As Brexit talks begin at Chequers with new PM Theresa May, it was perhaps ironically a European big player hogging the news limelight on Wednesday.
The chief at Deutsche Bank AG John Cryan roundly damped down speculation that the bank may be merging with rival Commerzbank.
Indeed, he told a conference in financial hub Frankfurt, Deutsche was looking to reduce its size and scale, not enlarge it.
Deutsche Bank, which runs Europe’s largest investment bank, has lost 42% of value this year after announcing thousands of jobs cuts last year and suspended dividend payments.
Notably, the Deutsche boss also said that the UK will remain Europe’s top financial centre over the next decade, according to Deutsche Bank’s chief executive John Cryan, despite fears in the City that the vote to leave the EU could be ruinous for the industry.
It was one of the hottest business stories on Google.
Elsewhere, as if Tesla's (NASDAQ:TSLA) huge gigafactory in Nevada to support electric cars wasn't enough, Samsung revealed it is to spend around US$358 million to build a factory in Hungary.
It will make battery cells for electric vehicles and will represent a European manufacturing hub for this burgeoning industry.
The factory is expected to start production in the second half of 2018.
In small cap world today, it was another tech firm Servision (LON:SEV), the CCTV monitoring specialist, blowing away competitors in the share stakes, up almost 36% on no released news.
Another well- followed company story today came from plastics maker Carclo plc (LON:CAR) today, which saw shares plunge over 12% to 137p as it revealed it will be unable to pay out its final dividend because of the likely reduction in its available distributable reserves.
Well followed oiler Gulf Keystone Petroleum Ltd (LON:GKP) was also in the frame today, with shares losing over a quarter of their value.
It has launched its open offer share sale to its existing shareholders.