Deutsche Bank slashes 3,500 jobs in £1.4bn cost-cutting effort February 1, 2024 Deutsche Bank is set to cut 3,500 jobs in an attempt to save €1.6bn (£1.4bn), as the bank has reported a fourteen per cent drop in profits. The bank is understood to have about 6,000 employees in London out of over 90,000 globally, meaning if job cuts were spread evenly, the UK would see around [...]
Santander, Deutsche and UBS: European banks’ earnings set to be challenged by interest rate peak January 29, 2024 Investors will be looking at how some of Europe's biggest banks grapple with a likely peak in interest rates and an uncertain economic picture when they report full-year results this week.
Why Deutsche Bank reckons the UK economy will avoid a recession in 2024 January 3, 2024 The UK economy outperformed all expectations in 2023, but it was hardly a vintage year. Here are some reasons why 2024 might be better.
Deutsche Bank: Boss says firm is finally ‘robust’ but needs to do ‘better job’ explaining investment bank November 29, 2023 Deutsche Bank chief executive Christian Sewing has said he wants to "reward the shareholders" on the back of cost reductions but noted continued market uncertainty over the firm's investment banking business.
Deutsche Bank appoints company veteran to head UK and Ireland following Numis deal November 14, 2023 Deutsche Bank has chosen long-serving Vathany Vijayaratna to become chief executive of its UK and Ireland division effective immediately, subject to regulatory approval.
Deutsche Bank guides to top end of guidance despite interest rate woes October 25, 2023 Investment bank revenue slumped at German giant Deutsche Bank but profits still beat expectations
‘Deutsche Numis’: Deutsche Bank completes acquisition of City broker October 13, 2023 The tie-up was one of the largest examples in the consolidation of smaller investment banks in the UK and around the world as smaller investment banks are rocked by a deals slowdown and an M&A drought.
DWS to pay $25m to end US probe into greenwashing September 25, 2023 Deutsche Bank-controlled (DBKGn.DE) investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures in policies designed to prevent money laundering, U.S. regulators said on Monday.
DWS in advanced talks with SEC to resolve greenwashing investigation July 26, 2023 DWS, the German fund manager controlled by Deutsche Bank, said on Wednesday it was engaged in advanced resolution discussions with the US SEC to resolve their ESG investigation, which has been hanging over the company for two years. The firm booked €21m in provisions regarding regulatory matters during the first half of the year. Since [...]
Deutsche Bank flags cost cuts as investment bank slump lowers profit July 26, 2023 Deutsche Bank on Wednesday posted a 27 per cent fall in second-quarter profit as investment banking revenue slumped and warned of the need for cost cuts even though higher interest rates fuelled gains at its retail division. The German lender downgraded its outlook for the investment bank, saying it now expected revenues to be slightly lower [...]