Germany’s two largest lenders, Deutsche Bank and Commerzbank, have confirmed they are in merger talks, bowing to pressure from the government. Both banks saw their share prices collapse by more than half last year. Germany’s...
Hudson Executive has built a 3.1-percent stake in Germany’s biggest lender to become one of its major shareholders. The New York-based fund said it believed in CEO Christian Sewing to turn around the ailing business....
When a little-known online payments firm from a small German town called Aschheim overtakes Deutsche Bank in stock market value, people tend to take notice. What makes Wirecard tick? It’s as valuable as it is...
Since the outbreak of the financial crisis in 2007, financial institutions have paid more than Qatar’s GDP in fines for their wrongdoings. As investigations and lawsuits continue, that number is expected to grow. $150 billion...
Deutsche Bank, with $2 trillion in assets, amounting to 58% of Germany’s GDP, one of the most globally interwoven banks, with gross notional derivatives exposure of €46 trillion, right at the top along with JP...
Deutsche Bank is back on top, though on the wrong peak. According to a recent IMF report, it poses a bigger threat to the global financial system than any other bank in the world. For...
Shares of Deutsche Bank have plunged 57% since July 31, to a new 30-year low today of €13.71. Since the beginning of the year, they lost 38%. Credit Suisse plunged 8.3% today to CHF 13.01,...
After write-downs translating into an estimated loss of 6.2 billion euros ($7 billion) in the third quarter, John Cryan, Deutsche’s new co-head, is zeroing in on the bank’s structure. “We want to create a bank...
Yet another German lender has announced it will end any speculative food trading after noting that such banking activities had proved controversial. The government in Berlin welcomed the move. Germany’s cooperative DZ Bank confirmed Monday...
Deutsche Bank co-chiefs Jürgen Fitschen and Anshu Jain have pledged to shareholders they will press ahead with changing corporate culture. Re-establishing public trust in Germany’s biggest bank is the new campaign’s aim. In the past,...
