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Latest DB News From Around the Web
Below are the latest news stories about Deutsche Bank Aktiengesellschaft that investors may wish to consider to help them evaluate DB as an investment opportunity.
(Bloomberg) -- Deutsche Bank AG is accused of turning a blind eye to a years-long Ponzi scheme that involved fraudulent investments in Florida, expanding the growing list of legal and compliance headaches for Chief Executive Officer Christian Sewing.Liquidators of two now-bankrupt Cayman Islands investment funds sued the bank in New York and Florida, claiming it “enabled theft on a massive scale” that led to hundreds of millions of dollars in losses, court records show. Deutsche Bank maintained
Deutsche Bank's investment banking arm lost market share across an array of key services in the second quarter, data from Dealogic shows, demonstrating the fragility of the recovery at Germany's biggest lender. Its investment bank, the group's biggest revenue generator, drove the institution to its strongest quarter in seven years at the start of 2021. Deutsche Bank reports second-quarter earnings next week, with analysts expecting the bank to have swung into profit even as investment bank revenue declined.
German lender Deutsche Bank AG is raising the amount it pays investment banking analysts, a source familiar with the matter told Reuters late on Tuesday. The bank will now pay first- and second-year analysts in its origination and advisory arms $100,000 and $105,000, respectively, which is a $15,000 increase from previous amounts, the person said, asking not to be identified. U.S. analysts being promoted to the associate level midyear will see their pay rise by $25,000 to $150,000, the person said.
(Reuters) -Deutsche Bank's international private bank (IPB) unit said on Friday it hired seven bankers in the Americas, as it looks to strengthen its business in the region. The bankers will be joining from Citigroup Inc, Bank of America Corp and Goldman Sachs Wealth Management and will be part of the New York, San Francisco and Latin America teams, the unit said.
Deutsche Bank's international private bank (IPB) unit said on Friday it hired seven bankers in the Americas, as it looks to strengthen its business in the region. The bankers will be joining from Citigroup Inc, Bank of America Corp and Goldman Sachs Wealth Management and will be part of the New York, San Francisco and Latin America teams, the unit said.
(Bloomberg) -- Deutsche Bank AG sold financial instruments that led to losses at a high-profile Spanish hotel chain, widening the circle of companies that have taken a hit from attempts to mitigate exchange-rate risks.Palladium Group, co-owned by former Spanish Foreign Minister Abel Matutes Juan, has been hurt by complex foreign-exchange derivatives it bought from the German lender in recent years. The company is in discussions with lawyers as it evaluates options to recoup losses from the bank,
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.U.K. companies added payrolls at a record pace in June as the reopening of the economy triggered an unprecedented scramble for staff.The number of employees on company books climbed by 356,000, the Office for National Statistics said Thursday. Demand for staff rose, with vacancies in June alone increasing to a record 962,000, up 7% from May.“The rise in vacancies confirms the ongoing st
Deutsche Bank may have mis-sold foreign exchange derivatives to more than 50 companies in Spain, suggesting the scope of a scandal that has already led to the exit of two senior bankers is wider than previously thought, according to people familiar with the matter. Germany’s biggest bank launched an internal probe last year after clients complained they were sold complex derivative products they did not understand. The investigation, known within Deutsche Bank as Project Teal, was first revealed by the Financial Times earlier this year.
(Bloomberg) -- South Africa’s rand slumped to its weakest level against the dollar in more than two months as rioting that started with last week’s arrest of former President Jacob Zuma spread, weighing on the outlook for an economy already strained by a resurgence of the coronavirus.The violent protests shuttered businesses and disrupted transport networks in the nation’s two richest provinces, Gauteng and KwaZulu-Natal. Zuma was sentenced to 15 months in jail for defying a court order to testi
Deutsche Bank has hired Jeffrey Wong from Goldman Sachs to be the bank's head of Hong Kong investment banking coverage, according to a memo seen by Reuters. Wong spent more than a decade at Goldman Sachs where he led the coverage of Hong Kong-based corporate clients, said the memo sent by Mayooran Elalingam, Deutsche's head of investment banking coverage and advisory for Asia Pacific.