over an Estonian money-laundering scandal. Thomas Borgen resigned after an investigation into the scandal, which affected as much as 200 billion euros' worth, or $234 billion worth, of transactions. Danske Bank has identified 6,200 customers who may have been involved in suspicious activity undertaken via its...

One of the top shareholders in Deutsche Bank is reportedly planning to sell its entire stake in the lender. Chinese conglomerate HNA is reportedly selling the stake in Germany's largest lender as part of an effort to refocus on its core business after several years of investing heavily in overseas businesses. The move comes as Deutsche Bank undergoes a major restructuring under new CEO Christian Sewing. You can track Deutsche Bank's share price at Markets Insider. One of Deutsche Bank's...

AP Photo/Schalk van Zuydam A referendum in Switzerland could fundamentally change the country's monetary system. The vote will be on the introduction of the sovereign money initiative, which aims to end fractional reserve banking in Switzerland. A fractional reserve banking system allows lenders to electronically create money to lend to borrowers. The Vollgeld Initiative seeks to restrict banks from lending more than the amount of deposits they have on the books, ending their money creation...

One of Deutsche Bank's most senior executives said that bank accounts could be obsolete within 15 years. Marcus Schenck, Deutsche's co-head of corporate and investment banking, said that a recent trip to China had opened his eyes to the fact that the retail banking sector is rife for disruption, "There's a thesis that at some stage in 5, 10, 15, 20 years — who knows — accounts will disappear, and be replaced," he said. LONDON — Marcus Schenck, one of the most senior executives at Deutsche...