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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....
...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....
...Frankfurt-based asset manager DWS and Union Investment told the FT they also planned to vote in favour of the two chairs....
...that the slow moving court procedures in Germany will almost certainly mean that the lawsuits will still be ongoing, pointing out that a similarly complex class action lawsuit over alleged misconduct by Deutsche...
...Over several years, the firm also failed to request crucial account information from a Singapore bank where Wirecard claimed it had large amounts of corporate cash....
...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....
...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....
...The US Federal Reserve fined Deutsche Bank $186mn last year for a “material failure” to fix “unsafe and unsound banking practices” that the bank had promised to resolve as long ago as 2015....
...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...
...No such plan existed for Deutsche Bank, which is rather too large for most other banks to digest in a hurry....
...Bank....
...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....
...In March 2021, Deutsche Bank told the FT that only a “limited number of clients” might have been affected by the mis-selling....
...Shares in Deutsche Börse rose 0.6 per cent on Wednesday....
...This month, shares in Deutsche PBB became one of Europe’s most heavily shorted stocks....
...The remaining clients include Volkswagen and Deutsche Bank, he said. But EY’s overall audit revenue in Germany still rose 8.4 per cent to €714mn in 2023, compared with a year earlier, he added....
...Deutsche Börse runs the Frankfurt stock exchange and earlier this week launched a venue for trading cryptocurrencies....
...After Wirecard’s collapse, it emerged that EY over several years failed to request crucial account information from a Singapore bank where Wirecard claimed the cash was deposited — a routine audit procedure...
...Do not bank on a fairytale ending for PBB. andrew.whiffin@ft.com...
...at DB Direkt — a wholly owned subsidiary that operates Deutsche Bank call centres — start at €12.05....
...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....
...Deutsche Börse Group runs businesses including the Frankfurt Stock Exchange, Eurex clearing house and last year bought Danish fund management company SimCorp....
...Washington has repeatedly asked for the bank to share information with it over its activities in Russia. Additional reporting by Martin Arnold in Frankfurt...
...Cologne criminal prosecutors are running investigations into about 1,700 suspects in this case, including former executives of Deutsche Bank and former senior lawyers at Freshfields....
...On Wednesday Sewing told a conference in Frankfurt that “Deutsche Bank and Postbank have recently disappointed our customers very much” and that the bank needed to “work all the harder to fix the problems...
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