Tag: Deutsche Bank

• Monday, March 27th 2023 - 10:20 UTC

  German Chancellor says “no reason to be concerned about Deutsche Bank”, system is stable and resilient

  

  German Chancellor Olaf Scholz said during an EU summit last Friday in Brussels that Europe's banking system is “stable” and “ solid”. The leaders of the Eurozone countries met with the head of the European Central Bank, ECB, Christine Lagarde, to discuss the potential fallsou of several major banks collapsing in the US and Switzerland.

• Monday, July 8th 2019 - 08:39 UTC

  Deutsche Bank plans to cut one in five jobs, some 18.000 employees

  

  Deutsche Bank plans to cut 18,000 jobs in a sweeping, €7.4 billion overhaul designed to turn around Germany's struggling flagship lender The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to compete as a major force on Wall Street.

• Monday, May 20th 2019 - 08:13 UTC

  Trump family companies and Deutsche Bank involved in “shady” transactions, claims New York Times report

  

  Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.

• Monday, March 18th 2019 - 08:39 UTC

  Germany's two leading banks considering a merger: government supports

  

  Germany's two biggest lenders, Deutsche Bank and Commerzbank, will hold formal talks about a merger. The announcement caps months of speculation that the two struggling banks would attempt to combine.

• Monday, April 9th 2018 - 08:22 UTC

  Deutsche Bank sacks Brit CEO amid continued losses

  

  Deutsche Bank has dismissed its British-born chief executive John Cryan amid continued losses at Germany's biggest lender. Co-deputy chief executive Christian Sewing will take over the role with immediate effect. Since Mr. Cryan began the job in 2015, there have been a series of scandals as well as three years of reported losses.

• Friday, February 2nd 2018 - 19:33 UTC

  UBS, HSBC and Deutsche Bank caught spoofing, and have to pay US$ 46.6m

  

  The US Department of Justice (DOJ) says it has charged eight individuals over allegations they “spoofed” or manipulated the futures markets for precious metals and share indexes. Separately UBS, HSBC and Deutsche Bank will pay a total of US$ 46.6m to settle spoofing charges against them.

• Thursday, December 7th 2017 - 07:38 UTC

  Special counsel subpoenas Deutsche Bank on President Trump's finances

  

  Special counsel Robert Mueller has issued a subpoena to Germany’s largest bank, in a possible sign the investigation into Russian election interference may be expanding toward the finances of President Donald Trump or other individuals under scrutiny by the special counsel.

• Tuesday, January 31st 2017 - 22:06 UTC

  Deutsche Bank fined in US and UK for helping Russians money launder

  

  Deutsche Bank has been fined US$630m by US and UK regulators in connection with a Russian money laundering plan. Under the scheme, clients illegally moved US$10bn out of Russia via shares bought and sold through the bank's Moscow, London and New York offices.

• Tuesday, September 27th 2016 - 08:07 UTC

  Deutsche bank in danger zone: shares down 50% this year and sliding

  

  Shares in Deutsche Bank were down sharply after a report that the German government won’t intervene with U.S. officials who are pressing the bank to pay US$14 billion to settle an investigation into its sales of mortgage-backed securities. The bank’s shares closed down 7.5% at 10.55 Euros on Monday after the Friday report from Focus magazine.

• Wednesday, August 10th 2016 - 05:42 UTC

  Stress tests expose weakness of EU banks, particularly Deutsche Bank

  

  Germany's Deutsche Bank had the highest potential capital shortfall, 19 billion Euros in a study of 51 European banks using U.S. Federal Reserve stress test methods, German economic research institute ZEW said.