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Deutsche Bank News

21 Feb 2024

Deutsche Bank Introduces New Work-From-Home Policy For Its Employees; Read

The bank has decided that employees must work from the office on Fridays and the following Mondays.

07 Jul 2020

Deutsche Bank fined $150 million for ties with sex offender Jeffrey Epstein

The New York State Department of Financial Services said on Tuesday that the agreement marks the first regulatory enforcement action against a financial institution for dealings with Epstein, the registered sex offender who committed suicide last August.

08 Jul 2019

Axe falls on 18,000 Deutsche Bank jobs in USD 8.3 billion reinvention

In a retreat from a decades-long ambition to make its struggling investment bank, which employs 38,000 people, a force on Wall Street, Deutsche Bank said on Sunday it would scrap its global equities operations and cut some in fixed income.

24 Jan 2019

Ravneet Gill to succeed Rana Kapoor as MD and CEO of Yes Bank

The private sector bank also posted a 7 percent fall in third-quarter net profit as it set aside higher provisions.

06 Nov 2018

Deutsche Bank, HCL Technologies partner to digitise cheque processing ops

Through advanced data analytics, the bank will enable its corporate and institutional clients to use data generated out of the platform, to better manage business flows and working capital.

16 Apr 2018

ECB asks Deutsche Bank to gauge investment banking exit costs: Source

Germany`s biggest lender has been calculating the financial effects of a potential move to quit investment banking for some time, and the move is not related to the switch in Deutsche Bank`s top management position last Sunday when retail banking expert Christian Sewing was appointed to replace chief executive John Cryan.

09 Apr 2018

Deutsche Bank picks retail specialist Christian Sewing as CEO

His promotion comes as the bank and its major shareholders debate the path forward for Deutsche`s investment banking unit, where revenues have slowed and key staff defected.

19 Feb 2018

Deutsche Bank to cut up to 500 investment banking jobs: Report

Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

06 Dec 2017

White House denies Trump bank records subpoenaed

The White House has denied that President Donald Trump's financial records had been subpoenaed from Deutsche Bank by the special prosecutor examining allegations of Russian election meddling.

05 Dec 2017

US prosecutor demands information on Donald Trump from Deutsche Bank: Reports

US special prosecutor has subpoenaed Deutsche Bank for information on Trump's dealings, according to media reports.

12 Sep 2017

After roads and railways, China's Silk Road agents eye financial firms

After ports and industrial parks, the dealmakers leading China`s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe`s banks, insurers and asset managers to tap funds and expertise.

12 Sep 2017

After roads and railways, China's Silk Road dealmakers eye financial firms

After ports and industrial parks, the dealmakers leading China`s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe`s banks, insurers and asset managers to tap funds and expertise.

06 Sep 2017

Deutsche Bank CEO calls on ECB to change course

Cryan said Frankfurt is the most natural location as a financial hub as banks move from London after Britain`s decision to leave the European Union.

SoftBank Group Corp

06 Jul 2017

SoftBank aims to raise $3 billion-$5 billion via bond issue

SoftBank Group Corp is targetting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans.

China's Belt and Road

31 May 2017

Deutsche Bank to support China's 'Belt and Road'

Deutsche Bank, Germany's biggest lender, said on Wednesday it would support three billion dollars' worth of development projects in partnership with China Development Bank (CDB).

26 May 2017

US economy grows at tepid 1.2%; business spending softens

The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

State Bank of India

26 May 2017

SBI set to hire six banks for up to $2.3 billion share sale

State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to manage a share sale of up to 150 billion rupees.

24 May 2017

OPEC set to prolong oil output cuts by nine months

OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

Adani Enterprises

13 Mar 2017

Adani Enterprises applies to Australian govt fund for coal mine railway financing

India`s Adani Enterprises has applied for financing from an Australian infrastructure fund to build a rail line that is part of a $16 billion coal project in the state of Queensland, Australia`s resources minister said on Monday.

03 Feb 2017

Sanjeev Sanyal appointed Principal Economic Adviser in FinMin

Government on Friday appointed noted economist Sanjeev Sanyal as Principal Economic Adviser in the Ministry of Finance.

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