Deutsche Bank

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Deutsche Bank - Total results - 117
TCS all set to acquire Deutsche Bank's IT business by end of 2020
Business

TCS all set to acquire Deutsche Bank's IT business by end of 2020

Deutsche Bank has on Monday (9 November) announced an agreement concerning the sale of Postbank Systems AG to and Tata Consultancy Services (TCS) Ltd.

Gold prices slip after rising 1% in previous session as dollar firms up; weak equities cap losses
Business

Gold prices slip after rising 1% in previous session as dollar firms up; weak equities cap losses

Spot gold eased 0.2 percent to $1,689.45 per ounce by 0031 GMT, while plummeting US crude oil prices increased bullion’s safe-haven appeal on Monday.

Coronavirus Outbreak: European banks are well-prepared for a crisis, just not this particular one
World

Coronavirus Outbreak: European banks are well-prepared for a crisis, just not this particular one

The financial impact of the coronavirus — visible in shuttered factories, empty airports and desolate downtowns — makes government worst-case scenarios, a 4.3 percent decline in European Union economic output by the end of 2022, seem mild

Stock Market Today Latest Updates: Market ends in red on Day 1 of FY21; Sensex plunges over 1,200 points, Nifty below 8,300-mark
Business

Stock Market Today Latest Updates: Market ends in red on Day 1 of FY21; Sensex plunges over 1,200 points, Nifty below 8,300-mark

Stock Market Today LIVE Updates: Sensex 430 points down, Nifty below 8,600 mark; Kotak Mahindra, ONGC among top losers

Qbera could be merged with mValu, the fintech lending arm of InCred; a deal valued at $10-15 mn
News & Analysis

Qbera could be merged with mValu, the fintech lending arm of InCred; a deal valued at $10-15 mn

Qbera works with banks and NBFCs to process personal loans for employed and self-employed individuals.

HSBC lays off 150 employees supporting global operations from back offices in India as part of move to realign operations
Business

HSBC lays off 150 employees supporting global operations from back offices in India as part of move to realign operations

The move comes weeks after Deutsche Bank also started laying off employees supporting global operations as part of the exit from the equities business

Deutsche Bank faces battle in its own backyard as number of domestic and foreign banks muscle in on German lender's business
Business

Deutsche Bank faces battle in its own backyard as number of domestic and foreign banks muscle in on German lender's business

Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender’s recovery

Deutsche Bank posts second-quarter loss of $3.51 bn on restructuring costs, revenue likely to decline in 2019
Business

Deutsche Bank posts second-quarter loss of $3.51 bn on restructuring costs, revenue likely to decline in 2019

Revenue at Deutsche’s cash-cow bond-trading division dropped 4% in the quarter, while equities sales and trading revenue dived 32%, underscoring continued weakness at the lender’s investment bank.

Deutsche Bank's turnaround strategy rests on shedding 288 bn euros of unwanted assets; to offload most of its derivatives by 2020
Business

Deutsche Bank's turnaround strategy rests on shedding 288 bn euros of unwanted assets; to offload most of its derivatives by 2020

Deutsche Bank's derivatives plan is part of a broader restructuring, in which it will shed 18,000 jobs worldwide

Deutsche Bank layoff scare looms over employees involved in India operations, trimming of staff strength likely
Business

Deutsche Bank layoff scare looms over employees involved in India operations, trimming of staff strength likely

Deutsche Bank said on Sunday that it would not need to raise capital to initiate the cuts, which will result in it making a loss of 2.8 billion euros in the second quarter.

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin; to scrap global equities business
Business

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin; to scrap global equities business

Deutsche Bank had some 4,700 staff in Sydney, Tokyo, Hong Kong and Singapore, showed factsheets on its website.

Deutsche Bank faces FBI investigation for possible money-laundering lapses
World

Deutsche Bank faces FBI investigation for possible money-laundering lapses

The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank complied with laws meant to stop money laundering, a person with knowledge of the matter said on Thursday

'Presidential harassers': Donald Trump's legal woes spike as New York attorney general opens civil investigation into business deals
World

'Presidential harassers': Donald Trump's legal woes spike as New York attorney general opens civil investigation into business deals

New York's attorney general has opened a civil investigation into US President Donald Trump's business dealings, acting after his former personal lawyer and fixer told Congress that he exaggerated his wealth to obtain loans. Trump tweeted an apparent response Tuesday night, decrying his home state and its governor as "PRESIDENTIAL HARASSERS."

Germany confirms Deutsche-Commerzbank merger talks; top shareholders sceptical about the move
Business

Germany confirms Deutsche-Commerzbank merger talks; top shareholders sceptical about the move

Deutsche Bank has struggled to generate sustainable profits since the 2008 financial crisis.

Fed gives banks more stress test information, unveils 2019 scenarios; exempts less complex lenders from drive
Business

Fed gives banks more stress test information, unveils 2019 scenarios; exempts less complex lenders from drive

Thirty-four lenders passed the stress test last year, while Goldman Sachs and Morgan Stanley received conditional approvals that limited their capital distributions.

Tencent considering bid for South Korean gaming company Nexon: Report
News & Analysis

Tencent considering bid for South Korean gaming company Nexon: Report

Nexon founder Kim Jung-ju plans to sell a 98.64 percent stake in Nexon's holding firm NXC Corp.

Deutsche Bank's Ravneet Singh Gill in race for top post at Yes Bank to replace Rana Kapoor; new CEO's name to be disclosed after RBI approval
Business

Deutsche Bank's Ravneet Singh Gill in race for top post at Yes Bank to replace Rana Kapoor; new CEO's name to be disclosed after RBI approval

The Reserve Bank of India has asked Yes Bank RBI to find a new CEO by 1 February to replace current CEO Rana Kapoor.

RBI imposes fine of Rs 3 cr each on Deutsche Bank, J&K Bank for non-compliance of various norms
Business

RBI imposes fine of Rs 3 cr each on Deutsche Bank, J&K Bank for non-compliance of various norms

RBI said the penalties on these two banks have been imposed taking into account the failure of the banks to adhere to the directions issued by it.

DSP Group to buy out BlackRock stake in  JV; another foreign player exits Indian mutual fund space
Business

DSP Group to buy out BlackRock stake in JV; another foreign player exits Indian mutual fund space

DSP Group owns 60 percent stake in the JV while the remaining 40 percent is with BlackRock Inc.