Page 5 - Deutsche Bank
We want to be a key player in distressed assets: Deutsche Bank's Shaparia
KAUSHIK SHAPARIA, chief country officer of Deutsche Bank in India, spoke to Raghu Mohan about the bank's local ambitions
 "We want to be a key player in distressed assets: Deutsche Bank's Shaparia")
Deutsche Bank infuses Rs 2,700 cr into India operations for expansion
This is the second time in less than two years that the bank has infused money into local operations consisting of 17 branches, after the Rs 3,800 crore investment in early 2019
 "Deutsche Bank infuses Rs 2,700 cr into India operations for expansion")
New York prosecutors subpoenaed Deutsche Bank in Trump probe: Report
The prosecutors issued the subpoena last year, seeking financial records that the Republican president and his company had provided to the bank, the Times said, citing four unnamed people
 "New York prosecutors subpoenaed Deutsche Bank in Trump probe: Report")
Covid-19: Deutsche Bank reports second-quarter profit despite loan losses
Deutsche bank reported a small net profit of 61 million euros in the second quarter as cost-cutting and revenue growth outweighed increased loan losses due to the virus outbreak. The gain compared with a loss of 3.1 billion euros in the year-earlier quarter, when the bank had large expenses related to its ongoing restructuring. The Frankfurt-based bank said Wednesday it had cut its cost base by 10 percent to 4.8 billion euros as it presses ahead with a drawn-out transformation aimed at improving profitability by reducing costs and riskier investments and activities. The bank said that set-asides for loans that aren't being repaid rose to 761 million euros in the quarter, from 161 million euros in the same quarter a year ago. Revenues rose 1 percent to 6.29 billion euros. Chief financial officer James von Moltke said that the bank is fully on track with a restructuring that is shedding employees and reducing costs.
NY state penalises Deutsche Bank $150 mn for Jeffrey Epstein dealings
According to the release, the agreement marked the first enforcement action by a regulator against a financial institution for dealings with the financier
Corporates join hands in fight against Covid-19, make quarantine centers
Firms to set up isolation rooms, led by Apollo Hospitals
 "Corporates join hands in fight against Covid-19, make quarantine centers")
Business not as usual: YES Bank changes way banks, Mint Road are looked at
Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.
 "Business not as usual: YES Bank changes way banks, Mint Road are looked at")
Newsmaker: Ravneet Gill and the big bet on the wrong bank
Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive
 "Newsmaker: Ravneet Gill and the big bet on the wrong bank")
Why foreign lenders are rushing to invest in Indian retail banking space
Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals
Citi, Credit Suisse, other banks curb Italy trips amid coronavirus: Report
The curbs come as coronavirus infections have soared across northern Italy over the past few days, causing seven deaths and nearly 300 cases
The bank behind Donald Trump
Name a banking scandal and Deutsche Bank was in the thick of it
 "The bank behind Donald Trump")
Indian firms raise $23 bn via dollar bonds; issuance sees five-fold jump
Softening of US treasury yields, weak domestic liquidity attract firms to yield-chasing offshore market
 "Indian firms raise $23 bn via dollar bonds; issuance sees five-fold jump")
RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das
Real GDP growth has averaged 4.8% YoY in 1HFY20, as against India's potential growth rate of about 6.5-7%
 "RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das")
Deutsche Bank sells $50 bn in assets to Goldman Sachs amid overhaul: Report
The assets, related to emerging-market debt, were part of Deutsche's unit to wind down unwanted securities, the people said
Risk on, risk off, repeat! US-China trade deal now faces Hong Kong hurdle
Investors who had sought the safety of government bonds, the yen and gold in early trade shifted back from those positions after China reportedly invited U.S. negotiators for talks.
 "Risk on, risk off, repeat! US-China trade deal now faces Hong Kong hurdle")
No more MDs or VPs: Deutsche Bank's asset management unit to abolish titles
As a result, there will be no corporate title promotions in 2019, the memo said. DWS will still have a chief executive and chief financial officer.
 "No more MDs or VPs: Deutsche Bank's asset management unit to abolish titles")
Client-specific risks a trip factor for IT companies, says analyst
Among Indian companies, Everest, HCL Technologies, Tata Consultancy Services and Infosys Technologies have significant exposure to Deutsche Bank
 "Client-specific risks a trip factor for IT companies, says analyst")
Deutsche Bank's 18,000 job cuts tip of the iceberg for the finance industry
The so-called fintech revolution, where outsiders are taking over the traditional activities of established players (like payments, lending, depository) is the pinnacle of a new financial order
 "Deutsche Bank's 18,000 job cuts tip of the iceberg for the finance industry")
Deutsche Bank boss lashes out at staff for suit fitting amid layoffs
Deutsche Bank boss says scolded staff for suit fitting amid layoffs
Letter to BS: Job losses in global economy are becoming a regular feature
Lifelong job security has become non-existent, except perhaps in government jobs
