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 Telekom slightly raises 2023 profit outlook
BERLIN (Reuters) – Deutsche Telekom slightly raised its full-year operating profit target on Thursday after reporting a small bump in first-quarter revenue and profit that was in line with expectations. The group…
Deutsche Post Q1 operating profit slumps amid economic downturn
By Tristan Veyet (Reuters) -Deutsche Post suffered a slump in first-quarter operating profit amid deteriorating macroeconomic conditions, it reported on Wednesday, a day before its new chief executive takes the helm at…
Deutsche Bank Russian profits leapt in 2022, even as assets dropped
(Reuters) – Deutsche Bank’s Russian subsidiary’s profits jumped by almost six times in 2022 to 5.4 billion roubles ($66.42 million), Russian audit documents showed, the latest example of a foreign lender booking…
Morgan Stanley, Deutsche and others raise UK rate-hike forecasts
LONDON (Reuters) – A number of banks including Morgan Stanley and Deutsche Bank on Wednesday revised upward expectations for further UK interest rate hikes as a second straight day of data suggested…
Deutsche Telekom reaches majority stake in T-Mobile U.S. – CEO
(Reuters) – Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday. The company reached a majority stake in T-Mobile U.S late…
Short sellers make $100 million betting against Deutsche Bank in two weeks-Ortex
LONDON (Reuters) – Short sellers have made a profit of over $100 million on paper betting against Deutsche Bank stock over the last two weeks, financial data company Ortex said on Friday.…
Deutsche Bank settles lawsuit over $1.6 billion Bernard Madoff claims
NEW YORK (Reuters) – Deutsche Bank AG has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the…
Deutsche Bank CEO paid 8.9 million euros in 2022
ZURICH (Reuters) – Deutsche Bank paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank disclosed on Friday, rewarding…
Deutsche Post says it agrees wage deal with union to avoid strike
DUESSELDORF, Germany (Reuters) – Germany’s Deutsche Post postal company said on Saturday it had agreed a wage deal with the Verdi trade union that would enable it to avoid an indefinite strike…
European high yield debt looks increasingly vulnerable, Deutsche Bank says
By Chiara Elisei LONDON (Reuters) – European high yield corporate debt is increasingly vulnerable as the global economy slows, suggesting a higher risk of defaults, Deutshe Bank said in a note on…
Deutsche Bank increases U.S. terminal rate forecast
LONDON (Reuters) – Deutsche Bank has raised its forecasts for where U.S. interest rates will end up, as latest inflation numbers suggested the Federal Reserve would need to tighten monetary policy further.…
Deutsche Bank names new compliance head from Barclays
FRANKFURT (Reuters) – Deutsche Bank has appointed a Barclays executive to oversee compliance at Germany’s largest lender, according to an internal memo circulated on Tuesday and seen by Reuters. Deutsche for years…
Deutsche Bank’s rollercoaster ride towards more stability
(This Dec. 16 story has been refiled to correct currency unit to cents in paragraph 33) By Tom Sims and Marta Orosz FRANKFURT (Reuters) – In 2019, Deutsche Bank set out on…
Deutsche Bank names ex Citi banker Di Stefano as EMEA VP Origination&Advisory
MILAN (Reuters) – Deutsche Bank has appointed Pierpaolo Di Stefano as vice chairman, Origination & Advisory for the EMEA (Europe, Middle East and Africa) region, starting Jan. 1, the lender said on…
Deutsche Post eyes takeover of Deutsche Bahn’s Schenker – Manager Magazin
BERLIN (Reuters) – Deutsche Post subsidiary DHL is interested in buying Schenker, the logistics subsidiary of German rail operator Deutsche Bahn, Manager Magazin reported on Thursday, citing people familiar with the matter.…
Deutsche Bank: Claims in Postbank case remain unfounded
FRANKFURT (Reuters) – Deutsche Bank said on Tuesday that claims in a years-long litigation over its takeover of Postbank remain unfounded. (Reporting by Tom Sims and Marta Orosz, editing by Rachel More)…
Deutsche Bank: Equity bear market rally will stretch into 2023, dollar weaker
LONDON (Reuters) – A bear market rally in equity markets will continue into next year before slumping as a recession in the world economy takes hold, Deutsche Bank said in its world…
Deutsche Bank warns of peril in borrowing from U.S. banks
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Germany’s Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough. The…
Deutsche Bank CEO warns of reliance on government aid packages
BERLIN (Reuters) – Deutsche Bank Chief Executive Christian Sewing appealed for caution regarding German government relief packages and said the country should not come to rely on extending aid measures, speaking at…
Deutsche Bank sued for $150 million in New York by exonerated trader who alleges coverup
By Jonathan Stempel NEW YORK (Reuters) – Deutsche Bank AG has been sued for $150 million by a former trader whose conviction for rigging the Libor rate benchmark was overturned, and who…
Deutsche Bank CEO warns of ‘danger’ of European reliance on foreign banks
FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing on Friday warned of the “danger” of European reliance on foreign banks, equating the threat to the region’s dependence on outsiders for energy that…
U.S. dollar has peaked due to softer inflation, jobs -Barclays, Deutsche
NEW YORK (Reuters) – The U.S. dollar may have already seen its highest levels for the year given growing evidence of slowing inflation and a weakening labor market in the world’s largest…
Deutsche Bank’s DWS sued by consumer group over alleged greenwashing
FRANKFURT (Reuters) – A German consumer group said on Monday it is suing Deutsche Bank’s asset management unit DWS for allegedly misrepresenting a fund’s green credentials in marketing materials. The suit comes…
JPMorgan picks Deutsche Bank’s Sheppard for UK investment banking
By Pamela Barbaglia LONDON (Reuters) – JPMorgan has hired one of Deutsche Bank’s most senior dealmakers, Richard Sheppard, to strengthen its UK investment banking business and help British companies navigate the challenges…
Deutsche Bank investment bank job cuts to include staff in Britain – source
FRANKFURT (Reuters) – The dozens of staff to be cut at Deutsche Bank’s investment bank include staff based in Britain, a person with knowledge of the matter said on Friday. Reuters reported…
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