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Latest in Tag: deutsche 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 …

Nihal Samir

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 Welle

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 Welle

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 Welle

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 …

Deutsche Welle

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 Welle

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 Welle

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 Welle

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 Welle

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 …

Nihal Samir

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. …

Deutsche Welle

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 …

Deutsche Welle

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 Welle

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 …

Deutsche Welle

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 Welle

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 Welle

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.

Deutsche Welle