Sunday, 17 October 2021

Tag Archives: Deutsche Bank

Deutsche Bank took years to flag suspect Danske money flows

FRANKFURT/TALLINN: Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions at Danske. Deutsche sent alerts about the suspect money flows involving the Danish bank ...

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Deutsche Bank bigger than forecast quarterly loss

FRANKFURT: Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion) because of major costs stemming from its efforts to reshape its business. Deutsche Bank had earlier this month flagged it would lose around 2.8 billion euros in the quarter when it announced a restructuring ...

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Deutsche Bank shares rise as 18,000 global job cuts begin

Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts in Asia. The lender announced the job losses on Sunday as part of a restructuring plan ...

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UBS chairman says no merger on the agenda

BERLIN: Swiss bank UBS is not looking to merge with any other bank, Chairman Axel Weber told the Tages-Anzeiger newspaper amid speculation that UBS could join forces with Deutsche Bank. “Every company has to think things over, but it makes little sense to consider mergers at group level now. These ...

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Deutsche Bank Americas head expected to leave

FRANKFURT: Deutsche Bank’s head of the Americas, Tom Patrick, is likely to leave the bank, possibly by the end of the year, two people with knowledge of the matter said on Wednesday. The change comes as Germany’s largest lender restructures its US business and struggles with regulators. A US-based spokeswoman ...

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Deutsche Bank, Commerzbank increasingly open to merger

BERLIN: Executives of Deutsche Bank and Commerzbank are increasingly open to the idea of a merger of Germany’s two largest banks, magazine Der Spiegel reported on Tuesday. It cited one person as saying that Commerzbank Chief Executive Martin Zielke “would rather do it today than tomorrow”, but that new Deutsche ...

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