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 nominates former Norway wealth fund head to supervisory board
FRANKFURT – Deutsche Bank has nominated Yngve Slyngstad, the former head of Norway’s sovereign wealth fund, to its supervisory board, Germany’s largest lender said on Friday. Slyngstad was chief executive officer of…
Deutsche Bank appoints Ahlersmeyer to U.S. building products research unit – memo
– Deutsche Bank AG has hired Joe Ahlersmeyer as vice-president of the U.S. building products research unit within the bank’s company research group, according to an internal memo seen by Reuters on Thursday.…
Deutsche Bank’s U.S. affiliate, following the Fed, raises prime lending rate
– Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major Wall Street banks after the Federal Reserve…
Deutsche Bank hires tech dealmaker Tej Shah from Macquarie
– Deutsche Bank AG has named senior Macquarie Capital executive Tej Shah as a managing director, according to an internal memo seen by Reuters on Wednesday, as the German investment bank looks…
Deutsche Bank to wind down Russia business
FRANKFURT -Deutsche Bank said on Friday that it would wind down its business in Russia. Deutsche had faced stinging criticism from some investors and politicians on Friday for its ongoing ties to…
U.S. DOJ extends monitor of Deutsche Bank for late reporting of DWS allegations
FRANKFURT – Deutsche Bank on Friday disclosed that it had agreed with the U.S. Department of Justice to extend the stay of a special monitor after it failed to report allegations involving…
Deutsche Bank bucks trend as it maintains ties to Russia
By Tom Sims, Carolyn Cohn and Jesús Aguado LONDON – Deutsche Bank said it was not withdrawing completely from Russia, drawing anger from investors and contrasting with Wall Street banks which are…
Deutsche Bank raises profit target for 2025
FRANKFURT – Deutsche Bank is aiming for higher annual revenue and a lower cost-to-income ratio by 2025, Germany’s largest lender said on Thursday as it mapped out its financial plans for the…
Deutsche Telekom introduces free-of-charge calls to Ukraine
BERLIN – Deutsche Telekom is making calls and text messages to Ukraine free of charge, the German telecommunications company said on Friday in a move to support people with families in Ukraine…
Deutsche Telekom core profit, revenue beat estimates
STOCKHOLM/BERLIN – Deutsche Telekom reported quarterly core profit and revenue above market estimates on Thursday, boosted by its U.S. unit, T-Mobile along with growth in European business. Adjusted earnings before interest, tax,…
Taiwan lifts forex trading punishment on Deutsche -sources
TAIPEI – Taiwan’s central bank has allowed Deutsche Bank to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown…
Deutsche Bank advises clients to buy euros after ECB hawkish pivot
LONDON – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the European Central Bank acknowledged the bloc’s inflationary…
U.S. appeals court throws out Deutsche Bank traders’ Libor-rigging convictions
By Jonathan Stempel NEW YORK -A U.S. appeals court on Thursday threw out the convictions of two former Deutsche Bank AG traders for rigging Libor, once among the world’s most important financial…
Dealmaking helps Deutsche Bank land biggest profit in a decade
By Tom Sims and Frank Siebelt FRANKFURT -Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing’s hand as he…
CEO of Deutsche Bank’s DWS received racist threat letter -DWS spokesperson
By Tom Sims and Frank Siebelt FRANKFURT – The chief executive of Deutsche Bank’s fund unit DWS, Asoka Woehrmann, has received threatening letters in recent months, including one in December with red…
Deutsche Bank expected to break profit run in fourth quarter- Preview
FRANKFURT – Deutsche Bank is expected to swing to a net loss when it reports fourth-quarter earnings on Thursday amid a slowdown in revenue at its investment bank, based on analysts’ consensus…
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