The CEO of the largest German lender has underlined the dramatic shifts that the banking industry faces over the next five years with technology due to play a “key” role in this period of change. “We are placing our bets on technology,” John Cryan, the chief executive officer of Deutsche ... Read More »
FRANKFURT, Germany (AP) — Nine years after the collapse of the U.S. housing market sent shockwaves through the global economy, two European banks have agreed to offer American homeowners and borrowers billions of dollars’ worth of help under a settlement related to the sale of risky securities that helped spark ... Read More »
German government bond yields dropped back towards six-week lows on Friday, giving up Thursday’s oil-induced rise as concerns over the health of the country’s biggest lender resurfaced. Deutsche Bank admitted it had an image problem with investors after reports on Thursday that a number of hedge funds had withdrawn cash ... Read More »
Crude oil futures rose on Thursday, adding to the previous session’s rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said trading clients have withdrawn excess cash and positions held in the largest German lender. Energy stocks fared better ... Read More »
They fell another 3% to €10.22 during morning trading on the Frankfurt stock exchange. Investors are increasingly worried about the financial health of the bank, which now faces a $14bn fine in the US for mis-selling mortgage-backed bonds before the financial crisis of 2008. “The plight of Deutsche Bank could ... Read More »
The U.S. Department of Justice asked Deutsche Bank, Germany’s biggest lender, to pay $14 billion to settle an investigation into the sale of residential mortgage-backed securities. The company said it has “no intent” to pay the huge sum tied to the bank’s sale of mortgages between 2005 and 2007 and ... Read More »
The tie-up will create one of the largest exchange companies in the world with a combined value of about £21bn. Under the terms of the deal, LSE shareholders will own 45.6% of the new holding company, while Deutsche Boerse shareholders will own 54.4%. LSE chief executive Xavier Rolet said the ... Read More »
