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...“There has been a shift in thinking in Washington about bank mergers....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...Deutsche Bank has discovered thousands of forgotten and unresolved complaints in its German retail operation Postbank, people familiar with the matter told the Financial Times....
...He was appointed the bank’s global treasurer in 2021. Like Hammack, he had previously been talked about as a potential candidate for chief financial officer....
...Harding-Jones starts next week based in London and will report to Mark Fedorcik, co-head of Deutsche’s investment bank, according to a statement on Thursday....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...Claudio de Sanctis, Deutsche’s new head of private banking, told the Financial Times that the lender planned to close as many as 250 of Postbank’s 550 remaining branches over the next two years....
...The stock has risen more than 60 per cent over the past year but is still 90 per cent below the bank’s peak before the 2008 financial crisis....
...Last year, UK financial regulators and the Bank of England warned of major risks if cloud companies were hacked or failed....
...The brunt of the cuts affected Karl von Rohr, the former head of Deutsche’s private bank who left the bank last year after his contract was not extended....
...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....
...No such plan existed for Deutsche Bank, which is rather too large for most other banks to digest in a hurry....
...Deutsche Bank chief financial officer James von Moltke said the goodwill impairment was “not related to the business outlook” for the franchise and should not be seen as a sign that Deutsche had overpaid...
...Do not bank on a fairytale ending for PBB. andrew.whiffin@ft.com...
...Two of these “value” stocks are Deutsche Bank and BNP Paribas. Both reported full-year results on Thursday. Both may well stay cheap. The market’s reception of their earnings varied greatly....
...The fight between the sides had been a rare controversy at a bank considered among the most profitable Wall Street advisers in history....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Deutsche Bank has long hoped to become a global banking powerhouse. Its parochial valuation defeats it....
...Deutsche Bank, Germany’s largest bank, last week announced a 5.5 per cent cut in its bonus pool for last year....
...Spain’s financial watchdog has launched “disciplinary proceedings” against Deutsche Bank, the latest escalation of a long-running scandal over the lender’s alleged mis-selling of risky derivatives....
...This included scrapping the investment management deal, which the Financial Times reported last year. At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...Sales from equities trading increased 11 per cent thanks in part to the prime brokerage business that serves hedge funds and which BNP expanded by buying a unit from rival Deutsche Bank....
...In fixed income, currencies and commodities trading, income dropped 21 per cent to £1.4bn, even as German rival Deutsche Bank on Thursday posted its best quarterly results in 11 years in part due to better...
...In the past three weeks, Japan’s Aozora, Deutsche Bank and New York Community Bancorp have all flagged potentially large losses due to their exposure to the US office market....
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