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...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...
...Deutsche Bank has named former Citigroup dealmaker Alison Harding-Jones as its new global head of mergers and acquisitions, as the German lender seeks to improve its standing in the competitive business...
...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 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....
...Asked if Deutsche Bank was the new Credit Suisse, he told reporters there was “no reason to be concerned about it”....
...Deutsche Bank said in a statement that there were “no new findings” in the latest BaFin rebuke and stressed that it “will continue to fully co-operate with BaFin and invest the necessary resources” to meet...
...Do not bank on a fairytale ending for PBB. andrew.whiffin@ft.com...
...Deutsche Bank has set out plans to triple its dividend, buy back more shares and cut jobs as Germany’s biggest bank tries to boost a share price that has languished over the past year....
...Given its premium rating, just a bit of bad news — one-off bank levies in Belgium — knocked its stock price 7 per cent....
...Deutsche Börse has named Stephan Leithner as its new chief executive from October. The change comes as the company’s current head, Theodor Weimer, is set to retire at the end of the year....
...Deutsche Bank, Germany’s largest bank, last week announced a 5.5 per cent cut in its bonus pool for last year....
...In March 2021, Deutsche Bank told the FT that only a “limited number of clients” might have been affected by the mis-selling....
...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....
...They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
...More likely, he will restrict new capital to investment banking, redirecting any surplus to shareholder returns and more less-capital-hungry lending businesses....
...Brevan Howard’s 1,100 staff are spread across offices in London, New York, Jersey, Abu Dhabi and Singapore, according to its website. It has about 160 portfolio managers....
...Since then, it has suffered from a sell-off in growth companies prompted by aggressive interest rate rises from central banks to fight inflation....
...Deutsche Bank and JPMorgan have warned that the ECB might have to move more gradually once it starts lowering borrowing costs as interest rate differentials could cause excessive weakness in the common currency...
...The advisory board includes Paul Achleitner, former Deutsche Bank supervisory board chair; Baroness Shriti Vadera, chair of insurer Prudential; former GCHQ director Sir Iain Lobban; Indian billionaire Sunil...
...“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...
...Just Eat Takeaway: Shares in the food delivery company rose almost 7 per cent after Deutsche Bank raised its target price....
...The Information Commissioner’s Office (ICO) found Serco Leisure, Serco Jersey and seven associated leisure trusts had been unlawfully processing the biometric data of more than 2,000 employees at 38 leisure...
...died in 2022 — though he also used the occasion to recount how he scooped the event from Jain and Deutsche Bank, its previous sponsor....
...The bank had not been hit by any new defaults in the first two months of the new year, he said. The bank earmarked €350mn for loan loss provisions for 2024, compared with €441mn last year....
...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....
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