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...Deutsche Bank has since the summer been struggling with the fallout of the botched IT migration that saw clients locked out of accounts and internal workflows at the bank break down....
...Goldman Sachs retained its leading position, followed by JPMorgan, Morgan Stanley and Bank of America. Citi was eighth, followed by European banks UBS and Barclays....
...She said trust in charities fell to its lowest in 2018, around the time of the scandal over sexual assault by Oxfam employees, but had since recovered....
...Poor data undermines trust and skews forecasting — as several central banks, including the Bank of England, discovered when it came to inflation....
...by a panel of five judges of making more than €14mn in profit between 2017 and 2021 from trading on inside information shared by a partner of Perella Weinberg Partners, a prestigious boutique investment bank...
...No such plan existed for Deutsche Bank, which is rather too large for most other banks to digest in a hurry....
...While the ECB oversees eurozone banks, local regulation such as national deposit schemes complicates deals....
...Culture shock Before being taken over by Deutsche Bank, London-based dealmakers at British investment bank Numis could climb the stairs to speak with their research colleagues at will....
...The Spanish National Securities Market Commission (CNMV) said Deutsche’s conduct between October 2018 and March 2021 “may constitute” a “very serious infringement” of Spanish securities law “in a non-occasional...
...This month, shares in Deutsche PBB became one of Europe’s most heavily shorted stocks....
...National Trust Woman will not be easily won over....
...A few weeks ago it was the German banks and the idea that Deutsche Bank could lead the dealmaking. Lex gave that idea short shrift here....
...Even if they are systematically imprecise, these systems are often given undue trust in military contexts as they are wrongly seen as impartial....
...The issue overtook US shadow banking this month as the most likely source of a “systemic credit event”, according to a survey of fund managers by Bank of America....
...Indeed, equities and the dollar appear, unusually, to have been moving in response to the same driver in recent months, according to Binky Chadha, chief global strategist at Deutsche Bank....
...Based on the price of these options, strategists at Bank of America say markets are now pricing in a more than 10 per cent chance of such a scenario within the next six months....
...Deutsche Bank, Société Générale and Barclays are notable offenders. Investors have accordingly priced these three at half (or less) of their respective book values....
...“Lack of trust is a cultural problem.”...
...A scoop to start: European banks still operating in Russia — including Raiffeisen, UniCredit, ING and Deutsche Bank — paid more than €800mn in tax to the Kremlin last year, according to a Financial Times...
...“Since early 2022, more than 100 staff took on jobs in other Deutsche Bank units that pay much better,” one of the people said, adding that the company struggled to find enough new recruits to replace them...
...However, they are also among the largest commercial real estate lenders in Germany, where Deutsche Bank leads, followed by state-owned Landesbanks LBBW and BayernLB....
...Meanwhile, trading and investment banking helped Deutsche Bank report its highest quarterly profit in 11 years....
...This month investors have been spooked by exposures on CRE loan books at lenders including America’s New York Community Bank, Japan’s Aozora and Germany’s Deutsche Pfandbriefbank....
...News round-up Four Paramount directors to step down as company discusses Skydance merger (WSJ) Lloyds Bank axes risk staff after executives complaint they are a ‘blocker’ (FT) US regulator criticises...
...Just Eat Takeaway: Shares in the food delivery company rose almost 7 per cent after Deutsche Bank raised its target price....
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