Banks' countries of origin have become important again and Deutsche Bank will continue its expansion in its home market, as well as in emerging markets and the U.S., Anshu Jain, head of the corporate and investment bank at Deutsche Bank, told CNBC in an interview.
Saturday, 19 May 2012 | Source: The New York Times
Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.
JPMorgan lost $15 billion in market value and a notch in its credit rating on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry.
Deutsche Bank agreed on Thursday to pay the federal government more than $200 million to settle accusations that it knowingly misled the Department of Housing and Urban Development about the quality of mortgages that later defaulted, the New York Times reports.
Companies are devising strategies to take advantage of growth in the northern part of the continent, while plotting more corporate austerity for the moribund south.
Options exchanges and other financial players worried about proposed new tax rules on U.S. dividend tax withholding for foreign investors will vent their objections at a public hearing held by the U.S. Internal Revenue Service on Friday.
There is “no stigma” for banks who tapped the European Central Bank’s cheap three-year loans, Deutsche Bank chief financial officer Stefan Krause told CNBC in an interview.
Thursday, 26 Apr 2012 | Source: The Associated Press
Deutsche Bank AG saw its first-quarter earnings fall by around a third as customers were more reluctant to trade and invest because of Europe's debt crisis.
Quarterly reports from some of Europe's top banks showed the scars of the euro zone crisis on Thursday, with big losses on Spanish property, and fragile markets casting a shadow over the rest of the year despite an early investment banking rebound.
A lot rests on the Revel, a 47 story property with a mirrored facade reflecting the sand, sea and sky right at its doorstep. New Jersey lawmakers are hoping the 20 acre resort casino will attract the new clients and added gambling revenue Atlantic City so desperately needs.
A pick-up in trading revenue in the first quarter of 2012 disguises a chilling future for investment banks who need to drastically cull their business under new regulation.
Watson Pharmaceuticals is close to buying Swiss-based Actavis for around $7 billion, marking the latest deal between generics companies seeking improved economies of scale, three sources familiar with the matter said.
Deutsche Bank said it received subpoenas and requests for information from U.S. and European Union agencies as part of a global probe into interbank offered rates and that it was also being sued over alleged dollar interbank rate manipulation.
Morgan Stanley shares have had a rough 2012, underperforming those of major competitors by so large a margin that the bank is now lagging even perennial post-crisis losers Citigroup and Bank of America according to certain metrics... Read More