Deutsche Bank has fired three currency traders in New York as regulators worldwide ramp up their investigations into potential manipulation of the $5-tril-a-day foreign exchange market, according to a person briefed on the matter.
Deutsche Bank has a truly global reach. Throughout the world, the bank active in many markets, economies and financial sectors. But despite its size, focus and purpose flows through the organization. Many voices, many cultures, many disciplines, many ways of looking at the world. One clear vision. Deutsche Bank is diverse in the widest sense of the word.
The foreign-exchange trading business was in upheaval across Wall Street as senior executives resigned and others were fired amid an expanding probe of possible currency manipulation.
Deutsche Bank and Saint-Etienne, a centuries-old town in France’s Massif Central region, settled a four-year-old 'toxic' loan spat this week. But the town’s woes aren’t over as other banks aren’t playing ball, its mayor said.
The reputational risks surrounding Deutsche Bank have grown and it still has some way to go to win back public trust and prove it can overhaul its corporate culture, the bank's two chief executives said on Wednesday.
Citigroup is increasing its gas and power business in Europe as competitors from Bank of America to Deutsche Bank withdraw amid tighter regulation and staff cuts at utilities.
Deutsche Bank is confident it can reach its profitability targets for 2015 despite reporting a surprise loss of almost $1.56 billion in the fourth quarter of 2013, the bank's co-chief executive told CNBC.
Sad to report.
Former Deutsche Bank executive Brian Mulligan failed to convince a jury that Los Angeles police used excessive force in 2012 when they allegedly kidnapped him, brought him to a motel and broke his nose in 15 places after beating him with a baton.
Deutsche Bank has made 2014 into a make-or-break year for co-Chief Executives Anshu Jain and Juergen Fitschen, who have stuck to ambitious targets for the bank that could be threatened by its long list of legal problems.
Here's some links to a few interesting Bloomberg, New York Post and Reuters stories currently doing the rounds.
Deutsche Bank has announced five senior additions to its Equities business in North America.
Now this is a first.
To hire, or not to hire..
Cash is no longer King.
Deutsche Bank is considering John Cryan, the former finance chief of UBS, as a potential replacement for co-Chief Executive Anshu Jain should he be implicated in an ongoing investigation into currency manipulation, a German magazine reported on Wednesday.
Just one week after the shock suicide of Bernie Madoff's son Mark, the financial markets have been rocked by the tragic death of 27-year-old Citi analyst Jessica Fashano, who died early Saturday morning.
Here's the latest on the 'Movers & Shakers' front.