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Page 6 - Deutsche Bank

Big axe falls as Deutsche Bank to lay off 18,000 in $8.3 billion overhaul

Germany's largest lender said on Sunday it will scrap its global equities unit and cut some fixed-income operations in a retreat from a long-held ambition to make its struggling investment bank

Big axe falls as Deutsche Bank to lay off 18,000 in $8.3 billion overhaul
Updated On : 09 Jul 2019 | 9:34 AM IST

Deutsche Bank faces an uncertain future, may exit India equities biz too

Spokesperson says it is too early to talk about specifics

Deutsche Bank faces an uncertain future, may exit India equities biz too
Updated On : 08 Jul 2019 | 11:53 PM IST

Bengaluru to London: Deutsche Bank layoffs leave many careers 'hopeless'

Deutsche Bank closes huge parts of its trading businesses, with staff in its equities division in Sydney and Hong Kong among the first to be told their roles would go.

Bengaluru to London: Deutsche Bank layoffs leave many careers 'hopeless'
Updated On : 08 Jul 2019 | 8:37 PM IST

Deutsche Bank's biggest overhaul to cost 7.4 bn euro; 18,000 jobs to go

The plan represents a major retreat from investment banking by Deutsche Bank, which for years had tried to compete as a major force on Wall Street

Deutsche Bank's biggest overhaul to cost 7.4 bn euro; 18,000 jobs to go
Updated On : 08 Jul 2019 | 10:52 AM IST

Deutsche Bank plans to close majority of equity biz in Asia-Pacific region

The Frankfurt-based lender expects to stop offering trading of cash equities, equities research and may no longer underwrite initial public offerings in the region

Deutsche Bank plans to close majority of equity biz in Asia-Pacific region
Updated On : 08 Jul 2019 | 12:21 AM IST

Exit of Deutsche Bank's investment bank chief marks the end of era

Deutsche Bank's investment bank has been central to its strategy for years, leading it to maintain a large presence on Wall Street

Exit of Deutsche Bank's investment bank chief marks the end of era
Updated On : 06 Jul 2019 | 7:32 PM IST

Deutsche Bank India FY19 net up 32% to Rs 1,199 cr, income rises 21%

Its total income came in at Rs 6,891 crore in FY19, a 21 per cent increase over Rs 5,716 crore during the year ended March 2018

Deutsche Bank India FY19 net up 32% to Rs 1,199 cr, income rises 21%
Updated On : 02 Jul 2019 | 11:05 PM IST

With its finances in disarray, Deutsche Bank could lay off 20,000 staff

The German bank's executives are putting the finishing touches on a painful restructuring plan that they hope will halt the company's yearslong downward spiral

With its finances in disarray, Deutsche Bank could lay off 20,000 staff
Updated On : 29 Jun 2019 | 8:47 PM IST

Deutsche Bank appoints Kaushik Shaparia as CEO to succeed Ravneet Gill

Shaparia's appointment will be effective from May 2019

Deutsche Bank appoints Kaushik Shaparia as CEO to succeed Ravneet Gill
Updated On : 18 Apr 2019 | 10:47 PM IST

Deutsche bank's asset manager may need its own deal to succeed

DWS CEO Woehrmann is cutting jobs as margins under pressure

Deutsche bank's asset manager may need its own deal to succeed
Updated On : 06 Apr 2019 | 7:50 PM IST

Deutsche Bank top management gets first bonus in four years

The management board received total pay, including bonuses, of 55.7 million euros in 2018, up from 29.8 million euros a year earlier

Deutsche Bank top management gets first bonus in four years
Updated On : 22 Mar 2019 | 2:18 PM IST

Germany's Deutsche Bank is setting up a bad-loan buying unit in India

BofA is yet to make a final decision on setting up an ARC and may choose not to go ahead with the plan

Germany's Deutsche Bank is setting up a bad-loan buying unit in India
Updated On : 18 Mar 2019 | 11:39 PM IST

Germany's Deutsche Bank and Commerzbank enter into formal merger talks

The German government has pushed for a combination given concerns about the health of Deutsche, which has struggled to generate sustainable profits since the 2008 financial crisis

Germany's Deutsche Bank and Commerzbank enter into formal merger talks
Updated On : 18 Mar 2019 | 2:57 AM IST

This single bond bet involving Warren Buffet cost Deutsche Bank $1.6 bn

Deutsche Bank resisted for years reducing the value of those bonds and related derivatives on its books to a level that markets suggested they were worth

This single bond bet involving Warren Buffet cost Deutsche Bank $1.6 bn
Updated On : 21 Feb 2019 | 9:11 AM IST

Deutsche Bank outsourcing 60 accounting jobs from US to Mumbai to trim cost

In July, people briefed on the matter said the Deutsche Bank would also cut dozens of employees in Chicago

Deutsche Bank outsourcing 60 accounting jobs from US to Mumbai to trim cost
Updated On : 11 Jan 2019 | 12:39 PM IST

Deutsche Bank CEO junks takeover speculation amid money laundering probe

Christian Sewing's remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance

Deutsche Bank CEO junks takeover speculation amid money laundering probe
Updated On : 02 Dec 2018 | 7:50 PM IST

Christian Sewing's options dwindle as Deutsche Bank hit by fresh scandals

As the 148-year-old institution continues its stumbles, here's a look at some scenarios how it may play out

Christian Sewing's options dwindle as Deutsche Bank hit by fresh scandals
Updated On : 01 Dec 2018 | 8:39 PM IST

Frankfurt prosecutor says Deutsche Bank raid continues for second day

Deutsche Bank shares traded 1.4% lower on Friday morning after a 3.4 decline on Thursday. Shares are down 48% so far this year

Frankfurt prosecutor says Deutsche Bank raid continues for second day
Updated On : 30 Nov 2018 | 4:00 PM IST

Deutsche Bank-Commerzbank merger plan receives backing of German officials

The government is in favor of a tie-up between its two biggest banks to create a heavyweight that would finance Germany's export-oriented economy

Deutsche Bank-Commerzbank merger plan receives backing of German officials
Updated On : 22 Sep 2018 | 9:20 PM IST

Deutsche Bank's equities head takes 'Moneyball' route to build dream team

Moneyball is a reference to Michael Lewis's book chronicling how the Oakland Athletics used quantitative analysis to find underrated players

Deutsche Bank's equities head takes 'Moneyball' route to build dream team
Updated On : 15 Sep 2018 | 11:57 PM IST