Deutsche Bank staff in the City set for three-day work from home week April 29, 2021 Deutsche Bank plans a post-pandemic policy for its City staff that allows them to work from home for up to three days a week. The implementation of the hybrid working model is part of a wider initiative to encourage flexible working at the German financial giant. “It’s a range of 40 per cent to 60 [...]
Deutsche Bank chief Sewing prepared to give up investment bank role March 26, 2021 Deutsche Bank CEO Christian Sewing could give up his role overseeing the investment bank in a move likely to reassure regulators, a source said on Friday. The anonymous source said Sewing never intended to permanently keep the role since he added to his duties in a management overhaul in 2019. German business newspaper Handelsblatt reported [...]
Deutsche Bank boosts CEO pay by 46 per cent following return to profit March 12, 2021 Deutsche Bank raised CEO Christian Sewing’s pay by 46 per cent to $8.8m in 2020 as the bank revelled in profit after years of losses. Bonuses for the entire bank were up 29 per cent as it rewarded its senior staff for a pandemic-related trading boom. Some were less impressed with the rise, as call [...]
Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn March 10, 2021 Brits to boost UK GDP by £16bn in post-lockdown spending as excess savings balloons to £160bn
Deutsche Bank probes mis-selling of investment banking products January 25, 2021 An internal probe has begun in relation to Deutsche Bank’s engagement with clients after allegations of mis-selling investment banking products. The Financial Times reported that the German lender was investigating whether its staff mis-sold products to clients and conspired with these companies to share profits. The investigation into the breach of EU rules was triggered [...]
Deutsche Bank, ICAP and two German lawyers sued over tax bill January 19, 2021 Deutsche Bank, TP ICAP and two German lawyers are being sued by M.M.Warburg & Co. in an attempt to recoup a large tax bill it was ordered to pay over controversial Cum-Ex trades. The lawsuit was filed at a court in Hamberg, Bloomberg reported, where private bank M.M.Warburg is based. Last week Warburg said it [...]
Goldman Sachs and Deutsche Bank return London staff to home working November 2, 2020 Goldman Sachs and Deutsche Bank are to return non-essential staff in their London offices to home working ahead of the introduction of a new coronavirus lockdown in England on Thursday. Several major banks had been encouraging staff to return to their London offices in recent months following the relaxation of initial lockdown measures, but news [...]
Deutsche Bank swings to surprise profit in third quarter October 28, 2020 Deutsche Bank reported a surprise profit for the third quarter this morning despite its ongoing restructuring and the impact of the coronavirus pandemic. The lender posted a profit of €309m as its net revenues grew 13 per cent year-on-year to €5.9bn during the quarter. It saw profit attributable to shareholders rise to €182m, compared with [...]
Deutsche Bank ‘in talks to sell IT unit’ as cost-cutting continues October 22, 2020 Deutsche Bank is reportedly in talks to sell a IT services unit to Tata Consulting Services (TCS), one of Asia’s biggest software exporters, as the lender continues a cost-cutting programme. Talks about the sale of Bonn-based Postbank Systems to TCS are expected to result in a deal for the division by the end of the [...]
Nomura signs up Deutsche Bank veteran as chief risk officer in London October 5, 2020 Japanese investment bank Nomura has lured Aisling Doyle away from Deutsche Bank to oversee all risk-related matters at its Europen investment arm. Doyle will be based at Nomura’s office in the City, reporting directly to the global group’s chief risk officer, Sotaro Kato, as well as to Jonathan Lewis, CEO of Nomura’s European division and [...]