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...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....
...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....
...Deutsche Bank is preparing to axe almost half its Postbank branches as Germany’s biggest lender embarks on a shake-up of the group’s lacklustre retail operations....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...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....
...Deutsche Bank vowed to more than triple its dividend by 2025 to €1 per share and to buy back more shares, despite a 30 per cent drop in fourth-quarter profit after the lender was hit by a higher tax bill...
...Like Hansel and Gretel, Deutsche Pfandbriefbank is deep in the woods. The Germany property lender was lured in by the prospect of sweet returns in commercial real estate....
...Deutsche Bank’s share price now stands some 70 per cent above its lowest point of that day. But the social media rumour mill is powerful....
...Sewing promised to put an end to Deutsche Bank’s long-running legacy of control shortcomings and misconduct scandals after becoming chief executive in early 2018, forking out more than €2bn to improve internal...
...Leithner has worked at the German stock exchange since 2018 and was previously an executive at private equity firm EQT and German lender Deutsche Bank....
...One drag on the financial results was a €233mn writedown on the book value of London-based boutique investment bank Numis that Deutsche bought late last year for £410mn....
...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....
...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....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...This makes market chatter about Deutsche buying another bank, such as local peer Commerzbank or ABN Amro of the Netherlands, a distinctly dubious prospect....
...This month, shares in Deutsche PBB became one of Europe’s most heavily shorted stocks....
...Bank Private Bank....
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...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....
...In March 2021, Deutsche Bank told the FT that only a “limited number of clients” might have been affected by the mis-selling....
...Deutsche Bank, Germany’s largest bank, last week announced a 5.5 per cent cut in its bonus pool for last year....
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...After a stronger-than-expected CPI print on Wednesday, Bank of America and Deutsche Bank are both now predicting that the Federal Reserve won’t cut US rates until this December....
...Earlier, the head of Deutsche Bank’s investment bank said the EU cap on banker bonuses puts European lenders at a disadvantage compared to their UK and US rivals....
...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....
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