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Can Deutsche Bank Dig Itself Out of Its Massive Hole?
Deutsche Bank db has kept a tight ship this week, with little in the way of firm news to say how it will cope with the Department of Justice’s $14 billion claim against related to misselling...
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Deutsche Bank to Pay $38 Million in U.S. Silver Price-Fixing Case
Deutsche Bank has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court...
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HSBC Hires Ex-Goldman Banker to Help Drive Market Share
Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues. Former...
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Hearst Acquires Aviation Software Company
Hearst said on Wednesday that it is acquiring aviation software firm Camp Systems, in a deal that will boost the storied media firm’s investments in the transportation sector. The value of the deal was...
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Deutsche Bank Reports a Surprise Profit as It Braces for a Huge DOJ Fine
Deutsche Bank chief John Cryan pledged on Thursday to redouble restructuring efforts, warning that the bank faces tough times as it seeks to finalize talks with U.S. justice authorities over a multi...
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Meet the Chinese Fund Helping Deutsche Bank Through Its Crisis
In the checkered history of foreign-Sino joint ventures, Deutsche Bank’s db 30% stake in Beijing-based Harvest Fund Management has proven a savvy investment – and may provide the German bank with a...
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CEO Daily: The Best in Business Reading
Good morning. Patience is the theme this week. I've heard more than one person muse that "long-form" is a misnomer for a certain type of journalism. Well, not really a misnomer in the sense that many...
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Deutsche Bank Wants Bonus Millions Back From Its Former CEOs
Deutsche Bank db , facing billions of dollars in fines from the U.S. Deparatment of Justice and other regulators, is looking to claw back some of the millions it paid to the managers who landed it in...
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Citi and J.P. Morgan Just Topped the Global Regulators List of Important Banks
Citi has joined J.P. Morgan jpm at the top of global regulators’ list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help...
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The Era of Cloud Price Discounts Is Fading
Not so long ago, the discussion of whether businesses should use Amazon, Microsoft, or Google data centers instead of their own, centered mostly around pricing. The conventional wisdom was that cloud...
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This Big Bank Is Literally Going to Read Your Mind Before Deciding to Hire You
Sharp suit? Winning smile? Graduated from a prestigious school? It still might not be enough to score a job at a top bank if your neural waves look suspicious. Royal Bank of Scotland Group rbspf has...
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The U.S. Is Suing Barclays and Two of Its Former Executives For Mortgage...
The U.S. Department of Justice on Thursday sued Barclays bcs and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial...
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Deutsche Bank Agrees to a $7.2 Billion Settlement with the U.S.
Deutsche Bank db has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The...
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Credit Suisse Agrees to $5.3 Billion U.S. Mortgage Settlement
Credit Suisse has agreed in principle to pay U.S. authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial...
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Deutsche Bank’s former co-CEO Is Back on Wall Street
Anshu Jain, the controversial former co-chief executive of Germany’s Deutsche Bank, is returning to Wall Street as president of investment bank Cantor Fitzgerald LP. “With this outstanding addition, we...
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Deutsche Bank’s Anti-Money Laundering Head Just Quit After 6 Months
It seems Deutsche Bank isn’t out of the woods quite yet. Germany’s largest bank could have been forgiven for thinking it had turned a corner at the end of 2016: Its share price rocketed after it...
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Frontier Airlines Is Reportedly Preparing Its IPO
Low-cost carrier Frontier Airlines is preparing for an initial public offering and has hired banks to plan the debut, The New York Times reported, citing people familiar with the matter. Frontier...
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Deutsche Bank Is Getting Rid of Bonuses for Top Bankers
Deutsche Bank is reportedly scrapping individual bonuses for its most senior employees. Vice presidents, directors and managing directors, and members of the management board will forgo their bonuses,...
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The Largest U.S. Home Rental Firm Just Raised a Reported $1.5 Billion in Its IPO
Invitation Homes, the largest U.S. home rental company, raised $1.54 billion in an initial public offering on Tuesday, the company said, setting the stage for a pick-up in IPO activity in 2017. The...
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Chuck E. Cheese Is Reportedly Being Readied For a Sale or IPO
The buyout firm that owns Chuck E. Cheese has hired investment banks to help it prepare for either a sale or initial public offering (IPO), people familiar with the matter said on Tuesday. Irving,...
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