Page 3 - Deutsche Bank

Taiwan punishes Deutsche Bank, others in currency speculation case

Taiwan's central bank said it had banned Deutsche Bank from trading Taiwan dollar deliverable and non-deliverable forwards and suspended it for two years from trading forex derivatives

Working from home after Covid-19 a privilege that must be taxed: Bank

Deutsche Bank undertook a survey to examine the major global shift toward remote work

Deutsche Bank logs a profit of $214 mn in third quarter, beats estimates

CEO Christian Sewing said the bank was continuing to make progress on a long-term restructuring aimed at improving profits by shedding less profitable or riskier lines of business

Our apps will be mainly cloud-based: Deutsche Bank's Dilipkumar Khandelwal

Dilipkumar Khandelwal offers insights on how the financial powerhouse is driving innovation through emerging technologies such as artificial intelligence and machine learning

Prosecutors drop money-laundering probe against Deutsche Bank managers

The economic crimes unit at the Frankfurt Prosecutor's Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases

Deutsche Bank CEO Sewing focused on strategy but won't rule out M&A

Speaking in an exclusive interview with Bloomberg TV, Sewing said he was "laser-focused" on executing on his four-year strategy, which runs through 2022. But pushed on whether that means no deal befor

Deutsche Bank CEO tells board mergers not a focus now: Report

Sewing made the statement at an annual supervisory board meeting held to discuss strategy

Goldman, Citi, HSBC hit pause on UK office return after Johnson plea

Goldman Sachs is encouraging its London employees to go back to working remotely if possible, though its Plumtree Court office will remain open for those who need it

Singapore, HK top destinations for suspect funds; China and India follow

Banks involved in suspec transactions are among global firms that profited from 'powerful and dangerous players', says report.

JSPL stock sheds 12% as Deutsche Bank files Suspicious Activity Reports

JSPL sent a total of $4.85 million in 2015 and a sum of $12.83 million in 2016

Global GDP to hit pre-coronavirus levels in mid-2021: Deutsche Bank

Deutsche raised its forecast for global GDP, expecting it to shrink 3.9% this year after predicting in May a contraction of 5.9% for 2020

We want to be a key player in distressed assets: Deutsche Bank's Shaparia

KAUSHIK SHAPARIA, chief country officer of Deutsche Bank in India, spoke to Raghu Mohan about the bank's local ambitions

Deutsche Bank infuses Rs 2,700 cr into India operations for expansion

This is the second time in less than two years that the bank has infused money into local operations consisting of 17 branches, after the Rs 3,800 crore investment in early 2019

New York prosecutors subpoenaed Deutsche Bank in Trump probe: Report

The prosecutors issued the subpoena last year, seeking financial records that the Republican president and his company had provided to the bank, the Times said, citing four unnamed people

Covid-19: Deutsche Bank reports second-quarter profit despite loan losses

Deutsche bank reported a small net profit of 61 million euros in the second quarter as cost-cutting and revenue growth outweighed increased loan losses due to the virus outbreak. The gain compared with a loss of 3.1 billion euros in the year-earlier quarter, when the bank had large expenses related to its ongoing restructuring. The Frankfurt-based bank said Wednesday it had cut its cost base by 10 percent to 4.8 billion euros as it presses ahead with a drawn-out transformation aimed at improving profitability by reducing costs and riskier investments and activities. The bank said that set-asides for loans that aren't being repaid rose to 761 million euros in the quarter, from 161 million euros in the same quarter a year ago. Revenues rose 1 percent to 6.29 billion euros. Chief financial officer James von Moltke said that the bank is fully on track with a restructuring that is shedding employees and reducing costs.

NY state penalises Deutsche Bank $150 mn for Jeffrey Epstein dealings

According to the release, the agreement marked the first enforcement action by a regulator against a financial institution for dealings with the financier

Corporates join hands in fight against Covid-19, make quarantine centers

Firms to set up isolation rooms, led by Apollo Hospitals

Business not as usual: YES Bank changes way banks, Mint Road are looked at

Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.

Newsmaker: Ravneet Gill and the big bet on the wrong bank

Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive

Why foreign lenders are rushing to invest in Indian retail banking space

Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals