Search Results for: Deutsche Bank

Deutsche Bank is finished, share price almost single digits

deutsche-bank-finished-share-price-single-digits

Shares in Germany’s largest bank have hit rock bottom on Monday as Chancellor Angela Merkel reportedly refused to provide Deutsche Bank state aid in its legal battle with the United States Department of Justice (DoJ). Deutsche shares fell as much as six percent to €10.67 in early Monday trading, the …

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Deutsche Bank fined $14 billion over mortgage probe, no one jailed

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The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany’s flagship lender said on Friday. The claim against Deutsche, which is likely to be negotiated in several months of talks, far outstrips the bank’s and investors’ expectations …

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Gold ‘should be $US1,700 an ounce’ – Deutsche Bank

Gold Deutsche Bank

Gold has seen a sell-off in recent days, heading for the longest run of declines since May, trading at $US1319 an ounce. Federal Reserve chairwoman Janet Yellen’s speech at Jackson Hole over the weekend contributed to gold’s latest decline. Yellen said the case for a US rate increase has strengthened, …

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Deutsche Bank to close almost 200 branches, axe 3000 jobs

Deutsche Bank close branches axe jobs

Germany’s largest lender is set to shut over a quarter of its branches across the country as the company goes through a major restructuring process. The closures are set to take place over the next few months, with 188 of Deutsche Bank’s 723 branches nationwide due to close their doors. …

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Deutsche Bank admits to silver market rigging

Deutsche Bank silver fixing statues

Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) …

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Deutsche Bank is finished, Lehman Brothers 2.0

Deutsche Bank

Deutsche Bank bosses face a formidable task to drag its shares off a 30-year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery. Germany’s flagship lender has trailed its rivals in bouncing back from the …

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Deutsche Bank fined $258m for conducting business with Iran, Syria and Libya

Deutsche Bank

German Deutsche Bank has been fined $258 million by American regulators for conducting business with US-sanctioned countries including Iran, Syria and Libya. The fine will be paid to the Federal Reserve and New York State Department of Financial Services. The ruling against Deutsche Bank also stipulated that the people responsible …

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