Picture this: Art-enriched offices make us more productive October 17, 2018 Some say a picture is worth a thousand words, but I like to think that art holds the key to unlocking a more productive economy. Recently, Frieze – which is one of the biggest events in the cultural calendar – saw the art world’s elite descend upon the capital. It’s a time of year when [...]
‘Fake news’: Deutsche Bank denies merger with UBS and Commerzbank September 26, 2018 Deutsche Bank has dismissed reports that it is considering a merger with UBS or Commerzbank as “fictions of the press”. Discussions about a tie-up with UBS had taken place in a strategy meeting with the supervisory board earlier in September, Handelsblatt, the German business daily, reported, citing unnamed sources. The sources reported that Deutsche Bank [...]
German watchdog calls for Deutsche Bank to crack down on money laundering September 24, 2018 Germany’s financial regulator, BaFin, has called on sector giant Deutsche Bank (DB) to take action against money laundering and terrorist financing, appointing a special auditor to monitor its progress. In a statement, BaFin called on the bank to adopt “appropriate internal safeguards” and “comply with general due diligence obligations”. It said it had appointed a [...]
Travelodge owners are preparing for £1bn sale or stock market floatation July 20, 2015 The owners of Travelodge are preparing to sell the hotel chain for a reported £1bn or otherwise float shares, according to the Daily Telegraph. Deutsche Bank have been appointed to advise the owners – investment bank Goldman Sachs and hedge funds Avenue Capital and GoldenTree Asset Management – on a potential sale or stock market [...]
Deutsche Bank’s Renaissance man: John Cryan is a cultured accountant ready to take on his biggest challenge June 9, 2015 With an encyclopedic knowledge of Mozart and a finely honed understanding of fine wine, Deutsche Bank’s new British boss John Cryan is a far cry from the masters of the universe-type banker. Cryan’s appointment at the top of Germany’s financial establishment has cast the spotlight on a man who, until Sunday, had worked in positions [...]
The City tells Deutsche Bank: Hard work on costs is not over yet June 8, 2015 Shares in Deutsche Bank climbed sharply yesterday after its co-chief executives agreed to stand down over the weekend, to be replaced with a turnaround veteran. But analysts and investors said that the hard work still lies ahead of the bank, which will have to prove to investors that it can cut costs and grow [...]
Deutsche Bank’s share price ends day 4pc higher as boss resignations continue to please June 8, 2015 Yesterday's resignation by Deutsche Bank co-chiefs Juergen Fitschen and Anshu Jain is still going down very well with investors. This morning, shares rocketed seven per cent in value, and have continued to do well throughout the day. When markets closed, they were 3.57 per cent higher at €28.60. Read more: As Deutsche Bank share [...]
Deutsche Bank bosses Anshu Jain and Jurgen Fitschen bow to pressure and quit June 7, 2015 Deutsche’s co-chief executives quit the global banking giant yesterday, bowing to mounting legal wranglings and shareholder pressure. Indian-born Anshu Jain, 52, will step down at the end of this month and co-chief executive Jurgen Fitschen, 66, will leave next May. British banker John Cryan, former UBS finance chief and current Deutsche board member, will become [...]
Deutsche Bank co-CEOs Anshu Jain and Juergen Fitschen resign, John Cryan to step up as replacement June 7, 2015 The co-chiefs of Deutsche Bank are resigning amid increasing pressure from investors over their management of a series of problems to have beset the bank. The German bank was hit with a £1.7bn fine over Libor manipulation in April, which co-CEO Anshu Jain took ultimate responsibility for, while fellow co-CEO Juergen Fitschen is embroiled in a legal [...]
Deutsche Bank eyes FinTech startups with innovation labs in London, Berlin and Silicon Valley June 4, 2015 Deutsche Bank is the latest big lender to turn to the startup world for business innovation, eyeing FinTech startups to help kickstart its €1bn (£735m) digital strategy with the opening of three new innovation labs in Europe and the US. The bank will partner with HCL, Microsoft and IBM to open centres in London, Berlin and Silicon [...]