Deutsche Bank: Is Egypt the new darling of emerging markets?
Economic growth will continue despite shock of COVID-19 pandemic
Latest in Tag: deutsche bank Highlight
Latest in Tag: deutsche bank
Deutsche Bank expects US dollar to reach EGP 15.5 by June, EGP 15 by December
Bank expects inflation to continue declining to single digits this year
Egypt provides attractive investment opportunity to foreign asset managers for higher returns: Head of Deutsche Bank Egypt
It is important to launch initiatives promoting local assets to support government’s IPO programme, says Shehab
As Egypt’s reforms almost come to an end, Deutsche Bank foresees growth picking 5.9% in FY 20, EGP, private consumption strengthening
Institutional weaknesses, unfavourable external backdrop may weigh in on growth, inflationary pressure to rise, says the bank
CBE to cut interest rate in March: Deutsche Bank
The Central Bank of Egypt (CBE) will cut interest rates next March, Deutsche Bank said in a research note. The bank also forecasts that the CBE is inclined to cut interest rates by 100 basis points next March, Enterprise reported. Deutsche Bank also expects that the CBE will keep interest rates unchanged in the first …
Opinion: What's to become of Deutsche Bank?
A little over a year until its 150th anniversary, Germany’s biggest lender is facing trying times. Still struggling to emerge from the financial crisis, Deutsche Bank can’t find a cure to its ills, says Henrik Böhme.The picture Deutsche Bank presents these days is sad indeed. Among the 30 blue-chip companies listed in the DAX stock …
Deutsche Bank's 5 biggest scandals
Espionage, money laundering and interest rate scams. Germany’s biggest lender has a global reputation for scandal – and has paid hefty fines and expensive settlements to make up for its wrongdoings.Police in Frankfurt raided six offices of the country's largest moneylender, Deutsche Bank, on Thursday, following allegations of facilitating and failing to report money laundering. …
Deutsche Bank likely to lose big Chinese shareholder HNA
Chinese conglomerate HNA looks set to sell off its remaining stake in Germany’ largest lender, Deutsche Bank. HNA has been under mounting pressure to rethink investments in order to reduce its massive debts.Shares in Deutsche Bank tanked more than 3 percent in midday trading to close down 1.45 percent Friday after media reports that major …
Deutsche Bank moves some operations to Frankfurt as Brexit risks bite
Germany’s largest lender has moved a significant chunk of its financial services euro-clearing operation away from London to Frankfurt, as concerns over the City’s post-Brexit strength continue.Deutsche Bank has moved a chunk of its euro-clearing activities from London to Frankfurt, according to a report in the Financial Times newspaper. The London-based LCH previously dominated the …
Troubled Deutsche Bank announces surprise bump in profits
Germany’s biggest lender has surprised the market by announcing projected profits of around €700 million for the second quarter of 2018. The bumper results come nine days ahead of the release of their earnings report.Germany’s biggest bank, Deutsche Bank, is expecting significantly higher profits than predicted for the second quarter of 2018. In the period …
Deutsche Bank admits huge unintended transfer
Germany’s biggest lender has admitted to a massive erroneous transaction. Although the blunder didn’t cause any damage as it was detected early enough, it raised fresh questions about the lender’s risk management.Deutsche Bank confirmed on Friday it had transferred €28 billion ($34 billion) by mistake in a routine transaction made before Easter. Luckily, the bank …
Deutsche Bank VP Christian Sewing set to take over as CEO
Deutsche Bank (DB) is expected to oust British CEO John Cryan and replace him with the German head of the private and commercial banking division. Germany’s biggest lender has experienced three years of losses.The German weekly news magazine Der Spiegel and business newspaper Handelsblatt said that 47-year-old Christian Sewing would be taking over in May …
Deutsche Bank seeking to replace CEO John Cryan, suggests report
Germany’s biggest lender is looking to eject its CEO amid intensified boardroom tension due to the inability of the scandal-hit institution to put an end to its long list of troubles, the Times newspaper reports.Deutsche Bank is seeking to replace its chief executive John Cryan as a result of an escalating row between the CEO …
Deutsche Bank, BNP Paribas, Intesa Sanpaolo, Standard Chartered to arrange issuance of eurobonds this FY: El-Garhy
Minister of Finance Amr El-Garhy announced, in a press statement on Monday, that four European banks were selected to promote and arrange the issuance of euro-dominated bonds this fiscal year (FY), adding that these banks are Deutsche Bank, BNP Paribas, Intesa Sanpaolo, and Standard Chartered. These banks are to issue euro-denominated bonds worth between €1bn …
Opinion: Deutsche Bank — will it ever get any better?
