The United States flag hangs on the Federal Reserve Bank of New York, Tuesday, Aug. 4, 2020. (AP Photo/Mark Lennihan)
The United States flag hangs on the Federal Reserve Bank of New York, Tuesday, Aug. 4, 2020. (AP Photo/Mark Lennihan)The U.S. Federal Reserve said Friday it may remove certain foreign banks from its list of systemically important financial institutions as part of ongoing efforts to streamline post-2008 reforms and ease some regulatory burdens.

Deutsche Bank has hired nearly 30 people away from Standard Chartered in recent months in a bid to bolster its wealth management unit in China, a spokesperson for the German bank said on Friday, making it one of several firms to focus more on the space as China opens up its financial sector.

President Donald Trump pauses while speaking at the Trump campaign headquarters on Election Day, Tuesday, Nov. 3, 2020, in Arlington, Va. (AP Photo/Alex Brandon)
President Donald Trump pauses while speaking at the Trump campaign headquarters on Election Day, Tuesday, Nov. 3, 2020, in Arlington, Va. (AP Photo/Alex Brandon)Deutsche Bank executives are seeking to sever ties to U.S. President Donald Trump, over concerns about negative attention and growing regulatory and law enforcement scrutiny, before his loans come due, according to Reuters.

The moon shines next to the headquarters of the Deutsche Bank in Frankfurt, Germany, early Sunday, Oct. 4, 2020. (AP Photo/Michael Probst)
The moon shines next to the headquarters of the Deutsche Bank in Frankfurt, Germany, early Sunday, Oct. 4, 2020. (AP Photo/Michael Probst)Deutsche Bank’s success so far in its restructuring efforts have led Moody’s to affiirm the bank’s ratings and upgrade its outlook from negative to stable on its A3 long-term deposit and senior unsecured debt ratings, the ratings service said Tuesday.

British Prime Minister Boris Johnson leads a Cabinet meeting at the Foreign and Commonwealth Office, in London, Nov. 3, 2020. (Eddie Mulholland, Pool Photo via AP)
British Prime Minister Boris Johnson leads a Cabinet meeting at the Foreign and Commonwealth Office, in London, Nov. 3, 2020. (Eddie Mulholland, Pool Photo via AP)Major global banks are telling their staff based in the U.K. to go back to working from home, following the government’s new implementation of a several weeks-long lockdown measure, which is set to start on Thursday.

A giant ladle glows red after pouring molten iron in to a vessel inside the basic oxygen furnace as part of the processes of making steel. (AP Photo/Jeff Roberson)
A giant ladle glows red after pouring molten iron in to a vessel inside the basic oxygen furnace as part of the processes of making steel. (AP Photo/Jeff Roberson)Deutsche Bank has developed what it says is the world’s first hedging concept that directly links currency options to sustainability goals, and the bank said Thursday it signed an agreement with Primetals Technologies to put the framework to use.

Deutsche Bank headquarters in Frankfurt, Germany. (Photo by cmophoto.net on Unsplash)
Deutsche Bank headquarters in Frankfurt, Germany. (Photo by cmophoto.net on Unsplash)Deutsche Bank CEO Christian Sewing said Wednesday the German lender remains ahead of schedule on its restructuring efforts despite global economic headwinds, with the bank delivering a profitable third quarter driven by revenue growth in its investment bank and reduced costs.

The headquarters of Deutsche Bank in Frankfurt, Germany, Oct. 4, 2020. (AP Photo/Michael Probst)
The headquarters of Deutsche Bank in Frankfurt, Germany, Oct. 4, 2020. (AP Photo/Michael Probst)Deutsche Bank added an expert to its Asia-Pacific team focused on environmental, social and governance issues, in a further push to capitalize on a growing business segment for the bank.

In this July 2, 2020, file photo, Audrey Strauss, acting United States Attorney for the Southern District of New York, points to a photo of Jeffrey Epstein and Ghislaine Maxwell during a news conference in New York. (AP Photo/John Minchillo, File)
In this July 2, 2020, file photo, Audrey Strauss, acting United States Attorney for the Southern District of New York, points to a photo of Jeffrey Epstein and Ghislaine Maxwell during a news conference in New York. (AP Photo/John Minchillo, File)Apollo Global Management has hired outside legal counsel to review founder and CEO Leon Black’s relationship with convicted sex offender Jeffrey Epstein, after revelations that Black paid millions of dollars to Epstein for advice and services.

Deutsche Bank business customers will be seeing a streamlined offering of financial products, with the bank aligning three units into a single entity called Deutsche BizBanking, Germany’s biggest bank said Thursday.

California-based investment manager Capital Group has increased its stake in Deutsche Bank, the German lender revealed Tuesday, a vote of confidence in the financial institution as it continues its efforts to restructure.

A German prosecutor has fined Deutsche Bank EUR 13.5 million ($15.9 million) for waiting years to disclose suspicious money flows involving Danske Bank, the latest fallout from the lenders’ intertwined scandals.

Leon Black, co-founder of private equity firm Apollo Global Management, paid Jeffrey Epstein at least $50 million for advice and services after the now-deceased sex offender was first convicted of soliciting prostitution from a teenage girl, The New York Times reported Monday.

Deutsche Bank secured an upgrade from Fitch for the rating of its riskiest bonds after the bank surprised analysts with improvements in its capital buffer, the ratings agency said Monday.

Deutsche Bank said Monday that it has become the first European bank to secure approval from China to join its pilot scheme for the facilitation of foreign exchange receipts and payments for trade, which aims to “simplify and improve” foreign currency payments for cross-border trades.

Deutsche Bank released an online management tool that brokers insurance policies to customers, saying on Friday that it intends to become a larger player in the digital insurance business, beginning with property insurance.

Financial messaging service SWIFT revealed Thursday it is launching a new service aimed at helping a wider number of small business customers facilitate cross-border payments, and that it is working with more than 20 banks, including Wells Fargo and Deutsche Bank, to develop the platform.

Two former Deutsche Bank employees have been found guilty on fraud charges for their participation in illegal trading practices involving precious metals futures contracts.

Germany’s Commerzbank named its next CEO on Saturday, tapping industry veteran Manfred Knof from rival Deutsche Bank to fill the role as the bank looks to regain stability following a shareholder revolt.

Deutsche Bank is considering revising its work-from-home policy to allow employees to split their work between the office and their homes in the future, a bank spokesperson said Friday, as the lender looks for cost-cutting opportunities amid the global pandemic.