How UBS Could Change the Way the World’s Biggest Banks Do Business
Swiss bank UBS ubs is leading a team of four of the world’s biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchain technology....
View ArticleDeutsche Bank Is Close to Settling Its Mortgage Securities Case
Deutsche Bank db is nearing a settlement with U.S. authorities on past mis-selling of mortgage-backed securities, two people close to the matter said. The case is one of many over the past decade which...
View ArticleDeutsche Bank Says DoJ Wants It to Pay $14 Billion to Settle Mortgages Case
The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany’s flagship lender said on Friday. The claim...
View ArticleDeutsche Bank Is Converting Corporate Loans Into Marketable Securities
Deutsche Bank db , which faces a hefty fine from the U.S. Department of Justice over mortgage-backed securities, is planning to convert billions of dollars of corporate loans into marketable...
View ArticleJudge Dismisses Some Claims Against Major Banks Accused of Rigging Prices
The U.S. judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion-a-day foreign exchange market on Tuesday narrowed, but refused to dismiss lawsuits against Deutsche Bank db...
View ArticleJPMorgan Tops Worldwide Investment Banking Rankings Again
JPMorgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues, while Deutsche Bank’s troubles ensured the top five were all...
View ArticleGoldman Is Reportedly Axing Nearly 30% of Its Asia Investment Bankers
Goldman Sachs is cutting almost 30% of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The...
View ArticleHere’s Why Deutsche Bank Shares Are Tanking Again Today
Deutsche Bank AG db will solve its problems without relying on help from Berlin, Germany’s flagship lender said Monday. “(Chief Executive) John Cryan at no point asked the German Chancellor for the...
View ArticleWhy Deutsche Can’t Bank on Germany in Fight with U.S.
"Zu gross, um Pleite zu gehen" doesn't have quite the same ring as "Too Big to Fail", but, eight years on, the phrase might finally be catching on in Germany. That’s because this time it appears to be...
View ArticleGermany Denies Preparing a Bailout Plan for Deutsche Bank
The German government denied it was working on a rescue of Deutsche Bank db as Germany’s biggest lender boosted its balance sheet by selling its British insurance business on Wednesday. Deutsche is...
View ArticleGermany Says No Bailouts for Deutsche Bank or Any Other Struggling Lenders
Germany will not help ailing lenders such as Deutsche Bank db , a senior lawmaker in Chancellor Angela Merkel’s conservative bloc said on Thursday, as resistance grew to any possibility of staging a...
View ArticleDeutsche Bank Admits ‘Perception Issue’ as Shares Slide
Deutsche Bank db shares were indicated down 6.2% ahead of the opening of the Frankfurt market on Friday, after Germany’s largest lender admitted it had an image problem with investors as fresh concerns...
View ArticleDeutsche Bank CEO Tells Employees There’s Nothing to Worry About
Deutsche Bank’s chief executive sought to reassure his staff on Friday that Germany’s largest lender remained robust, telling them that the departure of any hedge fund clients was small compared to the...
View ArticleHere’s the Entire Letter CEO John Cryan Sent Deutsche Bank Employees
Deutsche Bank's CEO wants to make it very clear to his employees that their company is not in trouble. John Cryan wrote an email Friday to try reassure to his 100,000 workers that they are working for...
View ArticleDeutsche Bank Is Racing to Meet a Settlement Before the Election
Deutsche Bank is throwing its energies into reaching a settlement before next month’s presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed...
View ArticleDeutsche Bank Shares Bounce Back After Rivals Voice Their Support
Shares in Deutsche Bank rose as much as 3.5% on Tuesday, benefiting from the support of its major clients and even rivals, rebounding after concern over its future last week sent the stock to a record...
View ArticleDeutsche Bank Is Reportedly Talking to Other Banks About Raising Capital
Deutsche Bank AG is in informal talks with securities firms to explore options including raising capital should mounting legal bills require it, Bloomberg reported on Thursday. Senior advisers at top...
View ArticleIMF Chief Lagarde Just Gave Deutsche Bank Some Tough Advice
IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany’s biggest lender needed to reform its business model and rapidly reach a deal with U.S. regulators over a...
View ArticleDeutsche Bank Shares Fall After Failing to Reach a Deal with the DOJ
Deutsche Bank shares fell more than 3% on Monday after Chief Executive John Cryan failed to secure a speedy deal with the U.S. Department of Justice (DoJ) at the weekend over the misselling of...
View ArticleSnapchat Has Chosen These Finance Giants to Lead Its IPO
Photo-sharing app Snapchat has chosen Morgan Stanley ms and Goldman Sachs gs as lead bankers for its initial public offering, which could happen as soon as March, Bloomberg reported, citing people...
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