Deutsche Bank Asia Pacific CEO quits

German lender Deutsche Bank on Tuesday said Asia Pacific chief executive and former head of Indian operations Gunit Chadha has quit.

MCX finally gets new managing director

MCX finally gets new managing director

After two years of wait, Multi Commodity Exchange (MCX) finally saw new Managing Director and CEO, Mrugank Paranjape, join the office on Monday.

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.

'Low small savings rate to allow faster monetary transmission'

'Low small savings rate to allow faster monetary transmission'

The government's move to slash interest rates on all small saving schemes will pave the way for a market linked interest rate structure and enable faster monetary transmission, says a Deutsche Bank report.

Moody's places Deutsche Bank ratings on review

Moody`s move comes days after the German bank warned that volatile financial markets in the first quarter, normally a strong season for banks, posed a challenge for the entire sector.Moody`s said a potential downgrade to Deutsche Bank`s Baa1 senior debt and A2 deposit ratings would be limited to one notch.

Window is scant, RBI to cut rates by 0.25% on Apr 5: Deutsche

Window is scant, RBI to cut rates by 0.25% on Apr 5: Deutsche

Demand for policy rate cut may be considerable, but given the central bank's inflation target, rate cut space is scant, and the Reserve Bank is likely to cut only 0.25 percent in the upcoming monetary policy, a Deutsche Bank report says.

 

Global watchdog flags slow 'too big to fail' bank rule adoption

Many countries have not yet introduced laws allowing regulators to write down bank`s debts to avoid taxpayer bailouts and prevent them being "too big to fail", the world`s top financial watchdog warned on Friday.

Bangladesh central bank governor quits over $81 mn heist

Bangladesh central bank governor quits over $81 mn heist

Bangladesh`s central bank governor Atiur Rahman resigned on Tuesday, after hackers stole $81 million from the nation`s foreign reserves in an audacious cyber-heist that has hugely embarrassed the government.

How a spelling mistake helped stop a $1 billion bank heist

How a spelling mistake helped stop a $1 billion bank heist

Unknown hackers still managed to get away with about $80 million, one of the largest known bank thefts in history.

UBS, Deutsche Bank lose bankers` bonuses tax case in UK

Offshore schemes operated by UBS and Deutsche Bank in a bid to avoid paying income tax on bankers` bonuses are not exempt from tax, the Supreme Court in London ruled Wednesday

Implementation of 7th Pay Commission to impact govt's fiscal math: Deutsche Bank

Implementation of 7th Pay Commission to impact govt's fiscal math: Deutsche Bank

According to the global financial services firm, the government is likely to meet its fiscal deficit target for the fiscal but may settle for a higher fiscal deficit target of 3.8 percent for 2016-17.

India's growth well below trend: Deutsche Bank

India's growth well below trend: Deutsche Bank

India continues to report over 7 percent GDP growth, but its momentum has weakened and the country's growth is well "below trend", says a Deutsche Bank report.

Government to meet fiscal deficit target for FY16: Deutsche Bank

Government to meet fiscal deficit target for FY16: Deutsche Bank

The government is likely to meet its fiscal deficit target of 3.9 per cent for the current financial year and is expected to set it at 3.8 per cent of the GDP for the next fiscal, says a Deutsche Bank report.

Deutsche Bank's suspicious Russian trades count rises to $10 billion: Source

Deutsche Bank may have been used by some of its Russian clients as a hub for money laundering to a greater extent than previously assumed, a source familiar with the matter said on Tuesday.

 

India now a preferred market more because of compulsion than by choice

India now a preferred market more because of compulsion than by choice

In a report, Deutsche Bank said while India continues to be a favoured emerging market, "it is now more due to compulsion than by choice, as was the case after the election."

Deutsche Bank to pay USD 200 mn in US sanctions case: Source

Deutsche Bank has agreed to settle US regulators' charges it did business with entities in US-sanctioned countries like Iran and Syria, a person familiar with the matter said today.

Deutsche Bank to slash 35,000 jobs worldwide in major revamp

Deutsche Bank to slash 35,000 jobs worldwide in major revamp

Deutsche Bank is slashing 15,000 jobs and shedding assets in which some 20,000 staff are employed, as new chief executive John Cryan starts to implement a deep overhaul aiming to improve returns at Germany's biggest bank.

Swiss authorities probe 7 banks for price fixing in metals market

Swiss competition authorities said Monday they were investigating UBS, HSBC, Deutsche Bank and four other banks on suspicion of price fixing in the precious metals market.

Deutsche Bank to cut about 23,000 jobs: Sources

Deutsche Bank to cut about 23,000 jobs: Sources

Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday.

Deutsche slashes December Sensex target to 28,000

Global banking and financial services major Deutsche Bank Monday slashed its year-end Sensex target to 28,000 from 31,000 on concerns over global growth.