Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Deutsche Bank"


25 mentions found


With more than six months until the year ends, U.S. initial public offerings have already totaled $171 billion, eclipsing the 2020 record of $168 billion, according to data from Dealogic. Excluding proceeds from SPAC IPOs, traditional listings of big names, including South Korean e-commerce giant Coupang Inc(788.F), have raked in $67 billion this year, keeping 2021 on track to be the biggest year for such IPOs. Capital markets bankers and lawyers estimate that companies could end up raising close to $50 billion through traditional IPOs, excluding SPACs, before the end of the September quarter. So there's really been an explosion in the size of transactions as well," said Jeff Bunzel, global co-head of equity capital markets at Deutsche Bank. In 2020, SPAC volumes accounted for less than half of the total IPO proceeds.
Persons: Carlo Allegri, Didi Chuxing, Eddie Molloy, Morgan Stanley, we'd, SPAC, there's, Jeff Bunzel, it's, Paul Tropp, Anirban Sen, Krystal Hu, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Didi Chuxing Technology Co, Americas, Morgan, Coupang, U.S, Capital, Reuters, Deutsche Bank, SPAC Research, Investment, & Gray, Thomson Locations: Manhattan, New York City , New York, U.S, IPOs, dealmaking, Bengaluru, New York
UPDATE 1-EU excludes major banks from bond sales
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
It fined banks including Bank of America, Credit Agricole, Natixis, Nomura, Natwest Markets (formerly RBS) and UniCredit for breaching antitrust rules by participating in bond cartels in two separate cases in April and May this year. Deutsche Bank also participated in one of the cartels but was not fined as it revealed the cartel to the Commission. Those banks are among the EU’s 39 primary dealers, which manage syndicated debt sales for the bloc -- where they sell the debt directly onto end investors -- for lucrative fees. Spokespeople for Nomura, BofA, Barclays, Natixis, Credit Agricole, NatWest, Deutsche Bank, UniCredit, Citi and JP Morgan all declined to comment. The European Union on Tuesday raised 20 billion euros ($24.25 billion) from the first bond backing its recovery fund on the back of near-record demand.
Persons: Nomura, Spokespeople, JP Morgan, Intesa Sanpaolo, Morgan Stanley Organizations: European Union, European Commission, Reuters, , Bank of America, Credit Agricole, Natixis, Natwest Markets, RBS, Deutsche Bank, Commission, Barclays, Citigroup, JPMorgan, Natwest, BofA, NatWest, UniCredit, Citi, Financial Times, BNP, DZ Bank, HSBC, IMI, Intesa, Danske Bank, Santander Locations: AMSTERDAM
The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/Files(Reuters) - Deutsche Bank is on course to make up to $1 billion on a long-shot bet on Israeli shipping firm Zim after it surged in value on the back of record-high global freight rates, Bloomberg reported on Tuesday. bit.ly/2SzbMqtCiting unnamed sources familiar with the matter, the report said that Mark Spehn, a distressed debt trader at the German bank, had wagered less than $100 million over the past five years on building a position in the company through bond and bank loans as shipping rates fell. According to Refinitiv data, Deutsche Bank is the company’s second largest shareholder with a 13.68% stake, worth $923 million. Zim said on June 4 that Deutsche Bank had been among those to sell shares in the company in a secondary offering worth $279 million.
Persons: Tyrone Siu, Mark Spehn, Zim Organizations: Deutsche, REUTERS, Deutsche Bank, Bloomberg, U.S Locations: Hong Kong, China
The U.S. currency has been buoyed as traders closed short positions before the Fed's two-day policy-setting confab, which kicks off on Tuesday. The dollar index, which measures the greenback against a basket of six currencies, was flat early in Asia at 90.517. Nearly 60% of economists in a Reuters poll expect a tapering announcement in the next quarter, despite a patchy recovery in the job market. The euro was little changed at $1.21185 on Tuesday, near an almost one-month low at $1.20930 reached on Friday. Ether also got a small lift in sympathy with its bigger rival, but remained well within recent ranges at $2,605.54 on Tuesday.
