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Coronavirus threatens Deutsche Bank’s recovery

FRANKFURT — Deutsche Bank’s cancellation of its 150th anniversary ceremony is not the only celebration that Germany’s biggest bank is having to shelve as a result of the coronavirus outbreak.

Deutsche paints gloomy picture at investor gathering

FRANKFURT — Deutsche Bank pared back its revenue growth target on Tuesday, highlighting the tough task facing Germany’s biggest lender to revive its fortunes against a gloomy economic backdrop.

US to dig deeper into Deutsche’s role in Danske money laundering...

FRANKFURT/NEW YORK — The US Department of Justice (DoJ) has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200-billion euro ($220-billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters.

Deutsche Bank eyes job cuts of at least 10% in rates...

DEUTSCHE BANK AG is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender’s sweeping revamp in July.

Deutsche Bank seals deal to transfer prime assets to BNP

DEUTSCHE BANK AG has finalized a deal with BNP Paribas SA to transfer its prime brokerage business to the French bank as part of the German lender’s biggest overhaul in recent history.

Deutsche Bank faces battle in its own backyard as it charts...

FRANKFURT — Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender’s recovery.

Deutsche Bank chair searches for successor

DEUTSCHE BANK AG Supervisory Board Chairman Paul Achleitner is searching for his successor after overseeing a tumultuous period marked by multiple restructurings, top management changes and a slumping share price.

Deutsche Bank suffers $3.5-billion quarterly loss

FRANKFURT — Deutsche Bank reported a bigger than forecast quarterly loss of €3.15 billion ($3.5 billion) because of major costs stemming from its efforts to reshape its business.

Deutsche Bank pulls iconic artworks from its New York City lobby

A TRIO of large abstract paintings by artist Gerhard Richter, once a signature of Deutsche Bank AG’s cavernous lobby on Wall Street and a crown jewel of the company’s vast collection, has vanished from public view.

Deutsche Bank axes 18,000 jobs in restructuring

FRANKFURT/SYDNEY/HONG KONG — Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts in Asia.

Deutsche Bank plans to cut as many as 20,000 jobs in...

DEUTSCHE BANK AG is considering slashing headcount by more than a fifth in what’s shaping up to be its biggest makeover in years, two people familiar with the matter said.

Deutsche Bank, UniCredit start Brexit swaps move

DEUTSCHE BANK AG and UniCredit SpA moved some of their swaps trades from London to Frankfurt in May as banks used a lull in the ongoing Brexit drama to prepare for the worst.

Deutsche Bank, Commerzbank said at odds over timing of talks

DEUTSCHE BANK AG and Commerzbank AG are at odds over how quickly to update shareholders on their takeover talks, according to people familiar with the matter.

Deutsche Bank in talks with Commerzbank as turnaround fails

DEUTSCHE BANK AG, Europe’s once-dominant financial institution, threw in the towel on years of failed turnaround efforts and agreed to begin government-backed merger talks with Commerzbank AG.

Deutsche Bank faces merger pushback with jobs at risk

DEUTSCHE BANK AG faces stiff resistance from some supervisory board members to a merger with German competitor Commerzbank AG as the deal raises the prospect of tens of thousands of job cuts.

Deutsche Bank may cut bonuses

DEUTSCHE BANK AG may cut bonuses if its revenue fails to grow, Chief Financial Officer James von Moltke said on Monday.

Deutsche Bank weighs shake-up after setbacks

DEUTSCHE BANK AG is considering replacing senior executives who tend its relationships with regulators as authorities express frustration with the firm’s efforts to prevent financial crime, according to a person with knowledge of the matter.

BSP may need to tighten policy further — Deutsche Bank

SUCCEEDING rate hikes may need to be implemented by the Bangko Sentral ng Pilipinas (BSP) over the coming year in order to arrest faster inflation and keep the peso competitive, a global bank said.

Deutsche Bank says more BSP rate hikes necessary

Succeeding rate hikes may be needed for the Bangko Sentral ng Pilipinas (BSP) over the coming years in order to arrest faster inflation and...

Deutsche Bank slashes up to 500 investment banking jobs: report

Berlin -- Germany's biggest lender Deutsche Bank is letting hundreds of investment bankers go, Bloomberg News reported Monday, the latest round of deep cuts...