Search Results for: Deutsche Bank
Deutsche Bank probes $6 billion suspected money laundering
June 8th, 2015
Deutsche Bank AG (DBKGn.DE) is looking into possible money laundering transactions by some of its clients in Russia which could exceed $6 billion, a source familiar with the matter told Reuters on Friday. Transactions conducted over a period of ...
Deutsche Bank appoints John Cryan to succeed Jürgen Fitschen and Anshu Jain
June 8th, 2015
The Supervisory Board of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) decided at an extraordinary meeting today to appoint John Cryan (54) to the position of Co-Chief Executive Officer, effective July 1, 2015. Mr. Cryan has been a member ...
Deutsche Bank to launch three tech startup labs in 2015
June 3rd, 2015
Deutsche Bank aims to launch three technology innovation labs in Berlin, London and Silicon Valley this year designed to accelerate development of so-called “fintech” companies which could aid the banking sector and its clients. Germany’s largest lender, grappling with ...
Citigroup Hires Deutsche Bank’s Hayashi for Japan Markets
June 3rd, 2015
Citigroup Inc., the third-largest U.S. bank by assets, hired Kuniyoshi Hayashi from Deutsche Bank AG to head its Japanese markets and securities division. Hayashi will join Citigroup Global Markets Japan Inc. on Aug. 11 as a managing director and ...
SEC Charges Deutsche Bank With Misstating Financial Reports During Financial Crisis
May 27th, 2015
The Securities and Exchange Commission today charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the ...
Deutsche Bank Suspends Moscow Traders
May 21st, 2015
Traders allegedly breached anti-money-laundering rules Deutsche Bank AG said it has suspended several Moscow-based traders over allegedly breaching anti-money-laundering rules, adding to the list of legal woes at Germany’s largest lender. “We have placed on leave a small number of individuals ...
BofA Paying $315 Million to Settle With BNP, Deutsche Bank
May 6th, 2015
Bank of America Corp. agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp. related to fraud losses at failed lender Taylor Bean & Whitaker Mortgage ...
Morgan Stanley Says Litigation with Deutsche Bank Could Cost It Around $300 Million — Filing
May 5th, 2015
Suit over legacy-mortgage matters continues Morgan Stanley said on Monday that a continuing lawsuit with Deutsche Bank over legacy mortgage matters could cost it nearly $300 million. In April 2014, Deutsche Bank accused Morgan Stanley in a complaint of making false representations ...
Deutsche Bank is to invest up to €1 billion in digital technologies
April 29th, 2015
Investment is part of the German bank’s restructuring strategy, which aims to achieve annual savings of €3.5 billion by 2020. Deutsche Bank is to invest up to €1 billion to deploy digital technologies across all of its businesses over ...
Deutsche Bank announces next phase of strategy
April 27th, 2015
Reaffirming commitment to being a leading global bank based in Germany Key decisions Deleveraging CB&S to build a more focused investment bank, with planned gross leverage reduction of approximately EUR 200 billion and redeployment of EUR 50-70 billion in ...
