On March 10th, Congresswoman Maxine Waters, the ranking Democratic member on the House Committee on Financial Services, wrote a letter with four other Democrats to Congressman Jeb Hensarling, the Republican chairman of that committee, the contents of which would have been considered extraordinary in a less chaotic and febrile political atmosphere. The letter began:
With rumblings growing about a possible Washington shutdown on April 28 when the current continuing resolution expires, Deutsche Bank's Washington expert Frank Kelly yesterday hosted a client call on the political implications of last...Show More Summary
And also that banking will still be done in London.
The curse-slayer vs. the Pope, bacon vs. tacos, Messi cocaine vs. the authorities
Back in the summer of 2015, Deutsche Bank mistakenly paid $6 billion to a hedge fund client by mistake in a “fat finger” trade on its foreign exchange desk. The embarrassed bank recovered the money from the US hedge fund the next day,...Show More Summary
LONDON — Deutsche Bank is bucking the trend among international investment banks and committing to London despite the looming Brexit. The German bank is in talks to move to a new headquarters near Moorgate in 2023. Sky News first reported...Show More Summary
First Deutsche Bank, now Credit Suisse: according to Bloomberg, the second largest Swiss bank, is also preparing to take advantage of euphoric markets and is considering selling stock valued at more than 3 billion Swiss francs ($3 billion) as it seeks to boost capital levels. Show More Summary
Deutsche Bank predicts 95 percent to 96 percent of cars in 2025 will still use internal combustion engines.
John Cryan won't have to spend the bank's final few pfennigs on a class-action mortgage settlement.
Deutsche Bank, the German bank that loaned $300 million to Donald Trump, was part of a global money laundering scheme (dubbed “the Global Laundromat”) led by Russian criminals, the Guardian reports. Between 2010 and 2014, Deutsche Bank and dozens of financial institutions processed “at least $20...
In fairness, a fine at the end of a U.S. criminal inquiry may actually be the best news the Germans have heard in months.
Even with all the seemingly never-ending political hoopla, i nvestors are feeling pretty optimistic. In a recent note to clients, Deutsche Bank's Chief International Economist Torsten Sløk shared a chart showing that markets are currently...Show More Summary
Deutsche Bank is opening the door to Wall Street startups. The German bank, which is one of the last big financial firms to be based in the historic heart of New York finance near Wall Street, has opened a new innovation lab in the area...Show More Summary
Challenger 2016: The Deutsche Bank Experience.
After raising capital at a 35% discount over the weekend, Deutsche Bank shares are tumbling once again - back into the red for 2017 - after CEO John Cryan warned that revenue would be "broadly flat" in 2017. As Bloomberg reports, Germany’s biggest bank has seen revenue falling or little changed from last year across most of its businesses. Show More Summary
Deutsche Bank is getting more creative; apparently there was a Trump rally; gigantic swastikas brighten Phoenix's skyline; and more.
On Friday, we summarized research reports from Deutsche Bank and Bank of America, which came to the same conclusion: the fate of the global economic rebound may be in the hands of the Chinese housing bubble, which through price appreciation...Show More Summary
Two weeks after Deutsche Bank first announced it would raise €8 billion in capital as part of a comprehensive restructuring, the German lender on Sunday announced the terms of its upcoming massive dilution. In a nutshell, Deutsche Bank...Show More Summary