Deutsche Bank

Deutsche Bank puts India retail banking business up for sale: Report

The Germany-based bank has pledged to make its retail business more profitable

Deutsche Bank cuts costs by 30% with Cloud migration: CTO Bernd Leukert

Deutsche Bank has roughly 8,500 people in tech, mostly in Pune and Mumbai.

Shapoorji Pallonji raises fundraising target to $3.25 billion to refinance debt

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%.

Germany's Deutsche Bank pumps Rs 5,110 crore into India operations

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

Deutsche Bank said to hire Moelis’ Mazumder for India dealmaking

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.

Shapoorji seeks Rs 2,000 crore from Davidson Kempner, Deutsche Bank to make interest payments

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

Deustche Bank, HSBC, HDFC Bank, Citi Bank settle with Sebi following allegations of FPI norms violations

The banks have paid between Rs 8.25 lakh and Rs 11.05 lakh, without admitting or denying the findings and conclusions

Barclays, Deutsche Bank are back into credit derivatives. Stay calm

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

No WFH on Mondays & Fridays: Deutsche Bank tells staff to ramp up office use

The move by Deutsche Bank, effective from June, positions it as an outlier among firms mandating specific days for in-office presence.

Mastermind behind meme account that took a dig at Wall Street giants revealed

'Litquidity' creator Hank Medina graduated from Cornell University’s business school in 2013.

World Street | Deutsche Bank layoffs; Meta, Apple's earnings beat; BoE holds rates; Canadian small businesses' bankruptcy threat

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.

RBI unlikely to cut rates before June: Deutsche Bank

The bi-monthly MPC meeting started on December 6 and the decision on rates will be announced on December 9.

Deutsche Bank to hold crypto for institutional clients

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.

Deutsche Bank sees India's CPI inflation dipping below 3% in July 2024

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

US Fed fines Deutsche Bank $186 mn over 'unsafe' practices

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.

Deutsche Bank set to finalise Postbank IT integration project this weekend

Germany’s largest bank began acquiring Postbank, with its millions of clients and roots in the country’s postal system, in 2008 during the global financial crisis, but it has struggled to complete its integration.

Delayed monsoon can impact inflation; expect FY24 CPI at 5.2%: Deutsche Bank

July will be a key month as poor monsoon could drive a potentially sharp spike in July food price inflation, it said, adding that in the last two episodes of lower rainfall in 2009 and 2014, there were spikes in the month.

Greenpeace climbs Deutsche Bank HQ to protest climate investment policies

The action comes a day ahead of DWS's annual shareholder meeting.

Deutsche Bank forecasts earlier, milder recession for the US

The US Federal Reserve has hiked interest rates 10 times consecutively since March 2022 to tame inflation. This is on record one of US central bank’s most aggressive rate-hike cycles in recent history

Deutsche Bank to pay $75 million to settle lawsuit from Epstein victims, lawyers say

The lawsuit asserted that the bank knowingly benefitted from Epstein's sex trafficking and 'chose profit over following the law' to earn millions of dollars from the businessman.

IIFL Finance raises $100 mn from Export Development Canada, Deutsche Bank

The Fairfax-backed company said it has received USD 50 million each from Export Development Canada and Deutsche Bank, and this round is the second investment by the Canadian institution, which had invested USD 100 million in 2019.

Deutsche Bank's slump, relief for Paytm & a smallcap healthcare company | Market Minutes

In this episode of Market Minutes, Shailaja Mohapatra talks about - Deutsche Bank's falling share price, relief for Paytm from RBI, Crompton Greaves Consumer Electricals and Butterfly Gandhimathi merger, and Sunil Singhania's stake buy in TTK Healthcare. Also catch Siddhartha Khemka of Motilal Oswal Financial Services share his market outlook for the week. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.