Page 2 - Deutsche Bank

Adani Enterprises arm raises $394 million from Barclays, Deutsche Bank

Adani New Industries, an arm of Adani Enterprises, on Thursday raised USD 394 million (Rs 3,231 crore) from Barclays PLC and Deutsche Bank AG. The proceeds will be used to secure working capital requirements of its integrated solar module manufacturing facility, Adani Enterprises Ltd said in a regulatory statement on Thursday. "Adani New Industries Limited (ANIL) ecosystem today (Thursday) raised a trade finance facility of USD 394 million from Barclays PLC and Deutsche Bank AG," it said. ANIL, a wholly-owned subsidiary of Adani Enterprises, is building an ecosystem of one of the largest integrated green hydrogen businesses, including solar modules and wind turbine manufacturing, it said. Adani Enterprises is the flagship company of the Adani Group.

Deutsche India expands tech operations in country, to hire thousands

It is taking in people with skills in cloud migration, AI, machine learning

Lenders set to clear Rs 400 crore to bring Go First back on runway

Go First plans to operate around 150 daily flights with 22 aircraft. The airline also plans to operate charter flights for defence forces in the initial phase

Deutsche Bank plans to cut 10% of 17k German retail jobs to curb expenses

The plans at Germany's largest bank come as Claudio de Sanctis prepares to take over the retail unit, known as the private bank division, on July 1

Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

Delayed monsoon can impact inflation, expect CPI at 5.2%: Deutsche Bank

A German brokerage on Friday warned that with the delayed monsoon, there is no scope for complacency on inflation even though official data for May has shown a cool-off. Deutsche Bank said it expects the average Consumer Price Inflation (CPI) for FY24 to come to 5.2 per cent against the 5.1 per cent estimate of the Reserve Bank of India and the consensus 5 per cent for analysts. "...with monsoon rains currently being 53 per cent below normal and given the history of food prices tending to shoot up in July following a poor start to monsoon, it is amply clear there is no scope for complacency at this stage as far as India's inflation risks are concerned," the brokerage said. The possibility of a 5 per cent or lower headline inflation can only play out if we are lucky and food prices do not rise in July and August, it added. July will be a key month as poor monsoon could drive a potentially sharp spike in July food price inflation, it said, adding that in the last two episodes of lowe

Deutsche Bank to pay $75 mn to settle lawsuit from Epstein victims: Lawyers

Deutsche Bank has agreed to pay USD 75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier. A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. The lawsuit asserted that the bank knowingly benefitted from Epstein's sex trafficking and chose profit over following the law to earn millions of dollars from the businessman. One of the law firms representing victims in the case, Edwards Pottinger, said it believed the sex-trafficking settlement is likely the largest with a bank in US history. "This groundbreaking settlement is the culmination of two law firms conducting more than a decade-long investigation to hold one of Epstein's financial banking partners responsible for the role it played in facilitating his ...

Wadia Group company took $300 million loan from Deutsche Bank: Report

The Wadia Group company obtained the loan by putting a charge on the account of the London-based parent of Britannia Industries

Deutsche Bank to cut 800 jobs after strong first quarter to save cost

Germany's biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland

Deutsche Bank, UBS hit as bank fears spark stress signals in markets

Deutsche Bank shares fell for a third day, dropping more than 12 per cent after a sharp jump in the cost of insuring its bonds against the risk of default

Deutsche Bank shares slump as another major bank comes into spotlight

Deutsche Bank's AT1 bonds have tumbled in value after Switzerland wiped out Credit Suisse's securities in the deal for it to be taken over by UBS

Deutsche Bank is said to study opening for Credit Suisse's assets

The German bank's deliberations so far are internal and it hasn't made any concrete proposals to the Swiss lender yet, said sources

Credit Suisse default swaps 18x UBS Group AG, 9x Deutsche Bank

One-year credit default swaps for the embattled Swiss lender were indicated at 835.9 basis points on Tuesday's close of business

Adani plans to prepay $500 million loan due in March to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year

RBI open to non-bank arms route to end stalemate with ESMA: Report

The proposal came up in a meeting between RBI deputy governor T Rabi Sankar and senior officials from European banks

JPMorgan, Deutsche Bank sued by Epstein accusers in New York: Report

JPMorgan was accused in the suit of "financially benefiting from participating" in the alleged sex trafficking through providing financial support from 1998 to August 2013

Multiples Private Equity likely to sell stake in APAC Financial Services

Multiples Alternate Asset had acquired the stake for Rs 250 crore in 2018

Xiaomi misled Deutsche Bank on 'illegal' royalty payments, says ED

One of Xiaomi's four frozen bank accounts in India is at Deutsche, according to the court documents

Credit Suisse hires 20 banks for $4 bn capital increase to restructure

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

Credit Suisse plummets 12%, options worsen as market mayhem takes toll

Shares in the Swiss banking giant plummeted 12% to an all-time low on Monday after a weekend of fevered Twitter speculation about its financial health, before they regained almost all of the losses