Again, there is no good news from Deutsche Bank. This time it’s Donald Trump’s fault, but that alone is not a good enough excuse. The bank needs to have a major revamp — and soon, says Henrik Böhme.For Volkswagen, it’s exhaust emission tests on monkeys. For Deutsche Bank it’s bonus payments for its investment bankers. …
Investment Minister discusses with Deutsche Bank encouraging German funds to invest in Egypt
Deutsche Bank’s mission expressed the bank’s optimism about the economic reforms taken by the Egyptian government
Egypt is staying the course: Deutsche Bank
Egyptian authorities reached staff-level agreement with IMF on first review under $12bn EEF, says the Deutsche Bank Markets Research
Democrats want Deutsche Bank info on Trump accounts
US Democrats have asked German lender Deutsche Bank to provide detailed information about the loans it provided to Donald Trump when he was not yet US president and whether they were guaranteed by Russia.Democrats on the US House Financial Services Committee said Wednesday they’d asked Germany’s Deutsche Bank to provide information on whether any accounts …
China’s HNA now largest Deutsche Bank shareholder
Chinese financial services conglomerate HNA has become the top shareholder in Germany’s biggest lender, Deutsche Bank. The group did not appear to seek a strategic role despite owning shares worth billions of dollars.China’s HNA Group raised its stake in Deutsche Bank to nearly 10 percent, the “Financial Times” reported Wednesday, thus becoming the largest shareholder …
Deutsche Bank in huge profit jump
Deutsche Bank has surprised investors with a hefty surge in earnings in the first quarter. Germany’s largest lender noted the result came amid deep restructuring after a series of scandals that had hit its reputation.Deutsche Bank on Thursday reported a staggering 143-percent year on year rise in bottom-line profit for the first three months of …
Germany’s DAX hits all-time high on France, Ifo index
Germany’s blue-chip share index has surged to a record as investors were relieved by the success of French presidential candidate Emmanuel Macron
Deutsche Bank picks news London headquarters
Germany’s biggest lender, Deutsche Bank, has chosen a new office for its London headquarters. Policymakers viewed the move as a vote of confidence in Britain’s capital despite the country’s decision to leave the EU.Germany’s Deutsche Bank revealed Friday it had picked a site for its new British headquarters. The lender entered into exclusive negotiations with …
Deutsche settles another of its myriad lawsuits
Germany’s biggest lender, Deutsche Bank, has agreed to pay a fine of close to a hundred million dollars to settle a fraud case in connection with the bank’s use of a US shell company to avoid paying taxes.Preet Bharara, the US attorney for the Southern District of New York, announced Wednesday that Deutsche Bank had admitted to its actions designed to avoid taxes and agreed to pay $95 million (89.8 million euros) to the United States to account for this conduct.
Deutsche Bank looks to recover bosses’ bonuses
Germany’s biggest lender reportedly plans to withhold millions in bonuses for former board members and demand the repayment of existing bonuses.
Deutsche Bank surprises with first profit in months
Germany’s biggest commercial lender has posted an unexpected profit in the third quarter as it struggles to avoid a multi-billion dollar fine in the US and amid nagging doubts about its capital reserves.
The transformation and decline of Deutsche Bank
Shares of Deutsche Bank and Credit Suisse have been dropped from the prestigious Stoxx Europe 50 share index. Is European banking in decline? And if so, what are the factors that led to its current parlous state?
Opinion: The downfall of an institution
The once-proud Deutsche Bank is now threatening the global financial system. Things keep getting worse and worse, though Brexit offers a tiny glimmer of hope, writes DW’s Henrik Böhme.
Deutsche Bank, Santander fail US stress test
Deutsche Bank, Santander have repeatedly failed the test in the wake of the 2008 financial crisis. But Deutsche Bank USA’s chief executive assured the public that its capital adequacy has “never been in doubt.”
Soros in huge bet against Deutsche Bank
Bank shares have been hit hard since the UK’s Brexit referendum. Two hedge funds homed in on Germany’s Deutsche Bank – betting huge sums of money on the large lender’s stock price dropping further.
Six former Deutsche employees convicted of fraud
A court has found six former Deutsche Bank employees guilty of enabling tax fraud within the carbon emissions certificate trading scheme. One of the bank’s former employees has received a three-year jail sentence.