In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
In a statement Deutsche Bank said, it has hired Olivier Vigneron as its chief risk officer from France’s Natixis. The announcement marks the second major personnel hiring: earlier last week on Friday, it had announced the nomination of Dutch businessman Alexander… Read More ›
In a statement Deutsche Bank said it has launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy. “The set of four… Read More ›
On Friday, in a move that is likely to reassure regulators, Deutsche Bank CEO Christian Sewing said, Deutsche Bank is willing to give up his role of overseeing the investment bank in the foreseeable future. Deutsche Bank, Germany’s biggest bank,… Read More ›
In a statement, Southeast Asian ride-hailing and food delivery giant Grab said, it has raised $2 billion from its first term loan, in what is said to be the biggest institutional debt in Asia’s technology sector. The development comes as… Read More ›
Babej joined Citi in 2010 as its co-head having previously worked at investment bank Lazard and Deutsche Bank. On Thursday, in an internal memo Citigroup Inc stated, it has named Peter Babej, who currently is its current global head, as… Read More ›
Deutsche Bank has now taken several remedial measures to mitigate the issues revolving around its hiring practices and internal accounting controls. In a statement the Securities and Exchange Commission (SEC) stated, Deutsche Bank has agreed to pay more than $16… Read More ›
The IPO values Budweiser Asia, AB InBev’s Asia-Pacific business, at 16-18 times its enterprise value (EV) to EBITDA. This will be the biggest IPO to hit the market in 2019. In a significant development, Anheuser-Busch InBev NV stated, it is… Read More ›
This is what Christian Sewing’s Deutsche Bank’s CEO told shareholders at the bank’s annual general meeting. On Thursday, Deutsche Bank’s chief executive Christian Sewing informed shareholders that he was ready to make “tough cutbacks” on its investment banking business…. Read More ›
Both banks have cited growing risks which impact synergy as reasons for calling off the merger. On Thursday, Deutsche Bank and Commerzbank stated, they have ended their merge talks. The announcement has cited restructuring costs, execution risks, and capital requirements,… Read More ›
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