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Deutsche Bank

Axe falls on 18,000 Deutsche Bank jobs in USD 8.3 billion reinvention

In a retreat from a decades-long ambition to make its struggling investment bank, which employs 38,000 people, a force on Wall Street, Deutsche Bank said on Sunday it would scrap its global equities operations and cut some in fixed income.

Jul 08, 2019, 19:54 PM IST

Ravneet Gill to succeed Rana Kapoor as MD and CEO of Yes Bank

The private sector bank also posted a 7 percent fall in third-quarter net profit as it set aside higher provisions.

Jan 24, 2019, 15:43 PM IST

Deutsche Bank, HCL Technologies partner to build cloud-based digital cheque platform

Through advanced data analytics, the bank will enable its corporate and institutional clients to use data generated out of the platform, to better manage business flows and working capital.

Nov 06, 2018, 10:11 AM IST

ECB asks Deutsche Bank to gauge investment banking exit costs: Source

Germany`s biggest lender has been calculating the financial effects of a potential move to quit investment banking for some time, and the move is not related to the switch in Deutsche Bank`s top management position last Sunday when retail banking expert Christian Sewing was appointed to replace chief executive John Cryan.

Apr 16, 2018, 16:45 PM IST

Deutsche Bank picks retail specialist Christian Sewing as CEO

His promotion comes as the bank and its major shareholders debate the path forward for Deutsche`s investment banking unit, where revenues have slowed and key staff defected.

Apr 09, 2018, 11:27 AM IST

Deutsche Bank to cut up to 500 investment banking jobs: Report

Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

Feb 19, 2018, 23:54 PM IST

White House denies Trump bank records subpoenaed

The White House has denied that President Donald Trump's financial records had been subpoenaed from Deutsche Bank by the special prosecutor examining allegations of Russian election meddling.

Dec 06, 2017, 08:58 AM IST

US prosecutor demands information on Donald Trump from Deutsche Bank: Reports

US special prosecutor has subpoenaed Deutsche Bank for information on Trump's dealings, according to media reports.

Dec 05, 2017, 23:59 PM IST

After roads and railways, China's Silk Road agents eye financial firms

After ports and industrial parks, the dealmakers leading China`s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe`s banks, insurers and asset managers to tap funds and expertise. 

Sep 12, 2017, 07:21 AM IST

After roads and railways, China's Silk Road dealmakers eye financial firms

After ports and industrial parks, the dealmakers leading China`s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe`s banks, insurers and asset managers to tap funds and expertise. 

Sep 12, 2017, 07:21 AM IST

Deutsche Bank CEO calls on ECB to change course

Cryan said Frankfurt is the most natural location as a financial hub as banks move from London after Britain`s decision to leave the European Union.

Sep 06, 2017, 14:42 PM IST

SoftBank aims to raise $3 billion-$5 billion via bond issue

SoftBank Group Corp is targetting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans.

Jul 06, 2017, 10:38 AM IST

Deutsche Bank to support China's 'Belt and Road'

Deutsche Bank, Germany's biggest lender, said on Wednesday it would support three billion dollars' worth of development projects in partnership with China Development Bank (CDB).

May 31, 2017, 15:49 PM IST

US economy grows at tepid 1.2%; business spending softens

The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

May 26, 2017, 19:09 PM IST

SBI set to hire six banks for up to $2.3 billion share sale

State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to manage a share sale of up to 150 billion rupees.

May 26, 2017, 10:14 AM IST

OPEC set to prolong oil output cuts by nine months

OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

May 24, 2017, 11:07 AM IST

Adani Enterprises applies to Australian govt fund for coal mine railway financing

India`s Adani Enterprises has applied for financing from an Australian infrastructure fund to build a rail line that is part of a $16 billion coal project in the state of Queensland, Australia`s resources minister said on Monday.

Mar 13, 2017, 13:40 PM IST

Sanjeev Sanyal appointed Principal Economic Adviser in FinMin

Government on Friday appointed noted economist Sanjeev Sanyal as Principal Economic Adviser in the Ministry of Finance.

Feb 03, 2017, 19:57 PM IST

IMF chief gives Deutsche Bank tough advice, says need deal on fine

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany`s biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

Oct 07, 2016, 10:11 AM IST

Sensex reclaims 28,000-mark, climbs over 300 points ahead of monetary policy announcement

Rising for the second day, the 30-share index advanced 160.79 points, or 0.57 percent, to 28,026.75, with auto, realty, healthcare, metal, capital goods and consumer durable stocks leading the gainers.

Oct 03, 2016, 10:12 AM IST