Deutsche Bank expects ECB to cut rates by 150 bps in 2024
(Reuters) – Deutsche Bank said on Wednesday it expects the European Central Bank to cut interest rates by 150 basis points (bps) next year, 50 bps more than their earlier forecast, as…
Deutsche Bank to nearly halve Postbank branches by 2026: spokesperson
(Reuters) – Deutsche Bank plans to cut the number of its Postbank branches from around 550 to 300 by mid-2026 as it adapts to changing demand, a spokesperson said in a written…
Customers of Deutsche Bank units lodge surge in complaints, consumer group says
By Tom Sims FRANKFURT (Reuters) – Customers of two Deutsche Bank units have lodged a surge in complaints with Germany’s consumer protection agency, the advocacy group said on Monday, as the banking…
US judge approves Deutsche Bank $75 million settlement with Epstein accusers
By Luc Cohen NEW YORK (Reuters) -Deutsche Bank on Friday won final approval from a U.S. judge for a $75 million settlement it reached with victims of Jeffrey Epstein who had accused…
Deutsche Bahn to announce deal to sell Arriva to I Squared on Thursday -sources
FRANKFURT (Reuters) – Deutsche Bahn plans to announce on Thursday the sale of its international transport business Arriva to Miami-based infrastructure investor I Squared Capital, sources told Reuters. The two parties will…
Deutsche Bahn close to signing $1.68 bn deal to sell Arriva to I Squared -sources
By Emma-Victoria Farr, Andres Gonzalez and Markus Wacket FRANKFURT/LONDON (Reuters) – Miami-based infrastructure investor I Squared Capital aims to sign a deal to acquire Deutsche Bahn’s international transport business Arriva as soon as…
Deutsche Bank strategists recommend equity overweight into 2024
LONDON (Reuters) – Strategists at Deutsche Bank have recommended an overweight in equities into 2024, as risks are now well reflected in the market and those are about to turn into opportunities.…
German regulator BaFin to send special monitor to Deutsche Bank – Handelsblatt
BERLIN (Reuters) – German financial regulator BaFin will send a special monitor to Deutsche Bank following problems at its Postbank unit, German daily Handelsblatt reported on Sunday citing sources close to the…
Deutsche Bank hires internet banker Withey from Barclays – sources
By Milana Vinn (Reuters) – Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking group for internet dealmaking, according to people…
Deutsche Bank promises new steps to rectify Postbank’s service complaints
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank has disappointed customers with problems at its Postbank unit and is devoting additional resources to quickly regain trust, the lender’s CEO said on Wednesday. The…
Deutsche Bank to hold crypto for institutional clients
By Elizabeth Howcroft LONDON (Reuters) – Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenised assets, Taurus said in a statement on…
Possible Fed overtightening makes recession more likely than not, Deutsche Bank says
NEW YORK (Reuters) – Despite recent optimism around the U.S. economy, a recession remains a more likely scenario than a so-called “soft landing” as the Federal Reserve seeks to curb inflation by…
With 50 senior hires, Deutsche Bank sees advisory business at turning point
FRANKFURT (Reuters) – Deutsche Bank on Wednesday said that it had hired 50 senior bankers in the origination and advisory business of its global investment bank and that a slump in activity…
Deutsche Bank to buy back up to $497 million in shares
FRANKFURT (Reuters) -Deutsche Bank signalled a more positive outlook on Tuesday, saying it would undertake a 450 million euro ($497 million) share buyback this year. The measure, larger than last year’s buyback…
Deutsche Bank cuts China’s 2023 growth forecast to 5.3%
(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand and a deterioration in the property sector.…
Deutsche Bank expects 50-bps Bank of England August rate hike
LONDON (Reuters) – Deutsche Bank said on Tuesday it now expects the Bank of England to raise interest rates by half a percentage point at its August meeting. Data released earlier in…
Gazprom subsidiary files lawsuits against Deutsche Bank and Commerzbank
MOSCOW (Reuters) – RusKhimAlyans, a subsidiary of Russian gas giant Gazprom, has filed lawsuits seeking a total of 31 billion roubles ($348 million) from Deutsche Bank and Commerzbank, Russian court documents show.…
Deutsche Bank human resources head Ilgner to leave bank
FRANKFURT (Reuters) -Deutsche Bank’s head of human resources, Michael Ilgner, has decided to leave the bank, Deutsche Bank announced on Friday, the latest in a spate of management changes. The move follows…
German unions criticise possible Deutsche Bank job cuts
FRANKFURT (Reuters) – Deutsche Bank’s reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. Germany’s largest bank…
Deutsche Bank’s new retail boss primed for sector shake-up
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank’s new retail boss wants to get cyber-savvy youth into bank branches and put the bank at the heart of communities, a bold vision in…
Deutsche Bank $75 million settlement with Epstein accusers wins preliminary approval
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday granted preliminary approval to Deutsche Bank’s $75 million settlement with victims of Jeffrey Epstein who accused the bank of facilitating the…
Deutsche Bank hires senior dealmakers from rivals – memo
By Pablo Mayo Cerqueiro LONDON (Reuters) – Deutsche Bank has added three senior dealmakers to its team of bankers advising other financial institutions, such as insurance companies and lenders, according to a…
Rallying U.S. stocks are pulling in sidelined investors, Deutsche Bank says
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A steadily rising U.S. stock market appears to be drawing investors off the sideline, one measure of market positioning showed. Positioning among discretionary investors…
Default wave imminent, will peak in 2024- Deutsche Bank
LONDON (Reuters) – A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest monetary tightening cycle in 15 years, Deutsche Bank…
ECB must keep hiking to tame inflation ‘poison’, Deutsche Bank CEO says
BERLIN (Reuters) – The European Central Bank needs to continue raising interest rates to tame the highest inflation in decades, Deutsche Bank CEO Christian Sewing said on Tuesday. “This poison must go…
Deutsche Bank investors ask if profits sustainable, question strategy
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank investors on Wednesday questioned the sustainability of the lender’s growth plans and called for a shift of resources from the investment bank, even as they…
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