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The article discusses the German lending bank Deutsche Bank's replacement of its chief executive officer John Cryan with Christian Sewing. The role that the financial loss and lack of profit of Deutsche Bank played in the replacement of Cryan is discussed.

The article reports that the board of directors of the French bank Societe Generale took no action on the offer to resign made by Chief Executive Officer Daniel Bouton, leaving him in his position. Anonymous sources indicated this decision may be a temporary one. Bouton is under pressure to resign due to the $7 billion in losses created though the fictitious stock trades of bank traded Jerome Kerviel.

The article focuses on the quarterly earnings report of Citigroup for the third quarter of 2007, which will be announced on October 15, 2007. Losses in the bank's investment banking unit due to losses in mortgage-backed securities have already prompted a shakeup of that department by Citigroup Chief Executive Officer Charles O. Prince. Analysts and investors also expect poor results from Citigroup's consumer financial services units, and wonder if the company will make more changes.

Reports that UFJ Holdings, the Japanese bank, posted a loss for its fiscal first half. Financial information; Efforts to reduce its bad loans ahead of a planned takeover by the Mitsubishi Tokyo Financial Group; Analysts' expectation of a loss; Views of industry experts; Outlook for a net loss for the year; Comments of UFJ's president, Ryosuke Tamakoshi; Decline of the bank's corporate lending due to Japan's economic slump.