Deutsche Bank in strategy shift to address tech woes

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is creating a new technology division in a strategy shift designed to reduce complexity and lower costs while transforming systems that have held... Read more »

China drafts bar for net capital of banks’ wealth management units

BEIJING (Reuters) – China released draft rules on net capital management of commercial banks’ wealth management units on Friday, a follow-up move to regulate the risk of country’s newly... Read more »

Legal expert Dagmar Valcarcel to join Deutsche Bank’s supervisory board: report

BERLIN (Reuters) – Dagmar Valcarcel, a legal expert, will join Deutsche Bank’s supervisory board, German newspaper Handelsblatt said on Wednesday without naming its sources. The newspaper said the position... Read more »

Big ax falls as Deutsche Bank to lay off 18,000 in $8.3 billion ‘reinvention’

FRANKFURT/SYDNEY/HONG KONG/NEW YORK (Reuters) – Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro... Read more »

Deutsche Bank careers curtailed with an envelope, a hug and a cab ride

HONG KONG/LONDON (Reuters) – Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time... Read more »

Deutsche Bank capital-boosting debt dips on restructuring fears

LONDON (Reuters) – Deutsche Bank’s capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany’s biggest lender may face in a planned overhaul.... Read more »

Scotiabank to sell Puerto Rico, U.S. Virgin Islands operations to Oriental Bank

(Reuters) – Scotiabank, Canada’s third biggest lender, said on Wednesday it would sell its operations in Puerto Rico to Oriental Bank for C$550 million in cash. The bank will... Read more »

Exclusive: Deutsche Bank braced for continued Fed restrictions on U.S. business – sources

NEW YORK (Reuters) – Deutsche Bank AG executives expect U.S. regulators to continue to impose restrictions on its Wall Street investment bank even if it passes an annual health... Read more »

Senate Democrats seek Fed probe into Deutsche Bank and Trump

FILE PHOTO – Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt, Germany, May 23, 2019. REUTERS/Kai Pfaffenbach WASHINGTON (Reuters)... Read more »

Deutsche Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

WASHINGTON (Reuters) – Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law,... Read more »