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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 […]
[unable to retrieve full-text content] “Deutsche, wenn jemand nach 19 Uhr Glas in Container wirft.” View Entire Post ›
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 […]
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 […]
REUTERS/Arnd Wiegmann Spiegel: Deutsche Bank’s chairman wants Juerg Zeltner as the bank’s next CEO. Zeltner formerly ran UBS’ wealth management business. Deutsche Bank has begun searching for a new CEO after investors complained about current boss John Cryan’s slow turnaround plan. BERLIN (Reuters) – Deutsche Bank’s chairman Paul Achleitner is considering making Juerg Zeltner, the […]
REUTERS/Kai Pfaffenbach Deutsche Bank COO Kim Hammonds told a conference that the bank is the “most dysfunctional” company she has ever worked for. Hammonds made the comments at an internal managerial conference. Her comments come as it is reported that chairman, Paul Achleitner is preparing to oust CEO John Cryan after a clash over strategy. A top […]
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[unable to retrieve full-text content] View Entire Post ›
Mike Segar/Reuters The Commodity Futures Trading Commission (CFTC) will reportedly fine UBS, HSBC, and Deutsche Bank millions of dollars each for “spoofing” and manipulation in the U.S. futures market. For the first time, the CFTC launched a multi-agency investigation with the Justice Department and the FBI. Spokesmen for HSBC, Deutsche Bank and UBS declined to […]
REUTERS/Kai Pfaffenbach Deutsche Bank CEO John Cryan told Swiss daily Neue Zuercher Zeitung he expects fewer than 4,000 jobs to move from the UK to Frankfurt as a result of Brexit. The 4,000 figure was previously cited by one of the bank’s executives, but Cryan says the number is too high. Cryan confirmed the booking […]
