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...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....
...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....
...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....
...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....
...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....
...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...
...No such plan existed for Deutsche Bank, which is rather too large for most other banks to digest in a hurry....
...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 US bank ultimately decided to stay in its current premises in Canary Wharf. Morgan Stanley declined to comment....
...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....
...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....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...“The receptivity to bank M&A of size has not been high in this administration,” said Brian Graham, partner at financial services advisory firm Klaros Group....
...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....
...The increase in deals has been partly spurred by an anticipation of rate cuts from central banks, which investors think could come as early as June....
...financial crisis....
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