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A team of researchers from Deutsche Bank proposed a 5% tax imposed on individuals who decide to keep working from home after the pandemic situation is contained to compensate for their uneven contribution to the “infrastructure of the economy”. The proposal, which was fully explained in the 19th issue of a periodical publication made by the…
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A senior Deutsche Bank executive said the fallout from the coronavirus pandemic could speed up mergers and acquisitions across Europe’s fragmented banking sector. “We regularly explore what there is on the acquisition market, but first we have to consolidate internally and get the new international private banking business on its feet,” said the head of…
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Deutsche Bank’s (NYSE: DS) said it expects to make a first-quarter profit of €66m as the company sets aside €500m in provision for bad debts, a threefold increase on a year ago. It added its revenue for the period was €6.4bn. Analysts had expected the bank to post a net loss in the quarter and…
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Deutsche Bank (NYSE: DB) stock price jumped to the highest level in the past sixteen months amid strong fourth-quarter performance, restructuring actions and Capital Group’s stake of 3.1 per cent. The share price of the largest German bank rose 32 per cent since the beginning of fiscal 2020. Despite the recent run, its shares are…
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While some may hope for a clear-cut, black-and-white style of the world, the truth is always a lot more grey than anyone wants to know. This could be seen by the ongoing case between one Anna Waterhouse and the Dubai Financial Services Authority (DFSA). Waterhouse revealed suspicious activity by the country’s largest gold refiner, Kaloti….
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In an effort to reduce costs and make it’s systems more competitive, German financial giant Deutsche Bank (DB) has decided to make a major technology shift. The strategy shift at the bank will see it dedicating billions of dollars to developing innovative technological infrastructures. The problem at Deutsche Bank The problem with most banks is…
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Reuters reported that Deutsche Bank may add some of its problematic assets to the “bad bank” category soon. It will be contingent upon the bank’s sale of assets that were previously added to this category. Senior executives talk of the change According to three sources within the bank, a few senior officials of the lender…
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A new prime brokerage deal with BNP Paribas would mean that up to 800 employees of Deutsche Bank will be transferred. A person with the knowledge of the matter said on Friday that the two companies are proceeding with an initial agreement they had in July. A 7.4-billion-euro deal Earlier in July, Deutsche Bank announced…
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Deutsche Bank and ‘Disaster’ are terms that often go hand-in-hand these days. In fact, it’s been one scandal after another for the German bank. Whether it’s the 146 year-old lender’s involvement in a grand-scale $20 billion money laundering racket, its recent second quarter losses of $3.46 billion, or the news that it would be chopping…
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Massive restricting costs at Deutsche Bank finally weigh upon the German giant as its net losses for the second-quarter beat analyst expectations by almost 2x. The bank is planning to remove about 18,000 jobs by 2022 and exit from its global equities business. Deutsche bank faces trouble Deutsche Bank recently reported its second-quarter financials for…
