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Top related persons:
Deutsche Bank CEO Christian Sewing - 5 UniCredit - 1 Andrea Orcel - 1 Orcel - 1 it's - 1 James von Moltke - 1 CNBC's Caroline Roth - 1 that's - 1
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Germany Commerzbank London Frankfurt China Davos Switzerland Europe
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Deutsche Bank CEO Christian - 6 Deutsche Bank - 5 Commerzbank - 2 CNBC - 2 Deutsche Bank CEO - 2 Thomson - 2 Bloomberg - 1 HypoVereinsbank - 1

Search resuls for: "Deutsche Bank CEO"


14 mentions found


☆ UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
  + stars: | 2024-09-12 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +3 min
UniCredit 's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. Whispers cooled in January, however, when Deutsche Bank CEO Christian Sewing said that merger and acquisition activity was not a priority for the group at the time. A UniCredit takeover of Commerzbank would emerge as a rare, if long-awaited, instance of consolidation among Europe's banking titans.
Persons: UniCredit, Andrea Orcel, Orcel, it's, Deutsche Bank CEO Christian Sewing Organizations: Bloomberg, HypoVereinsbank, Alpha Bank, Hellenic Financial Stability, Deutsche Bank, Deutsche Bank CEO Christian, Commerzbank, titans Locations: Commerzbank, Germany, Munich
☆ Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision
  + stars: | 2024-07-24 | by ( Jenni Reid | ) www.cnbc.com   time to read: +3 min
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt. Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division. The long-running lawsuit by investors alleges Deutsche Bank underpaid to take over the retail banking giant in 2010. Other highlights included:Profit before tax excluding the Postbank provision was 1.7 billion euros, up from 1.4 billion euros in the second quarter of 2023. Provision for credit losses was 476 million euros, up from 401 million euros a year ago.
Persons: Deutsche Bank CEO Christian Sewing, James von Moltke, CNBC's Caroline Roth, that's, Von Moltke, we'd, Italy's Organizations: Deutsche Bank, United Kingdom . Deutsche Bank AG, Deutsche Bank CEO Christian, Spain's Santander Locations: City of London, London, United Kingdom, German, Frankfurt
☆ Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl
  + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
Christian Sewing, Chief Executive Officer of Deutsche Bank, has acknowledged that a recession in Germany is inevitable, and urged leaders to accelerate its decoupling from China. Denis Balibouse | ReutersDeutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the future of domestic rival Commerzbank . The state still has a 15% stake in Commerzbank, but Reuters reported earlier this week that Finance Minister Christian Lindner is open to disposing of it. The merger of Germany's two biggest banks would create a combined entity with around $2 trillion in assets, although Deutsche Bank's low valuation could complicate any such move. The bank trades at around 12 euros per share, a fraction of its book value, and a significant portion of assets would need to be marked down.
Persons: Denis Balibouse, Christian Lindner Organizations: Deutsche Bank, Reuters Deutsche Bank CEO, Commerzbank, Reuters, Deutsche, CNBC, Economic Locations: Germany, China, Commerzbank, Davos, Switzerland, Europe
☆ Watch CNBC's full interview with Deutsche Bank CEO Christian Sewing
  + stars: | 2024-01-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Deutsche Bank CEO Christian SewingTalking to CNBC in Davos, Switzerland, Deutsche Bank CEO Christian Sewing discusses M&A rumors, the banking industry more broadly and the outlook for interest rates.
Organizations: Deutsche Bank CEO, CNBC, Deutsche Bank CEO Christian Locations: Davos, Switzerland
☆ European Union should consider scrapping banker bonus cap - Deutsche Bank CEO
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: 1 min
Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. REUTERS/Selena Li/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - The European Union should consider scrapping a cap on banker bonuses to remain competitive with other financial centres, Deutsche Bank CEO Christian Sewing said on Wednesday. Sewing told a Financial Times event in London that the bloc should take account of other jurisdictions that are ditching similar caps - including Britain - and consider replicating the reform, providing it did not revive a culture of excessive risk taking. Reporting by Iain Withers, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.
Persons: Selena Li, Deutsche Bank CEO Christian Sewing, Iain Withers, Sinead Cruise Organizations: Deutsche Bank, Reuters, REUTERS, European, Deutsche Bank CEO Christian, Financial, Thomson Locations: Hong Kong, China, European Union, London, Britain
☆ ECB policymakers eye springtime push to cut payments on banks' deposits, sources say
  + stars: | 2023-10-13 | by ( Balazs Koranyi | ) www.reuters.com   time to read: +5 min
MARRAKECH, Oct 13 (Reuters) - European Central Bank policymakers are planning a springtime push to cut interest payments made to commercial banks, in part to recoup some of the costs associated with a decade worth of stimulus, sources familiar with discussions said. That would mean overall interest payments to lenders - which still earn the ECB deposit rate, currently 4%, on other excess cash parked with the central bank - would be reduced further. But the ECB rejected the proposal in July, partly on resistance from its Executive Board, the sources said. The board's key argument is that excess liquidity is distributed unevenly across the euro zone and raising the ratio would put an excessive burden on smaller banks with a larger portion of deposits. Deutsche Bank CEO Christian Sewing argued that the change would add to banks' financial burdens and restrict their lending options.
