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 names head of semiconductor sector within TMT group
(Reuters) – Deutsche Bank has hired Robert Lee as managing director and head of the semiconductor sector within its technology, media & telecom (TMT) group in the Americas, according to an internal…
Deutsche Bank names ex-Credit Suisse banker as new APAC head of private bank
By Xinghui Kok SINGAPORE (Reuters) -Deutsche Bank said on Wednesday it was replacing its Asia Pacific head of international private banking with a senior hire from embattled Swiss bank Credit Suisse. Singapore-based…
Deutsche Post to hike FY guidance after Q3 profit rise
BERLIN (Reuters) – German logistics company Deutsche Post will hike its full-year guidance when it reports third-quarter financial results on Nov. 8, it said on Monday, citing a rise in quarterly profits.…
Deutsche Bank in $26.3 million shareholder settlement over Epstein, Russian oligarch ties
By Jonathan Stempel NEW YORK (Reuters) – Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with…
BoE needs to hike rates next week to calm markets – Deutsche Bank analyst
LONDON (Reuters) – Britain’s central bank needs to make a big inter-meeting interest rate hike as early as next week to calm markets and restore credibility, a Deutsche Bank analyst said on…
Deutsche Bank to approach 2023 “with caution”, CFO says
FRANKFURT (Reuters) – Deutsche Bank will need to look at 2023 “with caution”, the lender’s finance chief James von Moltke said on Thursday. Von Moltke, speaking at a financial conference, foresaw a…
Deutsche Bank’s IPB unit hires new director in Americas
(Reuters) – Deutsche Bank’s International Private Bank unit in the Americas hired Hedieh Bolour as a director based in Los Angeles, according to an internal memo seen by Reuters on Tuesday. Bolour…
Deutsche Bank mandated to lead Porsche IPO retail offering – spokesperson
By Emma-Victoria Farr FRANKFURT (Reuters) – Deutsche Bank has been mandated to run the retail offering of Porsche’s upcoming listing, a spokesperson for Deutsche Bank said on Wednesday. As part of the…
India’s overall forex reserves to shrink further this year – Deutsche Bank
MUMBAI (Reuters) – India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank…
India inflation rate likely rose to 6.9% in August – Deutsche Bank
MUMBAI (Reuters) – Deutsche Bank estimates that India’s consumer price index (CPI) firmed to 6.9% year-on-year in August, while core inflation likely stood at 6%. The Asian nation will report the data…
Deutsche Bank appoints Matthew Raskin as head of U.S. rates research – memo
(Reuters) – Deutsche Bank has appointed New York Fed economist and policy adviser Matthew Raskin as a managing director and U.S. head of rates research, according to an internal memo seen by…
Deutsche Telekom CEO eyes majority stake in T-Mobile US
BERLIN – Acquiring a majority stake in T-Mobile U.S. is a priority for Deutsche Telekom’s chief executive Timotheus Hoettgas, he said on Thursday after the telecoms operator published its second-quarter results. “This…
Deutsche Bank ex-trader’s conviction thrown out in U.S. Libor-rigging probe
By Jonathan Stempel NEW YORK -A U.S. judge on Friday threw out a former Deutsche Bank AG trader’s conviction for conspiring to manipulate the global lending benchmark Libor, after an appeals court…
Deutsche Post reports double-digit Q2 earnings growth
BERLIN -German logistics company Deutsche Post reported double-digit growth in revenue and earnings on Friday and confirmed its outlook for 2022, as its flourishing freight and express business built on an already-strong…
Deutsche Bank names Eigendorf new chief sustainability officer
FRANKFURT – Deutsche Bank said on Wednesday that it appointed Joerg Eigendorf to the role of chief sustainability officer, as the bank markets itself as a lender that firms can turn to…
Deutsche Bank’s International Private Bank hires 4 bankers in Americas
(Reuters) – Deutsche Bank’s International Private Bank on Thursday hired four bankers in the Americas, according to an internal memo seen by Reuters. The new hires will help the bank strengthen its…
Turkey blocks access to Deutsche Welle, Voice of America for not getting licenses -official
ANKARA – Turkey’s RTUK media watchdog has blocked access to U.S.-based Voice of America and German broadcaster Deutsche Welle for not applying for the licenses it requests, a member of the watchdog…
Deutsche Bank will cover travel costs for employees seeking abortions -source
NEW YORK – Deutsche Bank AG is updating its U.S. healthcare policy to cover travel costs for any medical procedure, including abortion, that is not offered within 100 miles of an employees’…
Deutsche Bank brings several hundred Russian IT experts to Germany – Handelsblatt
BERLIN – Deutsche Bank has relocated several hundred Russian IT experts to Berlin, offering all employees of its Russian tech center a job in Germany, the Handelsblatt newspaper reported on Monday, citing…
Deutsche Bank sees a 50 bps ECB rate hike by September
MILAN – Deutsche Bank economists have ramped up expectations over European Central Bank policy tightening and now expect one of the two interest rate hikes in the third quarter to be a…
Citi in talks to buy Deutsche Bank Mexico – Bloomberg Law
(Reuters) – Citigroup Inc is weighing a deal to buy Deutsche Bank AG’s Mexican bank, Bloomberg Law reported on Tuesday, citing people familiar with the matter. Citi is planning to set up…
Shares in Deutsche Euroshop surge in pre-market trade on takeover offer
BERLIN – Shares in Deutsche Euroshop jumped 31.2% in Lang & Schwarz pre-market trade on Monday after a consortium of bidders offered 1.4 billion euros ($1.48 billion) to acquire the German shopping…
Deutsche Bank investor Capital Group sells most of big stake – Filing
FRANKFURT – U.S. investor Capital Group sold most of its 5.2% stake in Deutsche Bank, according to a disclosure on Thursday. The filing makes official the name of the seller, which Reuters…
Deutsche Telekom buys additional T-Mobile US shares for $2.4 billion
DUESSELDORF, Germany -Deutsche Telekom said it has bought additional shares in T-Mobile US from Softbank for $2.4 billion, bringing CEO Tim Hoettges closer to his goal of securing direct control over the…
Analysis – Most banks narrow UK gender pay gaps, UBS, Deutsche Bank go into reverse
By Iain Withers and Carolyn Cohn LONDON – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse gear, including UBS and Deutsche Bank, a…
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