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.
Scandal-plagued Danske Bank worked with Deutsche Bank to facilitate more than $600 million in suspicious trades between 2012 and 2015 through its branch in Lithuania, according to Danish media.
A U.K. financial watchdog reportedly urged banks and investment managers to more closely supervise employees working from home as financial firms scale back return-to-office plans amid a resurgence of COVID-19 in the country.
A German court sided with Deutsche Bank on Wednesday in a yearslong dispute over whether it owed another German bank money for unpaid taxes linked to the “Cum-Ex” tax scandal, while opening the door to litigation against other parties.
Several major global banks and financial firms invested in U.K. startup CloudMargin, leading a funding round for its cloud-based collateral and margin management product.
Deutsche Bank’s chief financial officer continued to express confidence Tuesday that the investment bank will reach restructuring targets by 2022, despite the challenges presented by the COVID-19 pandemic.
Experts say a recent report about the potential laundering of trillions of dollars through the world’s biggest banks showcases a toothless regulatory system that’s regularly abused by banks, with little set to change unless direct action is taken by the government to modernize the reporting of illicit behavior.
A U.S. federal judge approved an aggregate $187 million settlement agreement resolving an antitrust class action against seven of the world’s largest banks that claimed the banks colluded to misreport and manipulate LIBOR rates, harming eurodollar investors.
The world’s largest banks are better equipped to handle the current crisis than the rest of the sector as a result of regulation and restructuring imposed after the 2008 financial crisis, Moody’s said Thursday.
Former students at ITT Technical Institute, a for-profit college that went bankrupt in 2016, will be forgiven of $330 million in private student loans that trusts set up by Deutsche Bank made, under a settlement with U.S. authorities.