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Search resuls for: "Christian Sewing"


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☆ From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
  + stars: | 2022-10-21 | by ( Hannah Towey | Jason Lalljee | ) www.businessinsider.com   time to read: +8 min
91% of US CEOs anticipate there will be recession in the next 12 months, according to a KPMG survey. The Fed will further raise interest rates to combat inflation, which will increase costs for businesses. Those interest rates also mean that credit card and loan debt will get more expensive. Musk told investors in October that "North America is in pretty good health," but pushed back on the Fed's decision to keep raising interest rates. Citadel CEO Ken Griffin"Everybody likes to forecast recessions, and there will be one," Citadel's billionaire CEO told CNBC in late September, noting that he thinks inflation has peaked.
☆ Deutsche Bank cuts investment banking jobs as M&A deals dry up -source
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +3 min
Investment bankers were awash with deals in 2021 but have seen few this year as companies halt buyouts and listings amid volatility in the capital markets, tensions between the United States and China, and the Russia-Ukraine war. A Deutsche bank spokesperson declined to comment. The move is a setback for Deutsche, whose investment bank in recent years recovered from being its problem child to its strongest revenue generator thanks to a pandemic trading boom and the deal-making frenzy. Until recently, senior investment bankers had said they wanted to further expand advisory services. Last year, Germany's largest lender began gingerly hiring new staff at its investment bank.
☆ German prosecutors search Deutsche Bank HQ in cum-ex probe
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +2 min
The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/FilesBERLIN, Oct 18 (Reuters) - German prosecutors have searched the headquarters of Deutsche Bank (DBKGn.DE) in connection with an ongoing investigation of the multibillion-euro tax fraud scheme known as "cum-ex", Deutsche Bank said on Tuesday. Deutsche is one of many banks that prosecutors have searched in connection with the tax scheme that thrived more than a decade ago. Germany's largest lender, under Chief Executive Christian Sewing, has been trying to clean up the bank's reputation since he assumed the helm in 2018. Reuters has reported Deutsche Bank’s involvement in the scheme between 2006 and 2011, when bankers discussed the "reputation risks" of the matter.
☆ Deutsche Bank in $26.3 million shareholder settlement over Epstein, Russian oligarch ties
  + stars: | 2022-09-23 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Deutsche Bank is pictured on a company's office in London, Britain July 8, 2019. Sewing has since taking over in 2018 tried to show investors that Deutsche Bank has addressed its internal controls shortfalls. New York's Department of Financial Services fined Deutsche Bank $150 million in July 2020 over its relationships with Epstein and Danske Estonia. Friday's settlement covers Deutsche Bank investors in the United States from March 14, 2017 to Sept. 18, 2020. The case is Karimi v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.
☆ Deutsche Bank in $26.3 mln shareholder settlement over Epstein, Russian oligarch ties
  + stars: | 2022-09-23 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Deutsche Bank is pictured on a company's office in London, Britain July 8, 2019. Sewing has since taking over in 2018 tried to show investors that Deutsche Bank has addressed its internal controls shortfalls. New York's Department of Financial Services fined Deutsche Bank $150 million in July 2020 over its relationships with Epstein and Danske Estonia. Friday's settlement covers Deutsche Bank investors in the United States from March 14, 2017 to Sept. 18, 2020. The case is Karimi v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.
☆ Deutsche Bank CEO sticks to targets, promises dividend in 2022
  + stars: | 2019-12-10 | by ( Silvia Amaro | ) www.cnbc.com   time to read: +1 min
Deutsche Bank shareholders can expect a dividend in 2022, the bank's chief executive confirmed to CNBC Tuesday. Christian Sewing, who has been leading Deutsche Bank since April, said the lender has come a long way over the last few months and remained committed to its targets. "We also want to return capital to the shareholders from the year 2022 on. The bank has been hit by higher competition, lower market share in investment and commercial banking; different litigation charges and various management reshuffles. Its share price has dropped about 82% from 10 years ago.
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