Persons: Kevin Buckland TOKYO, Jerome Powell, Powell, Chris Weston, bitcoin, Elon Musk, Kevin Buckland Organizations: Traders, Reserve, Pepperstone, European Central Bank, Deutsche Bank, Tesla Inc, RIC Locations: Asia, Melbourne, Tokyo
Dollar hovers near one-month high with market frozen before Fed test
  + stars: | 2021-06-15 | by ( ) www.cnbc.com + 0.00   time to read: +3 min
The dollar hovered below a one-month high compared with major peers on Tuesday ahead of a much-anticipated Federal Reserve meeting that could signal a change in the outlook for U.S. monetary policy. The U.S. currency has been buoyed as traders closed short positions before the Fed's two-day policy-setting confab, which kicks off on Tuesday. The dollar index, which measures the greenback against a basket of six currencies, was flat early in Asia at 90.517. The euro was little changed at $1.21185 on Tuesday, near an almost one-month low at $1.20930 reached on Friday. Ether also got a small lift in sympathy with its bigger rival, but remained well within recent ranges at $2,605.54 on Tuesday.
Persons: Jerome Powell, Powell, Chris Weston, bitcoin, Elon Musk Organizations: Reserve, Traders, Pepperstone, European Central Bank, Deutsche Bank, Tesla Inc Locations: Asia, Melbourne
Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Join Insider on June 24 at 1 p.m. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco. Samantha Lee/Business InsiderLeaders of Goldman's sales-and-trading operation have asked desk heads to poll workers on if they want to relocate to West Palm Beach, according to a source.
Persons: I'm Dan DeFrancesco, here's what's, Samantha Lee Organizations: Finance, Deutsche Bank, AllianceBernstein, Accenture, Wall, Business Locations: West Palm Beach
Top engineers are leaving Big Tech firms to join collaboration software startups, the WSJ reports. Some tech execs expect that a rise in hybrid working will boost demand for collaboration tools. Some executives at Big Tech firms, including Facebook, have left their jobs to join startups building collaboration tools in anticipation of a boom in hybrid working, the Wall Street Journal reported. Cannon said that she knew at least 12 recent collaboration startups founded or led by former Big Tech executives, per the Journal. Banking giants Deutsche Bank and Citigroup, for example, have said they would embrace hybrid working in the future.
Persons: Raymond Endres, Sarah Cannon, Cannon, Endres Organizations: Big Tech, Facebook, Wall Street Journal, Ventures, Banking, Deutsche Bank, Citigroup
Deutsche Bank set for $1 bln windfall from shipping co bets -Bloomberg
  + stars: | 2021-06-15 | by ( ) www.reuters.com + 0.98   time to read: +1 min
The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/FilesDeutsche Bank (DBKGn.DE) is on course to make up to $1 billion on a long-shot bet on Israeli shipping firm Zim (ZIM.N) after it surged in value on the back of record-high global freight rates, Bloomberg reported on Tuesday. https://bit.ly/2SzbMqtCiting unnamed sources familiar with the matter, the report said that Mark Spehn, a distressed debt trader at the German bank, had wagered less than $100 million over the past five years on building a position in the company through bond and bank loans as shipping rates fell. According to Refinitiv data, Deutsche Bank is the company's second largest shareholder with a 13.68% stake, worth $923 million. Zim said on June 4 that Deutsche Bank had been among those to sell shares in the company in a secondary offering worth $279 million.
Persons: Tyrone Siu, Mark Spehn, Zim Organizations: Deutsche, REUTERS, Deutsche Bank, Bloomberg, U.S, Thomson Locations: Hong Kong, China
FRANKFURT (Reuters) - Shares in the online fashion retailer About You AG have been priced at 23 euros apiece for its planned stock market listing, valuing the German trading group at 3.92 billion euros ($4.75 billion), it said on Monday. That includes 657 million euros in new shares sold in a private placement to pre-selected investors to fund its push to create a global fashion e-commerce platform. About You reported 57% revenue growth to 1.17 billion euros in the year to February, and in the last quarter achieved its first positive core profit since its launch in 2014. The company is backed by mail-order group Otto and Danish tycoon Anders Holch Povlsen. Deutsche Bank, Goldman Sachs, and J.P. Morgan are acting as joint global coordinators and joint bookrunners, with Numis Securities, Société Générale and UBS Investment Bank also acting as Joint Bookrunners.
