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Deutsche Bank News
Deutsche Bank plans to pare US equities business to skeleton operation
Tue, Jun 18, 2019
Deutsche Bank plans to dramatically reduce the size of its US equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients.
Deutsche Bank set to announce merger talks with Commerzbank - Report
Sun, Mar 17, 2019
Formal disclosure of talks increases the chances of concluding a tie-up between the nation`s two largest banks. A merger has long been the subject of speculation and has been pushed for by the German government amid concerns about the health of Deutsche.
Deutsche Bank, Commerzbank CEOs resume talks over potential merger - Focus
Fri, Mar 08, 2019
Deutsche Bank and Commerzbank`s chief executives have resumed talks over a potential merger of Germany`s two biggest lenders, Focus magazine reported on Friday, citing people familiar with the matter.
Who is Ravneet Gill? New Yes Bank MD & CEO played cricket with Raghuram Rajan
Thu, Jan 24, 2019
In a major development in the Indian banking sector, Deutsche Bank India CEO Ravneet Singh Gill has been named the new MD and CEO of Yes Bank. Gill will assume the charge at Yes Bank from March 1.
Citigroup, Deutsche Bank face Australian court in landmark cartel case
Tue, Oct 09, 2018
Lawyers jammed into the courtroom in downtown Sydney for the first administrative hearing of the case, which could have major implications for the underwriting business and lead to increased scrutiny from regulators worldwide.
Deutsche Bank says net profit down 14 percent in second quarter
Wed, Jul 25, 2018
Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany`s largest bank restructures under new leadership.
Deutsche Bank says expects second-quarter profit above expectations
Mon, Jul 16, 2018
Deutsche Bank expects to report second-quarter pretax profit of about 700 million euros ($818 million) and net income of approximately 400 million euros, it said on Monday. Analysts on average expected a pretax profit of 321 million euros and net income of 159 million euros, Germany`s flagship lender said.
Deutsche Bank's U.S. operations deemed 'troubled' by Fed a year ago - WSJ
Thu, May 31, 2018
The United States Federal Reserve last year designated Deutsche Bank AG`s U.S. operations to be in "troubled condition", The Wall Street Journal reported on Thursday, citing people familiar with the matter.
Deutsche Bank axes at least 7,000 jobs in trading retreat
Thu, May 24, 2018
Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.
Deutsche Bank to cut nearly 10,000 jobs to put a cap on costs
Thu, May 24, 2018
Deutsche Bank said on Thursday it will reduce global staff levels to well below 90,000 from the current 97,000, as part of a broad restructuring to reduce costs and restore profitability. The bank said it would cut headcount by 25 percent in its equities sales and trading business following a review of the business.
Deutsche Bank picks retail specialist Christian Sewing as CEO
Mon, Apr 09, 2018
Sewing, a German national, will replace John Cryan, a Briton, as the bank seeks to strengthen its brand in its home market. Cryan had been in charge since 2015 and his mandate would have expired in 2020, but investors had lost faith that he could return the bank to profitability after three consecutive years of losses.
China startup NIO hires eight banks for up to $2 billion US IPO: Sources
Wed, Feb 28, 2018
NIO`s proposed IPO of $1 billion-$2 billion comes as the firm, founded by Chinese internet entrepreneur William Li in 2014, seeks fresh capital to finance its expansion and investments in areas including autonomous driving and battery technologies, one of them said.
Citi, Deutsche Bank, HSBC agree to pay $132 million to settle Libor claims
Fri, Oct 13, 2017
Govt looks to raise up to Rs 11,370 crore from state-run reinsurer GIC Re's IPO
Wed, Oct 04, 2017
State-run reinsurer General Insurance Corp of India`s (GIC Re) initial public offering of shares next week seeks to raise as much 113.7 billion rupees ($1.7 billion) in what will be India`s second-biggest IPO.
Adani at odds over royalty negotiations for Australian coal mine
Sun, Sep 03, 2017
Adani announced on Monday it would start work in October on the project using A$400 million ($319 million) of its own funds, even as it looks to lock in financing for the controversial mine.
US economy slowed less than expected in Q1; outlook cloudier
Sat, May 27, 2017
The US economy has slowed less than expected in the first quarter (Q1) and the softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter (Q2).
Britain set to lose 9,000 bank jobs as they plan to move due of Brexit
Mon, May 08, 2017
Last week Standard Chartered and JPMorgan were the latest global banks to outline plans for their European operations after Brexit.
26 companies want to collaborate with India Post Payments Bank
Mon, Mar 27, 2017
They can accept demand deposits only that is savings and current accounts and will initially be restricted to holding a maximum balance of Rs 100,000 per individual customer.
Deutsche Bank replaces US head Bill Woodley with equities manager Thomas Patrick: Sources
Tue, Mar 14, 2017
According to sources, Deutsche Bank is replacing its US chief Bill Woodley with the global head of its stock-trading business, Thomas Patrick and its Chief Executive John Cryan would personally look after expanding its US business, which has lost market share to Wall Street rivals.
Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion
Fri, Feb 10, 2017
Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson Nutrition for $16.6 billion which will help the company to increase its presence in developing markets