Deutsche Bank was hit by an embarrassing IT glitch over the weekend that left some German customers unable to withdraw money.
German paper Handelsblatt reported that some customers were unable to get cash out on Saturday after technical problems at the bank. Deutsche Bank told the paper that it was "a short breakdown" and only "a few customers" were affected, the paper says.
Deutsche Bank concerns just went to '11' as Bloomberg reports a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender, a sign of counterparties’ mounting...
Since the financial crisis, regulators have created breathing space if lots of Deutsche Bank’s varied customers decide to withdraw their money.
BERLIN (Reuters) - Deutsche Bank's retail banking chief Rainer Neske will resign because he opposes the lender's restructuring program, Handelsblatt reported on Monday, citing unnamed sources in the finance industry. Deutsche Bank's...
Deutsche Bank is counting on private wealth management to hit its 10 billion euro target in 2011, the German financial daily Handelsblatt reported.