Labour representatives at Germany’s largest lender have pushed for the resignation of co-chief executive Anshu Jain. ||| Frankfurt - Labour representatives at Deutsche Bank's Frankfurt headquarters called on Thursday for the resignation of co-Chief Executive Anshu Jain as Germany's largest lender prepares to slash jobs. Show More Summary
FRANKFURT (Reuters) - Labor representatives at Deutsche Bank's Frankfurt headquarters called on Thursday for the resignation of co-Chief Executive Anshu Jain as Germany's largest lender prepares to slash jobs. The works council representing...Show More Summary
Wall Street banks have been able to escape any real penalty for wrongdoing, but for one S.E.C. commissioner, the line has finally been crossed.
As the farcical negotiations between Greece and its creditors unfold ahead of a June 5 IMF payment and as Alexis Tsipras is forced to spread false hope just to avoid a terminal bank run, a picture of the Greek endgame has emerged. We’ve...Show More Summary
Women with cloud computing skills appear to be in high demand in Silicon Valley. A group of quant researchers at Deutsche Bank analyzed a database of several million job listings from job search engine LinkUp. They found various interesting...Show More Summary
Back in late 2012 it came to light that Deutsche Bank may have hidden more than $10 billion in crisis-era paper losses on derivatives deals the bank struck with Canadian issuers of asset-backed commercial paper. Essentially, the bank...Show More Summary
LONDON (Reuters) - European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup grabbed business, according to widely watched industry rankings. Show More Summary
Three SEC whistleblowers have been proven right in charging Deutsche Bank with misreporting its biggest derivatives risk,. the bank, predictably, looks to have gotten off easy.
For the most part, the emerging markets aren't looking so hot right now. "EM economies are failing to gain traction in a context of subdued global growth and uncertainty around Fed rate hikes," according to Deutsche Bank research. The...Show More Summary
Which, relatively speaking, is basically like not paying a fine at all.
US regulators slap German bank for misstating important data on loss risks during GFC.
Market complacency has re-emerged, warns Deutsche Bank's David Bianco. His preferred measure of this is the PE / VIX ratio. (PE is short for price-earnings, a measure of stock market value. The VIX is the CBOE volatility index, a rough...Show More Summary
The bank agrees to pay $55 million to settle allegations that its “inadequate internal accounting controls” violated federal securities law.
Ocado, the online grocer that resembles a food version of Amazon, has revenues of nearly £1 billion ($1.5 billion) in Britain and could be just as success in the US through partnership deals, says Deutsche Bank. The bank's analysts Karen...Show More Summary
More than merely a subjective, psychological state, the complacency of market participants can be effectively quantified, which is precisely what Deutsche Bank's David Bianco has done by looking at the ratio of the market's P/E to implied vol or VIX. Show More Summary
Guy loses $15 billion; IMF thinks things are looking up for Russian economy; Deutsche Bank heads feel serious hate; "Man Strips Naked in Protest After Being Bumped From Jamaica-Bound Flight"; and more.
Anshu Jain, one of the lender’s chief executives, acknowledged that it had taken longer than expected to overcome problems amid calls for him and another top executive to step down.
German lender seeks shareholder support amid efforts to overhaul its business culture.
FRANKFURT (Reuters) - Deutsche Bank’s two chief executives faced down a storm of shareholder criticism on Thursday by conceding that their performance had fallen short and asking the bank’s owners for continued backing as they cut costs and reshape strategy. Show More Summary
FRANKFURT (Reuters) - Deutsche Bank reshuffled its management board late on Wednesday, consolidating restructuring authority under co-Chief Executive Anshu Jain while bidding farewell to its retail banking head Rainer Neske. The bank...Show More Summary