Deutsche Bank said Tuesday it will close one-fifth of its German branches to cut costs and adapt to changing
consumer habits in the wake of the coronavirus pandemic.
Germany's biggest lender Deutsche
Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country's financial sector looks to escape years of turmoil.
Germany's top lenders, Deutsche Bank and Commerzbank, plan to launch formal exploratory talks toward a possible merger, national media reported Sunday, following months of preliminary negotiations.
Two German unions on Wednesday firmly rejected the idea of a merger between top lenders Deutsche Bank and
Commerzbank, even as preliminary talks get underway after pressure from Berlin.
A pair of US congressional committees now under Democratic control have begun probing Deutsche Bank's business dealings with President Donald Trump, a spokesperson for the German bank said Thursday.
German prosecutors raided several Deutsche Bank offices in the Frankfurt area Thursday over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak.
Germany's largest lender Deutsche
Bank said on Thursday it will cut over 7,000 jobs and dramatically scale back its investment banking activities as it tries to turn the corner on years of losses.
German financial giant Deutsche Bank could cut up to 10,000 jobs as it looks to convince investors it is
serious about returning to profitability, according to media reports Wednesday.
Germany's biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of €28 billion in a routine operation, more than the entire bank is worth.
Trouble-plagued Deutsche Bank is to oust its British CEO John Cryan and replace him with one of his deputies Sunday, media reported, in a bid to get Germany's biggest lender back on track after years in crisis.
Germany's top lender Deutsche Bank on Friday said it had quadrupled bonus payouts to staff in 2017, despite booking a bigger-than-expected net loss for the year.
Investors are suing Germany's
biggest lender Deutsche Bank for €740 million, alleging they were
underpaid for shares in subsidiary Postbank, local media reported on Wednesday.
The US government has requested that
Deutsche Bank provide information on transactions potentially linked to
Michael Flynn, President Donald Trump's former national security advisor, The Wall Street Journal reported on Friday.
As it emerges from years dogged by scandal, Germany's biggest lender Deutsche Bank aims to up profitability and reclaim a place on the global stage to rival giant American competitors.
Shares in Germany's biggest lender Deutsche Bank gained in morning trading Thursday, after Bloomberg News reported it would move investment banking activities from London to its Frankfurt headquarters in response to Brexit.
A Deutsche Bank official said that due to logistical changes brought about by the UK leaving the EU, the bank may have to move as many as 4,000 positions out of the British capital.
New York and British authorities on Monday slapped nearly $630 million in fines on German banking giant Deutsche Bank over alleged money laundering in Russia, New York State's Department of Financial Services announced.
US officials on Tuesday formally announced a $7.2 billion settlement with the German lender Deutsche Bank, adding to a flurry of last-minute corporate resolutions by the outgoing administration of President Barack Obama.
Troubled German lender Deutsche Bank reported Thursday a surprise €256-million profit in the third quarter, compared with a loss of more than six billion in the same period last year.