Persons: Otto, Anders Holch Povlsen, Goldman Sachs, Morgan, Société Générale Organizations: Zalando, Shopify, SAP, Deutsche Bank, Numis Securities, Société, UBS Investment Bank Locations: FRANKFURT, Hamburg
Indeed, the dollar has gained in recent weeks even as yields on benchmark 10-year U.S. Treasury notes fell to more than three-month lows of 1.42% on Friday. Against a basket of its rivals, the greenback edged higher to 90.5 after rising as much as 0.4% last week, its biggest weekly rise since early May. In the week ended June 8, speculators had ratcheted up net short positions to the highest in nearly three months at $18.35 billion. Caution ahead of the Fed meeting also pushed a Deutsche Bank gauge of implied currency-market volatility to the lowest since February of last year, dropping around 10% since the start of the month. Against the dollar and the euro, the pound weakened as much as 0.2% in early London trading.
Persons: , John Marley, bitcoin, Elon Musk Organizations: Federal Reserve, European Central Bank, Treasury, , ., Deutsche Bank, Tesla Inc Locations: London, Britain, COVID
An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010. Currency markets settled in tight ranges with implied volatility plumbing to multi-year lows after last week's strong inflation readings and a dovish European Central Bank meeting failed to dislodge currencies from recent trading levels. The dollar index , which measures the greenback against a basket of six currencies, was up 0.1% at 90.427. Last week the index rose 0.4%, its largest weekly change in five weeks. Muted FX moves in recent weeks crushed the Deutsche Bank FX Volatility Index (.DBCVIX) down to 5.6 on Friday, its lowest in nearly 16 months.
Persons: Jo Yong, we'll, Brad Bechtel, Jerome, Powell, Bechtel, John Marley, Sterling, bitcoin, Elon Musk Organizations: Korea Exchange Bank, REUTERS, Federal Reserve, European Central Bank, FX, Jefferies, Deutsche Bank, Tesla Inc, Thomson Locations: Seoul, London, Britain, COVID
An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010. The dollar index , which measures the greenback against a basket of six currencies, was about flat on the day at 90.512. Muted FX moves in recent weeks crushed the Deutsche Bank FX Volatility Index (.DBCVIX) down to 5.6 on Friday, its lowest in nearly 16 months. The dollar's strength against the Japanese currency may be a sign the FX market is looking for a less dovish outcome from the Fed meeting, Simpson said. In cryptocurrencies, bitcoin traded above $40,000 for the first time in more than two weeks, before pairing gains to trade at $39,649.03.
Persons: Jo Yong, we'll, Brad Bechtel, Ronald Simpson, Simpson, Sterling, bitcoin Organizations: Korea Exchange Bank, REUTERS, Federal Reserve, European Central Bank, FX, Jefferies, Deutsche Bank, Economics, Thomson Locations: Seoul, Britain, COVID
Dollar on front foot as traders look to Fed for direction
  + stars: | 2021-06-14 | by ( Kevin Buckland | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. The yen fell 0.1% to 109.750 per dollar, after weakening to 109.840 on Friday for the first time since June 4. “Over the past month there appears to have been a growing chorus that the time to talk about tapering bond purchases had been reached,” Wong added. The digital token has fluctuated on either side of $35,000 over the past month, dipping to near $31,000 at one point last week. Rival ether remained stuck around $2,500, the middle of a narrowing trading range spanning the past month.
Persons: Dado Ruvic, Jason Wong, ” Wong, ” Morgan Stanley, bitcoin, Elon Musk Organizations: U.S, REUTERS, NAB, Federal, Market, Fed, Deutsche Bank, Tesla Inc, RIC Locations: TOKYO, Asia, Tokyo
Dollar stands tall in big week for FX markets
  + stars: | 2021-06-14 | by ( Saikat Chatterjee | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. Against a basket of its rivals, the greenback steadied at 90.5 in early London trading after rising as much as 0.4% last week, its biggest weekly rise since early May. The dollar’s gains were aided by some unwinding of short dollar bets. In the week ended June 8, speculators had ratcheted up net short positions to the highest in nearly three months at $18.35 billion. Against the dollar and the euro, the pound weakened as much as 0.2% in early London trading.
