deutsche bank usa news

London (Reuters) – US investment bank Jeffreys appoints Deutsche Bank's head of M & A in Iberia, Andres Gutierrez, as the boss of a new. The Commerzbank website offers information and services for customers, the press, investors, applicants and other interested users. Christiana Riley, America's CEO, expects banks to concentrate their workforces in different low-cost areas of the US.

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Board of Governors of the Federal Reserve System

The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and unsound practices in the foreign exchange (FX) markets, as well as a $19.7 million fine for failure to maintain an adequate Volcker rule compliance deutsche bank usa news prior to March 30, 2016.

In levying the FX fine on Deutsche Bank, the Board found deficiencies in the firm's oversight of, and internal controls over, FX traders who buy and sell U.S. dollars and foreign currencies for the organization's own accounts and for customers. The firm failed to detect and address that its traders used electronic chatrooms to communicate with competitors about their trading positions. The Board's order requires Deutsche Bank to improve its senior management oversight and controls relating to the firm's FX trading.

The Board is also requiring the firm to cooperate in any investigation of the individuals involved in the conduct underlying the FX enforcement action and is prohibiting the organization from re-employing or otherwise engaging individuals who were involved in this conduct.

Separately, the Board found gaps in key aspects of Deutsche Bank's compliance program for the Volcker rule, which generally prohibits insured depository institutions and any company affiliated with an insured depository institution from engaging in proprietary trading and from acquiring or retaining ownership interests in, sponsoring, or having certain relationships with a hedge fund or private equity fund.

The Board also found that the firm failed to properly undertake certain required analyses concerning its permitted market-making related activities. The consent order requires Deutsche Bank to improve its senior management oversight and controls relating to the firm's compliance with Volcker rule requirements.

Search of Federal Deutsche bank usa news enforcement actions.

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Источник: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20170420a.htm

Deutsche Bank won’t do future business with Trump in wake of U.S. Capitol riots: Report

Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters’ assault on the U.S. Capitol, the New York Times reported.

Deutsche Bank is Trump’s biggest lender, with about US$340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons, according to Trump’s disclosures with the U.S. Office of Government Ethics dated July 31 last year, plus banking sources.

The move, reported by the NYT and citing a person familiar with the deutsche bank usa news thinking, comes as Signature Bank – where Trump’s ethics disclosures show he has checking and money-market accounts – called for him to step down.

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“The resignation of the president … is in the best interests of our nation and the American people,” Signature Bank said on its website.

A spokesman for Deutsche Bank declined to comment city bank credit card no annual fee Tuesday on the NYT report.

The Trump Organization did not immediately respond to an email seeking comment outside normal business hours, and the White House press office did not answer the phone.

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Christiana Riley, the head of Deutsche Bank’s U.S. operations, condemned the Jan. 6 violence in Washington in a post on LinkedIn last week.

“We are proud of our Constitution and stand by those who seek to uphold it to ensure that the will of the people is upheld and a peaceful transition of power takes place,” she wrote.

Click to play video: 'U.S. Capitol riot: Republicans join growing calls for Trump to resign'U.S. Capitol riot: Republicans join growing calls for Trump to resign

Reuters reported in November that Deutsche Bank was looking for ways to end its relationship with Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties.

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Trump’s loans with Deutsche are for a golf course in Miami and hotels in Washington and Chicago.

The president was handed a rebuke by the world of professional golf this week, with the PGA of America and the R&A both announcing they would shun two courses owned by the President in the wake of the Capitol storming.

Twitter and Facebook have shut down Trump’s social-media feeds. (Reporting by Tom Sims; Editing by Louise Heavens and Pravin Char)

Источник: https://globalnews.ca/news/7570342/deutsche-bank-future-business-trump/

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  • The Federal Deposit Insurance Corporation supervises state-chartered banks that are not members of the Federal Reserve System and State-chartered savings associations. The FDIC also insures deutsche bank usa news in banks and savings associations in the event of bank failure.
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Источник: https://www.occ.treas.gov/topics/charters-and-licensing/financial-institution-lists/index-financial-institution-lists.html

Deutsche bank may move half of New York staff elsewhere

The German lender could “conceivably" cut its New York headcount by half in that time period, depending on the evolution of “smaller hubs and pockets," Americas Chief Executive Officer Christiana Riley said in an interview with the newspaper published Sunday.

Riley expects banks to concentrate their workforces in different low-cost areas of the US, instead of copying the model of some technology companies, which allow their staff to essentially work from anywhere they like.

“I’m optimistic that New York remains, to a degree, a hub," Riley told the FT. “You will continue to have significant amounts of institutional capital sitting in and around New York . But that isn’t maybe going to be relevant for all of those people," she added.

Banks and other companies are thinking about how to re-balance their office locations and the amount of on-site work for the period after the coronavirus pandemic, which has prompted an unprecedented number of people to work from home.

