Deutsche Bank

Deutsche Bank is Germany’s biggest bank, with more than 100,000 people employed in more than 70 countries.

Deutsche Bank bets on Hong Kong for wealth management

Deutsche Bank's Asia-Pacific wealth management chief Ravi Raju says yuan reforms provide new opportunities for investors. Photo: May Tse

The growing number of millionaires and a raft of market reforms on the mainland have prompted Deutsche Bank to relocate its Asian asset and wealth management head to Hong Kong from Singapore.

Wednesday, 19 November, 2014, 7:57pm

Deutsche's China ETF struggles to handle surging demand for A shares

To deal with the influx of new money, Deutsche Asset & Wealth Management said the ETF would accept just one creation unit per day. Photo: Reuters

Fund managers running the X-trackers Harvest CSI 300 China A-Shares ETF at a Deutsche Bank unit are facing a problem their rivals would love to have. They are luring too much money.

15 Oct 2014 - 5:14am

Deutsche Bank sees US$300b stash debunking credit doomsday

Blackstone Group is one of the firms that have diversified its traditional leveraged-buyout businesses.

It is natural for bond buyers to be pessimists. It's part of their DNA. But they are taking the whole role of worrier too far by giving in to the pervasive concern that a credit-market Armageddon is coming.

22 Sep 2014 - 6:30am

Deutsche Bank offers ICBC executive Zhang Hongli a settlement deal

Deutsche Bank offers ICBC executive Zhang Hongli a settlement deal

Deutsche Bank has offered an out-of-court settlement to a top mainland banker who they sued for allegedly transferring millions of dollars.

25 Aug 2014 - 10:07am 3 comments

Zhang Hongli lawsuit 'will hurt Deutsche Bank's ICBC relationship'

In 2006, Deutsche Bank became a book runner for ICBC's US$19 billion initial public offering in Hong Kong, the world's largest at the time.

The US$6.3m lawsuit filed by Deutsche Bank against ICBC executive Zhang Hongli will hurt the German lender's relationship with the mainland bank.

25 Aug 2014 - 2:51pm 1 comment

Deutsche Bank lends US$1b in Japan solar gold rush

Japan may add the most solar power capacity in the world this year as a two-year-old incentive programme attracted investors including Goldman Sachs. Photo: Bloomberg

Deutsche Bank plans to lend about US$1 billion for Japan solar projects, joining Goldman Sachs Group in funding cleaner energy as the government struggles to restart nuclear power plants after the Fukushima disaster.

9 Jul 2014 - 5:19am

Fed subjects big foreign banks to same standards as US ones

Foreign banks with sizeable operations on Wall Street such as Barclays had pushed back hard against the plan because it means they will need to transfer costly capital from Europe. Photo: Reuters

The United States Federal Reserve adopted a tight new rule for foreign banks on Tuesday to shield the US taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.

20 Feb 2014 - 12:52am

Beijing giving foreign economists the cold shoulder

The central bank and regulators are now being more cautious about what they say to foreign economists. Photo: Reuters

Chinese government officials have quietly become more sceptical about foreign banks' research reports and are avoiding senior economists at global banks, partly because of growing mutual distrust over the scale and seriousness of the country's debt problems.

19 Feb 2014 - 4:12am 16 comments

Deutsche Bank fires three currency traders amid regulatory probe

Deutsche Bank said it had received requests for information from authorities investigating trading in the foreign exchange market. Photo: EPA

Deutsche Bank has fired three New York-based currency traders, in the latest sign that a probe into alleged manipulation of foreign exchange markets is gathering steam, according to a source familiar with the situation.

Diego Moraiz, Robert Wallden and Christopher Fahy were terminated by the bank, which told trading floor staff of the development on Tuesday, according to the source.

5 Feb 2014 - 12:46pm

Deutsche Bank manager found dead in London home

Deutsche Bank

William Broeksmit, a former senior manager at Deutsche Bank with close ties to co-CEO Anshu Jain, has been found dead at his home in London in what appears to have been a suicide.

29 Jan 2014 - 5:45am

US probe wider on Wall Street firms' China hiring practices

US authorities are examining whether JPMorgan violated anti-bribery laws by hiring the children and other relatives of well-connected politicians and clients in China. Photo: AFP

Goldman Sachs and Deutsche Bank are among five Wall Street firms in addition to JPMorgan Chase whose hiring practices in China are being probed by regulators in the United States, it was reported yesterday.

10 Dec 2013 - 2:57pm 4 comments

UK court considers if Barclays, Deutsche Libor abuse annuls deals

Barclays last year paid US$450 million to settle allegations that it had manipulated the London interbank offered rate. Photo: Reuters

A British court will this week consider whether attempted manipulation of the benchmark interest rate Libor - London interbank offered rate - can invalidate loans and other deals or show that banks mis-sold products that were based on the rate.

14 Oct 2013 - 4:31am

Japan probes Deutsche Bank over its entertaining of pension fund bosses

Japan probes Deutsche Bank over its entertaining of pension fund bosses

Japan's securities market watchdog is investigating whether Deutsche Bank employees provided excessive entertainment to Japanese pension fund executives in breach of regulations, according to sources with knowledge of the matter.

10 Sep 2013 - 2:47am

Deutsche Bank Q2 misses expectations, hit by legal costs

Deutsche Bank, Germany’s flagship lender, reported quarterly earnings that fell short of market expectations. Photo: Reuters

Deutsche Bank pledged to cut risky assets from its balance sheet in response to regulatory concerns, as quarterly profit missed expectations, hit by a 630 million euro (HK$6.49 billion) hike in litigation reserves.

30 Jul 2013 - 2:13pm

UK prosecutor promises hefty evidence in first Libor fixing case

Tom Hayes, pictured here surrounded by media after a June court appearance, is the first suspect to come to court. Photo: AP

British prosecutors say they have extensive evidence against former trader Tom Hayes, the first suspect to come to court following a global investigation into the suspected rigging of interbank lending rates.

5 Jul 2013 - 10:47am