Tag: Deutsche Bank

February 2, 2023

Deutsche Bank is preparing further job cuts to keep costs in check, with the focus likely to be areas outside the trading unit. Meeting expense targets in an inflationary environment will require a redoubling of savings efforts, including job cuts, […]

December 7, 2022

Together, the two firms aim to combine their expertise to develop applications that will improve risk management, boost efficiency and enhance customer service using Nvidia AI Enterprise, an end-to-end software suite for AI development and deployment. The partnership will also […]

October 18, 2022

The world’s biggest climate coalition for bankers says it has the right to ignore a proposal that would require members to phase out the financing of fossil fuels. Tracey McDermott, chair of the Net-Zero Banking Alliance, said in a letter […]

October 17, 2022

Vert is the only German provider that combines the two payment and banking services, “meeting market demand” for an integrated offering, Deutsche Bank says. The new platform also offers next-day banking-day pay outs, providing merchants with faster access to their […]

June 14, 2022

A U.S. judge on Monday said shareholders can sue Deutsche Bank for allegedly hiding shortfalls in its internal controls while doing business with risky, ultra-rich clients like the sex offender Jeffrey Epstein and Russian oligarchs. U.S. District Judge Jed Rakoff […]

May 31, 2022

Tuesday’s raid follows a probe the Securities and Exchange Commission (SEC) launched in August into allegations of greenwashing by DWS, The Wall Street Journal reported. That investigation came shortly after Fixler went public with allegations the asset manager misled investors […]

December 29, 2021

Germany’s finance watchdog fined Deutsche Bank 8.66 million euros ($9.8 million) over its handling of submissions for Euribor, a reference rate at the heart of a scandal that rocked the industry. The lender temporarily didn’t have effective systems and controls […]

September 23, 2021

Deutsche Bank is to acquire online payment platform Better Payment, to expand its market share in payment processing and acceptance. Over the next 12 months, the Berlin-based paytech’s technology will be integrated into the financial services giant’s product range. Deutsche […]

June 30, 2021

Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have all confirmed they’re making preparations to adopt the platform. Swift has recently rolled out a new roadmap for the platform, claiming it will allow banks “to […]

June 28, 2021

Deutsche Bank has seen head of group architecture, John Smith, depart to join IHS Markit. Smith arrived at Deutsche from NatWest Markets in March, but is headed out after less than four months. Once CIO at NatWest, Smith has a […]

June 25, 2021

The agreement will see Deutsche Bank upgrade its existing database systems and migrate the bulk of its Oracle Database estate to the cloud with Oracle Exadata [email protected]. Oracle says the move “will provide a dedicated platform to support and scale […]

June 22, 2021

Brookfield, Wisconsin-based Fiserv has been building up its Clover business ever since it acquired the business as part of its 2019 purchase of First Data. That combination enlarged Fiserv, making it the fifth-largest U.S. merchant payment acquirer last year, based […]

April 28, 2021

LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division. The bank vastly exceeded analyst expectations for net income of 642.95 million […]

March 22, 2021

The two firms are working on a “combination of complimentary capabilities” to create “new and innovative products and services”. A primary focus is on payment fraud prevention combined with the TIS cloud platform. It will “leverage the knowledge of all […]

January 19, 2021

Bitcoin and U.S. tech stocks are viewed by investors as the biggest market bubbles right now, according to a Deutsche Bank survey released Tuesday. The survey, which is based on responses from 627 market professionals between Jan. 13-15, found that […]

January 11, 2021

“Deutsche Bank engaged in a seven-year course of conduct, during which it failed to implement a system of internal accounting controls regarding the use of company funds and falsified its books and records to conceal corrupt and improper payments,” Robert […]

December 15, 2020

The prospect of moving teams to lower-cost areas isn’t new. Goldman Sachs, for example, has based staff in Salt Lake City since 2000. Dallas, too. And last week, it reportedly was considering moving its asset-management arm to South Florida. Executives […]

September 22, 2020

Deutsche Bank’s finance chief said on Tuesday that Germany’s biggest lender was working hard to prepare for a coming wave of mergers in the banking sector. “For Deutsche Bank DBK, +0.02%, we’ve been very focused on executing on our own […]

September 21, 2020

Bank shares were reeling Monday morning following a report charging that JPMorgan Chase (JPM) – Get Report, Deutsche Bank (DB) – Get Report and other financial services companies had defied money laundering crackdowns even after being fined by U.S. authorities. […]

July 9, 2020

New York state regulators says the bank had suffered “significant compliance failures”, processing hundreds of transactions for the late financier. Those included payments to Russian models and $800,000 in “suspicious” cash withdrawals. Deutsche Bank says it “deeply” regretted its relationship […]