Persons: Dado Ruvic, bitcoin, Elon Musk Organizations: Reserve, REUTERS, , ., Deutsche Bank, Tesla Inc Locations: London, Britain, COVID
Mapping out all the recent key Credit Suisse departures
  + stars: | 2021-06-14 | by ( Dan Defrancesco | Jordan Parker Erb | ) www.businessinsider.com sentiment -1.00   time to read: +2 min
I'm Dan DeFrancesco, and here's what's on the agenda today:We've got a running list of all the recent departures at Credit Suisse, from executives to top traders. Maplelane, one the hedge funds impacted by the GameStop trading frenzy, took a dip in May. Buy now, pay later is one of the hottest trends in payments, but banks are looking to compete with the fintechs by offering merchants an alternative. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Arnd Wiegmann/Reuters; Skye Gould/InsiderCredit Suisse has been rocked this year by the implosions of Greensill and Archegos.
Persons: I'm Dan DeFrancesco, here's what's, We've, Arnd Wiegmann, Skye Gould, who's, Bauer, Griffin, , Don Arnold Organizations: Finance, Credit Suisse, GameStop, Deutsche Bank, AllianceBernstein, Accenture, Wall, Suisse, Getty
Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been "effectively stockpiling" cash rather than using it to buy Treasuries or other investments because of the possibility higher inflation will force the Federal Reserve to boost interest rates, Dimon said Monday during a conference. The biggest U.S. bank by assets has positioned itself to benefit from rising interest rates, which will let it buy higher-yielding assets, he said. "If you look at our balance sheet, we have $500 billion in cash, we've actually been effectively stockpiling more and more cash waiting for opportunities to invest at higher rates," Dimon said. "I do expect to see higher rates and more inflation, and we're prepared for that."
Persons: Jamie Dimon, JP Morgan Chase, , JPMorgan Chase, Dimon, we've, we're Organizations: Jan, JPMorgan, Federal Reserve, Deutsche Bank, Big Tech, PayPal, Investment Locations: Davos, Switzerland, U.S
Lordstown Motors — The electric truck maker's stock fell more than 15% midday after announcing CEO Steve Burns and CFO Julio Rodriguez resigned. Oatly — Shares of the oat milk company dipped about 4.8% after a number of Wall Street firms began coverage of the stock. Square — Shares of the payments company rose over 4% after Deutsche Bank reiterated its buy rating on the stock. The Wall Street firm said the company has room to raise prices and the move will boost its financial results. Royal Dutch Shell – The energy stock traded about 2% higher as Royal Dutch Shell is reportedly considering a sale of shale assets in Texas.
Persons: Steve Burns, Julio Rodriguez, Lordstown, Morgan Stanley, Oppenheimer, Piper Sandler, Raymond James, Chipotle, Goldman Sachs, Shell, ContextLogic, , Jesse Pound, Maggie Fitzgerald, Pippa Stevens, Yun Li, Tanaya Macheel Organizations: Lordstown Motors, Wall Street, JPMorgan, Jefferies, Jefferies , Credit Suisse, Deutsche Bank, Philips — Philips, Ferrari —, Royal, Shell, , AMC Entertainment, Clean Energy Fuels, BlackBerry, Bed, GameStop, Clover Health Locations: Brooklyn, New York, U.S, Jefferies ,, Mexican, Texas
Credit Suisse has hired HSBC's Truls Engebretsen as a senior credit trader. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Christopher Dawe , previously co-head of private investments at Goldman Sachs, will lead Private Capital's technology and consumer growth equity business. Meg McClellan will lead private debt.
