For Deutsche Bank, the new details on its historical ties to Epstein sets back a long-running effort to shake off the lender’s previous reputation as a magnet for scandals
Negotiations with Kotak, founded by billionaire Uday Kotak, and Blackstone Inc.-backed Federal Bank are ongoing and could still fall through
The sale process may involve divestment of items on its core balance sheet. RBL Bank likely to join the bid process
The assets on offer include personal loans and a portion of mortgage accounts.
The Germany-based bank has pledged to make its retail business more profitable
Deutsche Bank has roughly 8,500 people in tech, mostly in Pune and Mumbai.
The fundraising is managed by Deutsche Bank and structured as a five-year facility comprising non-convertible debentures (NCDs) with an expected yield of about 18%.
These funds, along with retained earnings and other statutory components, increase the capital at Deutsche Bank AG India branches to nearly Rs 30,000 crore, a 33% increase over 2023 levels
India has turned into a hotspot for dealmaking activity as around $9 billion has been raised via IPOs this year, according to data compiled by Bloomberg. The volume of deals involving Indian companies has climbed 28% to almost $78 billion, the data show.
The talks for raising additional debt come as the group seeks more time for interest payment of Rs 1,800 crore on the debt facility raised by group entity Goswami Infratech
The banks have paid between Rs 8.25 lakh and Rs 11.05 lakh, without admitting or denying the findings and conclusions
There is a growing trend of risk-transfer deals mainly by European banks to shore up their balance sheets and capital ratios. Risk-transfer trades like Barclays’ involve selling the risk of losses on a portfolio of loans to an investor that is typically a credit specialist or hedge fund. The investor wants the nice yields available from credit cards or other loans without having to do the nitty gritty of managing customers
The move by Deutsche Bank, effective from June, positions it as an outlier among firms mandating specific days for in-office presence.
'Litquidity' creator Hank Medina graduated from Cornell University’s business school in 2013.
From Farmer's protest in Brussels, Deutsche Bank job cuts to BoE interest rate decision and Apple, Microsoft's Q1 earnings beat, here's a look at recent business developments around the world.
The bi-monthly MPC meeting started on December 6 and the decision on rates will be announced on December 9.
The partnership means Deutsche Bank will, for the first time, be able to hold a limited number of cryptocurrencies for its clients, as well as tokenised versions of traditional financial assets, a Deutsche Bank spokesperson said.
The last time headline retail inflation came in lower than the Reserve Bank of India's medium-term target of 4 percent, COVID-19 was yet to take off in China
The Fed said on Wednesday that it had fined the bank's New York branch after concluding the bank had "made insufficient remedial progress under the 2015 and 2017 consent orders," relating to money laundering and sanctions violations.