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Tag: Deutsche Bank


Capital and Risk, Liquidity

Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say

January 19, 2021

Via: CNBC

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 […]


Regulations

Deutsche Bank to pay more than $130M to settle anti-bribery, spoofing cases

January 11, 2021

Via: Banking Dive

“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 […]


Activity, Investment Banking

Deutsche could scatter half of its New York staff within 5 years, exec says

December 15, 2020

Via: Banking Dive

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 […]


Activity, Corporate Banking

Deutsche Bank preparing for a wave of European bank mergers, CFO says

September 22, 2020

Via: Market Watch

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 […]


Activity, Investment Banking

JPMorgan and Deutsche Bank Named in Money Laundering Report

September 21, 2020

Via: TheStreet

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. […]


Regulations

Deutsche Bank faces $150m fine for Jeffrey Epstein ties

July 9, 2020

Via: Banking Technology

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 […]


Activity, Corporate Banking

Deutsche Bank to create new international private bank

June 15, 2020

Via: Banking Technology

The bank hopes to target 3.4 million clients through the new entity, merging its global wealth management clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and small and medium-sized enterprises (SMEs) […]


Activity, Investment Banking

Citi’s Proxymity lands $20.5m from HSBC, JP Morgan and Deutsche Bank

May 6, 2020

Via: Banking Technology

The fresh capital comes from eight heavy weight investors including Citi, Deutsche Bank, HSBC, JP Morgan, State Street, Clearstream, and Computershare. All eight investors are in the fintech’s newly created consortium. The fintech says it will use the backing to […]


Uncategorized

Deutsche Bank signs 2028 contract extension for Avaloq tech

April 28, 2020

Via: Banking Technology

The contract covers Deutsche Bank’s wealth management businesses in six countries – Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong – and is one of Avaloq’s largest business process outsourcing (BPO) projects. “Wealth Management is a key growth […]


Channels

Deutsche Bank joins forces with wealth management software firm Qplix

March 9, 2020

Via: Finextra

Under the deal, Deutsche Bank’s wealth management business will provide family offices and asset manager users of its Deutsche Private Port digital investment office with access to Qplix’s platform. Starting in Germany, the Qplix software will serve as the basis […]


Activity, Corporate Banking

Goldman Sachs Agents $1.75B L/C for WeWork

February 12, 2020

Via: ABF Journal

WeWork closed a new $1.75 billion senior secured letter of credit facility. Goldman Sachs is the administrative agent of the new facility. Goldman Sachs, Citibank, DBS Bank, Deutsche Bank, Mizuho, Natixis and Société Générale participated in the syndication as joint […]


Uncategorized

Deutsche Bank renews partnership with SimCorp to deliver fund services across Asia Pacific

February 7, 2020

Via: Finextra

Deutsche Bank’s renewal agreement will cover 12 markets and will support its growth in the region which converges with the Asian asset management industry’s ‘hyper growth’, set to reach USD 112 billion by 2025*. Through this partnership, Deutsche Bank benefits […]


Activity, Investment Banking

General Electric Shares Get Deutsche Bank Bull Call Based on Sales Catalysts

January 13, 2020

Via: TheStreet

General Electric (GE) – Get Report is expected to beat fourth-quarter earnings expectations Deutsche Bank analysts said in a note. GE shares at last check were 1.1% higher at $11.80 in Monday trading. They’d fallen more than 2% Friday. Deutsche […]


Uncategorized

Deutsche Bank to launch new digital legal document management system globally

December 18, 2019

Via: Finextra

It will ensure secure and fast access to relevant documents for all Legal department employees of Deutsche Bank, who are located in 27 countries and operating globally. The NetDocuments system will make the collaboration between Legal department employees better and […]


Regulations

Deutsche Bank already using robots as it gears up to cut 18,000 jobs

November 22, 2019

Via: Banking Technology

The bank’s head of operations for corporate and investment banking Mark Matthews told Financial News that machine learning tools have already saved “680,000 hours of manual work”. Matthews say the bank has so far used bots to process five million […]


Regulations

Deutsche Bank to focus on Germany for job cutting scheme

October 10, 2019

Via: Banking Technology

The lender is relying on savings at retail units to lower its annual costs. It employs 41,700 people in Germany, out of a total of 91,700. Deutsche Bank announced that it would be cutting 18,000 jobs in July, a key […]


Activity, Investment Banking

Barclays nabs $20 billion in hedge fund business from beleaguered Deutsche Bank

July 25, 2019

Via: CNBC

Barclays is proving to be one of the early winners from the woes of German rival Deutsche Bank. The British bank, run by ex-J.P. Morgan executive Jes Staley, has persuaded hedge fund clients with $20 billion in balances at Deutsche […]


Activity, Investment Banking

Deutsche Bank’s Turnaround Costs Lead to Big Loss

July 24, 2019

Via: The New York Times

Deutsche Bank’s plans to retreat from risky investment banking, fire thousands of people and return to its German roots may eventually create a healthier lender. In the short term, the overhaul will be a major financial drain. That was made […]


Capital and Risk, Liquidity

Deutsche Bank gets its first broker upgrade after mass restructure

July 12, 2019

Via: CNBC

UBS has become the first broker to upgrade Deutsche Bank’s stock following its initiation of a historic restructuring program. In a note published Friday, UBS analysts upgraded the German lender’s stock from a “sell” to “neutral” and raised its 12-month […]


Activity, Investment Banking

Deutsche Bank shares slump 5% as lender gets ready for major overhaul

July 8, 2019

Via: CNBC

Deutsche Bank shares slumped more than 5 percent as the German lender announced a mass restructuring program over the weekend. In one of its boldest overhauls, the bank will see 18,000 jobs cut by 2022 and the closure of its […]