Persons: Bundesbank, Joachim Nagel, Robert Holzmann, Latvia's Martin Kazaks, Isabel Schnabel, Austria's Holzmann, France's Francois Villeroy de, Pierre Wunsch, We're, Schnabel, Deutsche Bank CEO Christian Sewing, Tom Sims, John Stonestreet Organizations: Central Bank, ECB, Austrian, Barclays, Deutsche Bank CEO Christian, Thomson Locations: MARRAKECH
☆ Germany will become the sick man of Europe without change, Deutsche Bank CEO says
  + stars: | 2023-09-20 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +1 min
Afp Contributor | Dpa | Getty ImagesDeutsche Bank CEO Christian Sewing said Germany will become the sick man of Europe if "structural issues" are not addressed immediately. "We are not the sick man of Europe," Sewing said in his keynote address at the Handelsblatt Banken Summit 2023 on Wednesday, "but it is also true that there are structural weaknesses that hold back our economy and prevent it from developing its great potential." "We will become the sick man of Europe if we do not address these structural issues now," he added. The Deutsche Bank CEO said that the biggest task lies with banks, whose roles are changing in the current macroeconomic climate. This is a great responsibility, but also a great opportunity to create new trust," Sewing said.
Persons: Getty Images Deutsche Bank CEO Christian Sewing Organizations: Dpa, Getty Images Deutsche Bank CEO Christian, Deutsche Bank CEO Locations: Frankfurt, Afp, Germany, Europe
☆ BlackRock is spending 'a huge amount of time' on AI, CEO Larry Fink says
  + stars: | 2023-05-31 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +3 min
BlackRock CEO Larry Fink said the firm is spending a lot of time analyzing artificial intelligence. The firm's experts believe AI will increase productivity by 30%, Fink said on Wednesday. A BlackRock team called AI Labs that works on natural language processing and other areas. If AI can meaningfully increase productivity, Fink said, then "you don't have to own just these AI companies. Bank of America research analysts have called AI a "baby bubble" for the investment mania around the tech.
Persons: Larry Fink, Fink, " Fink, He's, Deutsche Bank CEO Christian Sewing, OpenAI's ChatGPT, ChatGPT, Catalyst, Andreessen Horowitz Organizations: BlackRock, Deutsche Bank, Deutsche Bank CEO Christian, of America Locations: BlackRock, New York, Palo Alto , California, Edinburgh, Scotland
☆ Deutsche Bank CEO paid 8.9 million euros in 2022
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +1 min
ZURICH, March 17 (Reuters) - Deutsche Bank (DBKGn.DE) paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank disclosed on Friday, rewarding him for a third consecutive year of profit and hitting key milestones in the lender's restructuring. The bonus pool for the entire bank was 2.1 billion euros, basically flat from a year earlier. Sewing led the bank through a 9-billion-euro, four-year turnaround plan for what is one of the world's most systemically important banks after years of losses. For 2023, the bank forecast a slight increase in revenues to between 28 billion euros and 29 billion euros, according to its annual report on Friday. At the investment bank, revenues will be flat, it forecast.
☆ Deutsche Bank CEO warns of reliance on government aid packages
  + stars: | 2022-11-24 | by ( ) www.reuters.com   time to read: 1 min
BERLIN, Nov 24 (Reuters) - Deutsche Bank Chief Executive Christian Sewing appealed for caution regarding German government relief packages and said the country should not come to rely on extending aid measures, speaking at an economic conference on Thursday. "At some point, even Germany will run out of ways of explaining this to the capital market in such a way that the capital market believes in Germany's debt capacity," Sewing said at the event, hosted by the Sueddeutsche Zeitung newspaper. In his view, the key issue for German companies was whether they could access secure and competitive energy supply. Reporting by Marta Orosz, Writing by Rachel More Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.
☆ Deutsche Bank CEO warns of 'danger' of European reliance on foreign banks
  + stars: | 2022-11-18 | by ( ) www.reuters.com   time to read: +2 min
Deutsche Bank has long warned that Europe needs strong banks to counteract U.S. and Chinese competitors, but Friday's speech took on a greater sense of urgency. "We urgently need to change course here if we do not want to rely primarily on foreign banks to finance Europe's future," Sewing said at a banking conference. Sewing blamed European regulators for a heavy hand, the latest criticism by top bankers of its supervisors. "It becomes ever clearer that the current regulatory framework does little to strengthen European banks," he said. European Central Bank (ECB) President Christine Lagarde, speaking at the same conference, warned of "undermining" regulation.
☆ We need to change course, otherwise we will be reliant on foreign banks, Deutsche Bank CEO says
  + stars: | 2022-11-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to change course, otherwise we will be reliant on foreign banks, Deutsche Bank CEO saysDeutsche Bank CEO Christian Sewing said Europe needs to change course if it doesn't want to rely on foreign banks to finance its future.
☆ 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 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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