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The Group operates through five corporate divisions: Corporate Banking & Securities (NYSE:DB), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Businesses Unit (NCOU).

The bank has announced its intention to exit certain countries but not yet said which.

Buffett runs a very diverse set of businesses that are all independently controlled through a single parent company.

The U.S. central bank, which is expected to lift rates in September, said the economy had overcome a slowdown in the first quarter and was “expanding moderately”.

June’s unemployment rate of 5.3% continued a steady drop to pre-recession levels, but inflation continues to run below the Fed’s 2% target. And if the Fed doesn’t hike in 2015, 59 percent believe it will be due to declining inflation.

Tesla Motors (NASDAQ:TSLA) traded down more than 4% Wednesday afternoon as another analyst downgrade hit the stock.