Shares of Deutsche Bank struggled for gains in New York trade Friday after a Dow Jones report, citing a source, that the German government has ruled out support for the bank if it were to issue new stock.
Deutsche Bank has a truly global reach. Throughout the world, the bank active in many markets, economies and financial sectors. But despite its size, focus and purpose flows through the organization. Many voices, many cultures, many disciplines, many ways of looking at the world. One clear vision. Deutsche Bank is diverse in the widest sense of the word.
A massive cost-saving drive.
Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the possible impact of a U.S. fine.
'It’s a very drastic step'.
UBS has hired Darren Novak, a managing director at Houlihan Lokey, in its New York office to advise companies on how to defend themselves against activist investors, a spokeswoman for UBS said on Wednesday.
The Securities and Exchange Commission has announced that Deutsche Bank Securities has agreed to pay a $9.5m penalty for failing to properly safeguard material nonpublic information generated by its research analysts.
Deutsche Bank's investors are not the only ones who want a swift settlement on the US Department of Justice fine, as German officials have today spoken out calling for a deal to be done.
France's President Francois Hollande has accused the US of double standards in throwing multi-billion euro fines at European banks while complaining about European Commission investigations into US companies.
Fighting back ?
Deutsche Bank's Asia Pacific wealth management head Ravi Raju is leaving to join UBS, a source with direct knowledge of the move told Reuters on Tuesday, the latest senior departure from the bank in the region.
'It will hit areas where the bank is making no money'.
Nick Taylor, BNP Paribas’s head of credit trading for central and eastern Europe, the Middle East and Africa, is leaving the bank, according to a person with knowledge of the matter.
A change in the currency trade winds this year has taken a tough toll on Deutsche Bank as it fights to dispel worries about its overall stability.
Sad to report.
Deutsche Bank has agreed to pay $38m to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday.
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Deutsche Bank has announced that Nadine Faruque, 53, will join as Global Head of Compliance on December 1.
Deutsche Bank has hired Steven F. Reich, a former official at the U.S. Department of Justice and attorney for former President Bill Clinton, as its general counsel for the Americas as the firm seeks to resolve legal probes.
Deutsche Bank will fundamentally change its group and leadership structure. At an extraordinary meeting today in Frankfurt, the Supervisory Board of Deutsche Bank resolved to restructure the Bank´s business divisions.
Deutsche Bank should shrink its securities business and eliminate more jobs to help lower costs further, according to some of the bank’s largest investors.
It's been a month since the first mention of reports that Deutsche Bank would have to stump up $14 billion to settle with the U.S. Department of Justice (DOJ).
Credit Suisse has hired Edwin Yeung from HSBC to set up a U.S. and European credit trading desk in Hong Kong.