Persons: Alice Milligan, Morgan Stanley, Andy Saperstein, Milligan, Audrey Choi, Choi, Chad Turner, Mike Curcio, HSBC's Truls, Christopher Bathon, Mike Malloy, Marshall Peters, HSBC's, Cowen, Jenny Killeen, Michael S, Raymond James, Ryan Kaeding, Kaeding, Piper Sandler, Katherine Fogertey, Fogertey, Goldman Sachs, Deborah Bussière, Christopher Dawe, Osei Van Horne, Van Horne, Brian Carlin, Rick Smith, Meg McClellan, Anton Pil, Ben Darsney, Justin Smolkin, Jeff Bunzel, Darsney, Smolkin, Michael Lattarulo, Meredith Mazzilli, Rebecca Ungarino, Carter Johnson, Reed Alexander, Alex Morrell Organizations: intel, Trade, Credit Suisse, HSBC, MSD, Broadridge Financial, JPMorgan, Wells Fargo, JPMorgan Private Capital, Goldman, Wells, Private, Deutsche Bank Locations: Americas
Get to know 12 top fintech bankers
  + stars: | 2021-06-12 | by ( Meredith Mazzilli | ) www.businessinsider.com + 0.00   time to read: +3 min
Bank of America; Morgan Stanley; Goldman Sachs; Moelis & Company; Samantha Lee/InsiderThe fintech space has exploded in recent years, keeping Wall Street bankers busy. Some banks see fintech as an outgrowth of TMT and FIG teams, while others see it as a stand-alone. Check out what 12 fintech bankers have to say about the space. Getty ImagesMichael Recce, a former Neuberger Berman and Point72 data head, has started his own data business: Alpha ROC, a technology and consulting firm meant to simplify data for both the vendor and the user. Don Arnold/Getty Images for Klarna"Buy now, pay later" services have evolved into consumer-facing companies keen to establish their own brands.
Persons: Samantha Lee, Son, Rupert Murdoch, Jeff Stine, Ari Emanuel, Alessandro Di Ciommo, Taylor, Ben Gabbe, Amy Sussman, Raymond Boyd, Jeff Sine, Here's, Dick Loek, Chase Coleman, Matthew Sharnoff, Jigar Patel, Morgan Stanley, Kelly Galanis, Goldman Sachs, Tommaso Zanobini, Michael Recce, Neuberger Berman, Recce, Rich, Atlantic's Robbert Vorhoff, Don Arnold Organizations: Finance, Deutsche Bank, AllianceBernstein, Accenture, Wall, PayPal, Getty, Toronto Star, Bank of America, Moelis & Company, Moelis, Company, Street, FIG, Alpha ROC, Mercy San Juan Hospital, AP, Vida Health, Here's Locations: Silicon Valley, Carmichael , California, Tech
That would represent a 12.5% cut in Treasury purchases but a 25% reduction in MBS purchases. More recently, though, some Fed policymakers have questioned the need to keep up with the MBS purchases, in particular, given the different role they have played in this crisis. And Kaplan, for one, has said he believes the Fed’s MBS purchases may be having the unintended side effect of fueling excesses. “Tapering faster with MBS is a way of leaning a little bit against what might be seen as risks in the housing market. By contrast, the Fed’s footprint in the Treasury market, at around 25%, is larger than during its previous asset purchase program.
Persons: Eric S, Rosengren, Keith Bedford, Fannie Mae, Freddie Mac, Ginnie Mae, Robert Kaplan, Eric Rosengren, Kaplan, Bill English, Organizations: Reuters, Federal, Federal Reserve Bank, Boston's, REUTERS, Fed, MBS, Treasury, Dallas Fed, Boston Fed, Yale School of Management, Deutsche Bank, Treasuries Locations: New York, Treasuries
The pan-European STOXX 600 index rose 0.3% in its sixth straight session of gains and was on course to end the week higher. Miners jumped 1.2%, lifting UK’s commodity-heavy FTSE 100 by 0.6% after data showed Britain’s economic output in April was a record 27.6% larger than a year before. Travel and leisure stocks bounced from the previous session’s drop. Spanish hotel chain Melia rose 0.7% after its chief executive forecast a return to profitability in June after 15 months in the red. Swiss computer peripheral maker Logitech and Germany’s Deutsche Bank fell more than 3% each, becoming the top drags on the STOXX 600.
Persons: “ Price, reinsurer Scor, Covea, Sruthi Shankar, Subhranshu Sahu Organizations: Miners, European Central Bank, ECB, BCA Research, Bank of, Logitech, Germany’s Deutsche Bank Locations: Europe, Swiss, Bengaluru
German fashion e-tailer About You seen listing at 23 eur/share - bookrunner
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
BERLIN, June 11 (Reuters) - German fashion e-tailer About You is expected to price its stock market listing at 23 euros per share, in the middle of its marketing range, the bookrunners organising the deal said. About You will sell new shares worth 600 million euros ($731 million) via a private placement as part of its flotation, and invest proceeds in international expansion and in its business-to-business (B2B) technology platform. The company, which operates in 23 European markets, competes with Zalando in consumer categories while its B2B platform pits it against Shopify, SAP and Salesforce. Its free float is expected to be between 21.2% and 21.7% after the listing. Deutsche Bank, Goldman Sachs, and J.P. Morgan are acting as joint global coordinators and joint bookrunners, with Numis Securities, Société Générale and UBS Investment Bank also acting as joint bookrunners.
