A Deutsche Bank exec says he travels up to 10 days every month — and he’s been able to keep doing it for over 20 years because of a ‘magic combination’

Piers Constable A Deutsche Bank executive says he does eight triathlons a year — even while traveling 10 days a month for work. Piers Constable, a managing director based in New York City, says that he’s found exercising and traveling to be a “magic combination.” Constable said that he wakes up at 5 a.m. every day […]

Deutsche Bank is mulling a big pull back from Britain due to Brexit

REUTERS/Kai Pfaffenbach Deutsche Bank is considering moving 75% of its €600 billion in capital from London to Frankfurt. The German lender also plans to ring-fence its UK operation and simplify it, according to sources. Deutsche Bank is considering the moves after pressure from European regulators. FRANKFURT (Reuters) – Deutsche Bank is considering shifting large volumes […]

Deutsche Bank report reveals shortcomings in its screening process, raises anti-money laundering concerns

REUTERS/Kai Pfaffenbach Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth. The bank was previously fined nearly $ 700 million for allowing money laundering. Sample tests of investment bank customer files from several countries, including Russia, revealed gaps in the bank’s screening process. Deutsche Bank is […]

Deutsche Bank shares spiked after reports JPMorgan could be interested in a stake — but the bank is denying it

REUTERS/Ralph Orlowski Deutsche Bank shares popped 5% on Friday morning after a German business magazine said JPMorgan and the Industrial and Commercial Bank of China could be interested in taking a stake. JPMorgan has officially denied the story. LONDON — JPMorgan on Friday denied it had any plans to take a stake in Deutsche Bank […]

DEUTSCHE BANK: The downtrodden pound is set for a comeback

Scott Barbour/Getty Images The British pound has lost almost 6% against the US dollar in the last few weeks. Deutsche Bank thinks sterling could be set to rebound. A hawkish Bank of England, progress behind the scenes in Brexit talks, and improving fundamentals for the currency could all spur progress. LONDON — Just over a […]

European universal banks can succeed. But can Deutsche Bank?

AFTER just 18 days as Deutsche Bank’s chief executive, Christian Sewing had two tasks to perform on April 26th. The easy one, inherited from his ousted predecessor, John Cryan, was to report predictably glum first-quarter results. Net profit dropped by 79%, year on year, to only €120m ($ 147m). Harder was indicating where he might […]

Deutsche Bank gets a new chief executive

THE supervisory board at Deutsche Bank, Germany’s biggest lender, has been sounding out replacements for its chief executive for weeks. On April 8th it made its choice: Christian Sewing, an experienced insider. He starts with immediate effect, replacing John Cryan, who became joint chief executive in 2015 and sole boss a year later. It is […]

Deutsche Bank’s cohead of investment banking is reportedly thinking about leaving

REUTERS/Kai Pfaffenbach Garth Ritchie, Deutsche Bank’s top markets chief and global cohead of investment banking, is thinking about leaving the firm as soon as this year, according to a report from The Wall Street Journal. The WSJ’s Jenny Strasburg reports that Ritchie has had “multiple conversations” with Deutsche Bank’s chairman, Paul Achleitner, about leaving the […]

Merkel’s party bought voter data from Deutsche Post during 2017 election race – report

Germany’s national mail service Deutsche Post reportedly sold personal data, including information on voters’ gender, wealth and consumer habits, to Chancellor Angela Merkel’s CDU party ahead of the 2017 elections. Both the Christian Democrats (CDU) and the Free Democratic Party (FDP) began acquiring information from a Deutsche Post subsidiary in advance of the September 2017 […]