City braces for job losses at Deutsche Bank March 20, 2014 INVESTMENT banking jobs will go at Deutsche Bank as the German lender plans to make its operations more efficient, the bank’s annual report said yesterday. By contrast the bank’s executive committee will be paid €38.5m (£3.2m) for the year, up 46.4 per cent on 2012’s payouts. It comes after a tough year for Deutsche Bank [...]
Deutsche Bank’s Anshu Jain sees the light? March 20, 2014 ASIDE from announcing a swathe of redundancies, Deutsche Bank has also released its annual report this week. Perhaps the only thing in the report more interesting than the increase in pay for its co-executives is this curious photo of co-chief executive Anshu Jain (as spotted by eFinancialCareers). Where is he looking? Has he seen the [...]
Deutsche takes a dim view of Manchester United player costs January 27, 2014 MANCHESTER United’s £37m record signing of Juan Mata from Chelsea, as well as the team’s current run of indifferent form, has prompted Deutsche Bank to downgrade its price target for the listed company’s shares from $21 to $16. “We now think we were too conservative in our player cost outlook,” says the Deutsche research team [...]
London Report: Deutsche’s loss knocks the FTSE and UK banks January 20, 2014 BRITAIN’S FTSE 100 stalled near an eight-month high yesterday, held back by weak banking shares as a surprise loss at Germany’s Deutsche Bank was seen as a bad omen for UK lenders’ results. Britain’s main share index, however, was expected to resume its uptrend soon and hit highs not seen since 1999, boosted by a [...]
Deutsche Bank hit by pre-tax loss of €1.2bn January 20, 2014 DEUTSCHE Bank slid to a €1.15bn (£1bn) pre-tax loss in its fourth quarter, it revealed last night, as one-off restructuring and litigation costs wiped out profits at the German lender. A poor performance in the bank’s corporate banking & securities (CB&S) division helped to drag group revenues down by 16 per cent to €6.6bn in [...]
Deutsche and Citi face foreign exchange probe January 15, 2014 DEUTSCHE Bank has suspended several traders in the Americas, while Citi’s offices in Canary Wharf were yesterday visited by US enforcement officers. The probes are part of wider investigations into the foreign exchange markets – regulators believe traders may have attempted to fiddle some benchmarks. The Deutsche Bank staff are thought to have been based in [...]