Deutsche Bank Posts $975 Million Profit in Third Quarter
Deutsche Bank, Germany’s largest lender, said its third-quarter profit declined 3 percent, as a surge in investment banking revenue offset costs related to the firm’s legal problems and a cost-cutting...
View ArticleDeutsche Bank Says Earnings Will Be Weak
A day after prosecutors raided its headquarters in a tax-evasion investigation, Deutsche Bank disclosed that earnings would be weak, but called it "guidance" rather than a "profit warning."
View ArticleDeutsche Bank Posts Surprise $3 Billion Loss
The bank’s fourth-quarter loss reflected efforts to clear its books of bad assets and set aside more than $1 billion to cover legal proceedings and investigations.
View ArticleWith Set-Aside, Deutsche Bank Cuts 2012 Profit
The big German bank said its legal expenses related to sour mortgages and rate rigging would require it to reduce its previous 2012 profit total by $517 million.
View ArticleWarm Welcome at Deutsche Bank Meeting, Followed by Rancor
The annual Deutsche Bank shareholders meeting began with applause for Anshu Jain, the bank's co-chief executive, but attention quickly turned to the myriad problems that the bank has been trying to...
View ArticleDeutsche Bank Resists Pressure to Scale Back Its Global Ambition
The universal banking model is under attack by regulators, but Deutsche Bank seems determined to keep its two-track focus of branch network and investment bank.
View ArticleDeutsche Bank Plans to Extend Contract of Co-C.E.O.
Deutsche Bank announced on Wednesday that it planned to extend the tenure of its co-chief executive, Jürgen Fitschen, in a move aimed at pre-empting leadership questions at Germany’s largest financial...
View ArticleDeutsche Bank Warns of ‘Challenges’
Deutsche Bank said it would post a loss of nearly 1 billion euros for the fourth quarter and that it expected 2014 to be a "year of further challenges."
View ArticleDeutsche Bank Loss Underlines European Economy’s Dependence on Banks
The state Deutsche Bank and other financial institutions in Europe is crucial for the economy because European companies are more dependent on bank credit than American businesses.
View ArticleSufficient Financing to Aid Troubled Banks, European Officials Say
If ailing banks were not able to raise capital from investors, they would draw it from their own governments, and as a last resort, from the European bailout fund, Jeroen Dijsselbloem, the president of...
View ArticleDeutsche Bank Names Co-Head of Fixed Income
Richard Herman will become co-head of the fixed-income and currency trading business alongside Zar Amrolia, according to an internal memorandum reviewed by DealBook.
View ArticleDeutsche Bank Settles Dispute for $1.06 Billion
The heirs of the late media mogul Leo Kirch settled a long-running dispute over the collapse of his empire, which was the largest corporate downfall in Germany since World War II.
View ArticleDeutsche Bank Returns to Profit as Legal Costs Ease
Deutsche Bank, Germany’s largest, said it swung to a profit in the first quarter as it avoided the huge litigation expenses that characterized the end of 2013.
View ArticleDeutsche Bank Plans to Raise $11 Billion in Fresh Capital
Responding to regulatory pressure to reduce risk, the bank plans to raise about 8 billion euros, most of it in a rights issue likely to begin on June 24.
View ArticleDeutsche Bank Vows to Remain a Top 5 Investment Bank
Executives' pledges to make Deutsche Bank a winner in the sector were met with skepticism from shareholders at the company's annual meeting. Some shareholders also objected to executive pay.
View ArticleDeutsche Bank Shares Waver on Reports of Regulator’s Letter
News reports of the criticism by regulators is a setback for Deutsche Bank in its efforts to convince investors and the public that it is remaking itself to be more ethical and less risky.
View ArticleDeutsche Bank Profit Declines as It Sheds Risky Businesses
Deutsche Bank said second-quarter net profit fell 29 percent, to about $320 million, as the bank set aside more money for legal problems.
View ArticleExclusive Google ‘Camp’ Draws Elite to Sicilian Resort
Google has gathered business leaders, tech luminaries and celebrities for high-minded discussions of global issues as well as schmoozing and basking in the Mediterranean sun.
View ArticleGerman Prosecutors Charge Deutsche Bank Executives
Jürgen Fitschen and several former leaders of the bank have been accused of colluding to give false testimony in a long-running lawsuit over the collapse of a bank client's media empire.
View ArticleSufficient Financing to Aid Troubled Banks, European Officials Say
If banks were not able to raise capital, they would draw it from their governments or European bailout fund, the president of the Eurogroup said.
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