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FRANKFURT -Deutsche Bank posted a 27% fall in second-quarter profit as revenues at the investment banking slumped, but the drop was not as bad as analysts had feared as higher interest rates fuelled...
Deutsche Bank on Wednesday said that it had hired 50 senior bankers in the origination and advisory business of its global investment bank and that a slump in activity affecting it and competitors was a thing of the past. The 50 managing directors and directors, and an unspecified number of junior bankers, have helped push up Deutsche Bank's front-office employees to 4,377 individuals, up 4% from a year earlier. The hiring comes amid efforts to cut costs and as Deutsche's investment bank revenue falls, and it is expected to lose its pole position as the German lender's top rev...
Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised questions for tourists about their
The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegations of greenwashing by the German fund manager DWS, with a fine by the end of September, two people with knowledge of the matter said. Resolution of the case with the U.S. authorities, which the people said would likely result in a financial settlement that is not expected to be significant, would help draw a line under an episode that has tarnished the image of Deutsche Bank-controlled DWS. DWS said the resolution of allegations was a top priority but that it couldn't comment on timeframes...
By Chris Prentice and Tom Sims NEW YORK/FRANKFURT (Reuters) - The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe int...