Deutsche Bank this week said that it expects to lower its 2022 adjusted costs deutsche bank usa news 300 million euros ($363 million) more than previously announced, partly thanks to the impact of the pandemic on work habits.

The lender said in September that workers in New York could continue working from home until the middle of next year. The Frankfurt-based company plans to leave its offices at 60 Wall St. for new headquarters at Manhattan’s Columbus Circle next year.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Источник: https://www.livemint.com/companies/news/deutsche-bank-may-move-half-of-new-york-staff-elsewhere-11607865097577.html

Remember: Deutsche Bank wants to cut 1,000 jobs a quarter

Deutsche Bank has become something of a Janus when it comes to hiring and deutsche bank usa news. On one hand, it's cutting 250 jobs in Ireland under the strategic plan it announced in mid-2019. On the other, it wants to let it be known that it's hiring and has recruited 30 senior executives across its investment bank in Europe and the U.S. so far in 2021. 

The German bank is able to maintain its contradictory deutsche bank usa news because the people it's hiring and the people it's firing are not the same. - Having cut 20% of the front office staff in its investment bank in 2019 when it closed its equities sales and trading business and rationalized M&A teams, Deutsche is now hiring again in the front office and firing still in the back and middle. And there are still plenty of back and middle office jobs to go.

Deutsche said in July 2019 that it wanted to cut 18,000 jobs. At the time it said this, the bank employed 90,886 people. At the end of the first quarter this year, it still employed 84,639. There appears to be 11,500 more jobs to go before the 18,000 target is met.

What has befallen DB's Irish staff could therefore soon befall other DB staff in predominantly middle and back office locations like Birmingham and Jacksonville. In his presentation at last year's December investor day, chief transformation officer Hyatt place austin north central Campelli said attention at the bank was shifting, "from cost reduction in the businesses to infrastructure." In May 2021, Deutsche CFO James von Moltke said the bank planned to reduce costs by, "interlocking more closely the back office of the corporate bank and the investment bank.”

By its own reckoning, Deutsche seems to have fallen behind its headcount target. Exactly one year ago, Von Moltke said the virus had caused a "hiatus" in the bank's planned job cuts, which were supposed to be taking place at, a "glide path" of "something like a thousand heads a quarter."

The plan was never to actually cut 18,000 people: some were supposed to disappear of their own sign in to renasant online banking by virtue of natural attrition and retirement, but too few people left during 2020, and Deutsche warned last year that it might need to remove people forcibly as a result.

The cuts in Ireland won't necessarily bring Deutsche closer to its 18,000 target. The bank says it's actually moving them “to other centers around the world." This too looks like a warning to Deutsche middle and back office staff in North America and Western Europe: Campelli said in December that Deutsche planned to assess "roles, locations and rates." The bank is committed to hiring 1,000 people in India. More jobs will deutsche bank usa news to go in other locations to accommodate that.

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Источник: https://www.efinancialcareers.com/news/2021/07/deutsche-bank-18000-job-cuts

Deutsche Bank halts business with Trump over Capitol assault: NYT

Deutsche Bank has decided to halt business with Donald Trump and his companies, joining the chorus of firms and social media companies taking their distance from the president in the wake of the assault on the US Capitol which left five people dead.

Citing a person familiar with the bank’s thinking, the news was reported by the New York Times on Monday.

The German bank is Trump’s biggest lender, with about $340m in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons, according to Trump’s disclosures with the US Office of Government Ethics dated July 31 last year, plus banking sources.

The move comes as Signature Bank, where Trump’s ethics disclosures show he has checking and money-market accounts, called for him to step down.

“The resignation of the president … is in the best interests of our nation and the American people,” Signature Bank said on its website.

A spokesman for Deutsche Bank declined to comment on Tuesday on the NYT report.

The Trump Organization did not immediately respond to an email from Reuters news agency seeking comment outside normal business hours, and the White House press office did not answer the phone.

Christiana Riley, the head of Deutsche Bank’s US operations, condemned the January 6 violence in Washington in a post on LinkedIn last week.

“We are proud of our Constitution and stand by those who seek to uphold it to ensure that the will of the people is upheld and a peaceful transition of power takes place,” she wrote.

Reuters reported in November that Deutsche Bank was deutsche bank usa news for ways to end its relationship with Trump after the US elections, as it tires of the negative publicity stemming from the ties.

Trump’s loans with Deutsche are for a golf course in Miami and hotels in Washington and Chicago.

The president was handed a rebuke by the world of professional golf this week, with the Professional Golfers’ Association of America and the Royal and Ancient Golf Club both announcing they would shun two courses owned by Trump following the Capitol storming.

Twitter and Facebook have shut down Trump’s social deutsche bank usa news feeds.

Source: Al Deutsche bank usa news and news agencies


Источник: https://www.aljazeera.com/news/2021/1/12/deutsche-bank-halts-business-with-trump-over-capitol-assault-nyt
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3 Replies to “Deutsche bank usa news”

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