Hints and tips:
...The glitch raises new questions over the bank’s internal communications and workflow systems as chief executive Christian Sewing scrambles to sort out flaws in the way its German retail customers are treated...
...Christian Sewing said EU-based banks were suffering from an “unlevel playing field” in terms of attracting talent, after the UK scrapped the cap last month....
...Deutsche’s chief Christian Sewing this week said EU banks now faced an “unlevel playing field” and urged Europe to also abandon the restrictions....
...Chief executive Christian Sewing has been promising to put past misconduct problems, which include the manipulation of benchmark interest rates and the mis-selling of mortgage-backed securities, to rest....
...The transfer of customer data opens up the prospect that Postbank could yet be transformed into an asset for Deutsche’s chief executive Christian Sewing, who has pitched the retail operations to investors...
...The bank declined to comment on the revenues the agreement would bring, but the importance of the deal was underlined by the fact that chief executive Christian Sewing led the pitch for the contract....
...As recently as January 2022, Deutsche Bank chief executive Christian Sewing said he was “very concerned” that the competition to hire staff had driven up remuneration costs across Wall Street, where pay...
...In the five years since Christian Sewing was appointed chief executive, staff numbers had fallen by 11 per cent to 86,000, compared with the 2019 goal of 74,000....
...The bank missed a pledge by chief executive Christian Sewing to fix the issues by the end of 2023 as it discovered thousands of forgotten and unresolved complaints months after starting to remedy the problems...
...Germany’s financial watchdog has threatened to fine Deutsche Bank after the lender failed to fix flaws in its anti-money laundering controls, in the latest setback for chief executive Christian Sewing....
...On Thursday, Deutsche’s chief executive Christian Sewing lit up some fireworks....
...Chief executive Christian Sewing said he was expecting a 10 per cent increase in revenue over the next two years to €32bn, compared with a previous target of €30bn for 2025....
...Deutsche Bank chief executive Christian Sewing has urged Brussels to consider scrapping a cap on banking bonuses in order to keep European lenders competitive against rivals in countries with no limit....
...In a note to staff on Wednesday, chief executive Christian Sewing wrote that the bank was “on the right track” and had cleared “two-thirds” of the backlog caused by the project....
...The monitor is a blow for chief executive Christian Sewing, who ran the retail business for three years before he was promoted to the top job in 2018....
...Ermotti’s total pay also dwarfs the awards of chief executives at other major European banks, including Christian Sewing of Deutsche Bank, who was paid €8.9mn last year, and Andrea Orcel of UniCredit, whose...
...Deutsche Bank chief executive Christian Sewing said the thing that made him “nervous” was the state of capital markets. “They have been extremely resilient,” he said....
...Fixing the issues has become a top priority for chief executive Christian Sewing, who ran the retail business between 2015 and 2018....
...The action shows the continuing struggle for Christian Sewing, the German lender’s chief executive, in meeting his promise to end an era of control shortcomings....
...The memo from chief executive Christian Sewing and chief operating officer Rebecca Short said other staff could work from home two days a week, but banned the common practice of staying away from the office...
...Deutsche’s Christian Sewing told the FT’s recent Global Banking Summit that if the cap were removed elsewhere, the EU would “need to take [that] into account and consider [how] to stay competitive”....
...Wednesday’s better than expected second-quarter figures from Deutsche will not change matters. Christian Sewing, its chief executive since spring 2018, has steadied a floundering vessel....
...However, chief executive Christian Sewing warned staff in an internal message on Wednesday that the job cuts entailed “tough decisions”....
...Deutsche Bank chief executive Christian Sewing said the prospect of tougher capital rules for US banks could level the competitive playing field with their more dominant US rivals, however....
...Investors say they were heartened by his decision to cut the bonuses for chief executive Christian Sewing and the other executive board members over missed milestones and delays in improving internal controls...
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