Persons: Otto, Anders Holch Povlson, Goldman Sachs, Morgan, Société Générale Organizations: Shopify, SAP, Deutsche Bank, Numis Securities, Société, UBS Investment Bank Locations: BERLIN, Hamburg, Frankfurt
FILE PHOTO: Chairman of the board Paul Achleitner delivers his speech during the annual shareholder meeting of Germany’s largest business bank, Deutsche Bank, in Frankfurt, Germany, May 23, 2019. Deutsche Bank declined to comment. In particular, they have been concerned by lapses in Deutsche’s money laundering controls - a problem that extends back throughout Achleitner’s tenure. Furthermore, accepting the position at Deutsche Bank would require him to resign from a job that paid him 6 million euros last year - a multiple of Achleitner’s earnings. Graphic - Bumpy ride: Deutsche's share price over the past decade:Regulators have struggled for years to rein in Deutsche Bank following numerous scandals and governance issues.
Persons: Paul Achleitner, Kai Pfaffenbach, Andrea Enria, BaFin, Theodor Weimer, Weimer, Norbert Winkeljohann, Frank Witter, Winkeljohann, Witter, Achleitner, , Vanda Rothacker, Christian Organizations: European Central Bank, Deutsche Bank, REUTERS, ECB, Deutsche, Regulators, Bayer, Union Investment, U.S . Department of Justice, Danske Bank, Reuters Locations: FRANKFURT, Frankfurt, Germany, Russia
Cheap Dollars Attract Foreign Investors to Treasurys
  + stars: | 2021-06-11 | by ( Anna Hirtenstein | ) www.wsj.com + 0.00   time to read: +5 min
Despite this, recent Treasury bond auctions have seen an uptick in demand from foreign investors. The latest data from the U.S. Treasury Department showed that major foreign investors upped their holdings of longer-maturity U.S. government bonds in March. Italy’s 10-year bond yield was 0.755% on Thursday. The benchmark 10-year government bond yield slipped earlier this week to its lowest level since March 2. Photo: Ting Shen for The Wall Street JournalTo be sure, many analysts are expecting Treasury yields to tick up as U.S. economic growth and inflation pick up.
Persons: , Laurent Crosnier, Cash, Althea Spinozzi, Ting Shen, Ralf Preusser, Mike Bell, — Paul J, Davies, Anna Hirtenstein Organizations: Deutsche Bank, U.S . Treasury, U.S . Treasury Department, Federal Reserve, White, St, Investment Company Institute, Treasury, Saxo Bank, Wall, Bank of America, Morgan Asset Management Locations: London, U.S, Louis, FactSet, Treasurys
Chairman of the board Paul Achleitner delivers his speech during the annual shareholder meeting of Germany’s largest business bank, Deutsche Bank, in Frankfurt, Germany, May 23, 2019. Deutsche Bank declined to comment. In particular, they have been concerned by lapses in Deutsche's money laundering controls - a problem that extends back throughout Achleitner's tenure. Furthermore, accepting the position at Deutsche Bank would require him to resign from a job that paid him 6 million euros last year - a multiple of Achleitner's earnings. Regulators have struggled for years to rein in Deutsche Bank following numerous scandals and governance issues.
Persons: Paul Achleitner, Kai Pfaffenbach, Achleitner, Andrea Enria, BaFin, Theodor Weimer, Weimer, Norbert Winkeljohann, Frank Witter, Winkeljohann, Witter, Vanda Rothacker, Christian Organizations: Deutsche Bank, REUTERS, Central Bank, ECB, Deutsche, Regulators, Bayer, Union Investment, U.S . Department of Justice, Danske Bank, Reuters, Thomson Locations: Frankfurt, Germany, Russia
Total: 25