Last week we commented on the latest travesty in the legal system when Deutsche Bank paid $2.5 billion to settle charges that it had manipulated LIBOR, EURIBOR and various other -BORs. As usual in situations such as this one, not a single...Show More Summary
Mr. Cormier, a specialist in taking companies public, is joining the bank from Deutsche Bank.
Morgan Stanley says it could lose $292m in a lawsuit filed by Deutsche Bank over subprime mortgages. ||| New York - Morgan Stanley warned on Monday it could lose $292 million in a lawsuit filed by Deutsche Bank over subprime mortgages. Show More Summary
Housing supply is incredibly tight. Deutsche Bank economist Torsten Slok highlighted the chart below in his housing chartbook for May showing that rental vacancy rate has not been this low in at least 20 years. This tight supply, coupled...Show More Summary
Last week, Deutsche Bank agreed to pay $2.5 billion (or around $25,000 per employee) in connection with its role in manipulating LIBOR, EURIBOR, and a few other -BORs. Incidentally, the settlement also gave the world a window into just...Show More Summary
The US wage growth debate comes to a head on Thursday with the release of the Q1 employment cost index (ECI) report at 8:30 p.m. ET. "The ECI often is considered the best overall measure of labor costs because it includes other forms...Show More Summary
The Saatchi Gallery announced this year?s Saatchi Gallery/ Deutsche Bank Art Prize for Schools exhibition which will take place from 29 April ? 4 May and will showcase artwork by 20 shortlisted students. The Saatchi Gallery/ Deutsche...Show More Summary
Or Goldman Sachs, even though it wants to be.
Deutsche Bank announced sweeping organization-wide changes aimed at cutting costs, improving profitability and ensuring a sustainable business model – putting an end to months of speculation about the future of the German bank. The bank...Show More Summary
Deutsche Bank's director of investment banking and two top experts at IP presentations share insights.
By Thomas Atkins MUNICH (Reuters) - Deutsche Bank co-chief executive Juergen Fitschen went on trial on Tuesday accused of giving misleading evidence in connection with the collapse of the Kirch media empire in a case that could prove a major distraction for a bank pursuing a strategic revamp. Show More Summary
By Thomas Atkins and Kathrin Jones FRANKFURT (Reuters) - A radical plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the modelShow More Summary
``Unfortunately, the EU has chosen to pursue its own investigation into Libor & Euribor manipulation, which is not yet complete. The slower pace of the EU investigation has undermined the NY DFS's attempts to ensure that everyone involved in rate manipulation is "terminated and banned" from employment in financial markets... Show More Summary
On Monday Deutsche Bank released its plan to shrink itself down to a manageable, profitable size, and from Wall Street's perspective, it's a long time in coming. Deutsche Bank announced plans to reduce leverage by €200 billion and streamline other operations on Monday. Show More Summary
Greece may demote finance minister Yanis Varoufakis in talks; Deutsche Bank to cut $3.8 billion in costs; Flash Crash investigators probably missed a lotta clues; "Teen Suspended For Bomb-Themed 'Promposal' Calls Punishment 'Racist'"; and more.
Exiting Postbank, and cutting 200 bln euros of investment bank assets and 3.5 bln euros of costs, is what the German lender needs. A 5 pct leverage ratio goal is also higher than expected, raising the bar for European rivals. But it means investors face a wait for decent returns.
Banking giant has struggled to maintain the profits investors want to see while meeting regulatory demands and reducing overhead costs
Here is what you need to know. Legal costs weighed on Deutsche Bank. The bank announced as net profit of 559 million euros. Legal expenses amounted to 1.5 billion euros ($2.5 billion), with Reuters reporting it "raised contingent liabilities...Show More Summary
Bank announces results of long-awaited strategic review, lowers full-year guidance.
Bank flags cost cuts of around €3.5 billion amid strategic shift, following slump in profit.