The settlement brings to an end one of two cases before the Cologne Higher Regional Court. The settlement will see an additional payment of EUR 36.50 per share, including interest, on the original offer price. Effecten-Spiegel AG played a key role as the main plaintiff in the case, having pursued legal action since Deutsche Bank's…
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Germany’s foremost lender indicated that it will not engage in another share buyback this year. When trading closed on Wednesday 24 July 2024, the bank was 8.32% in the red. According to a CNBC report, a €143m net loss applied to investors. The stated poll predicted a net loss of €145m. The firm warned of…
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The offering has drawn significant attention from investors not only in the Asia Pacific region but also globally. Fiona Ip, Deutsche Bank’s APAC treasurer, commented: Importantly, this issuance also represents the attractiveness of the Singapore dollar bond market, following strong recent deal flow and investor interest. Deutsche Bank returns to the SGD market for the…
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Previously, Deutsche Bank had disclosed intentions to reduce its workforce but had not specified the scale of these layoffs, which now represent nearly 4% of its approximately 90,000 employees globally, impacting mainly back-office functions. The bank plans to allocate €1.6 billion ($1.7 billion) for share buybacks and dividends in the first half of the year,…
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The CME panel's investigation uncovered that on 8th June and 9th June 2022, DBAG London was utilising an automated trading system (ATS). This system executed numerous conflicting buy and sell orders on behalf of a single account across three distinct futures markets: June 2022 New Zealand Dollars Futures (Non-inverted CME FX Link Spreads), Swiss Franc…
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The company will pay a staggering $19m for its ESG misstatements and another $6m for the anti-mutual fund violation. After investigation, the SEC found that DWS issued deceptive statements about how it employs ESG factors when doing research and making recommendations. In view of the charges, the company did not follow sound policies and procedures…
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BaFin stated: It requires contributors to have in place effective systems and controls. Contributors are natural or legal persons who contribute data for determining benchmarks. In the European Union, the Euro Interbank Offered Rate (EURIBOR) is used as benchmark, for example. Breaches of the Benchmarks Regulation can result in a fine which can reach up…
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Deutsche Bank highlighted its growing presence in the APAC region, moving up the list of the top-ranked liquidity providers in APAC in Euromoney’s annual FX Survey. Chris Bezuidenhout, CIO for Corporate & Investment Bank in APAC and Global Emerging Markets said: We continue to invest in sharpening our technology to ensure that our electronic offering…
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Better Payment’s "online payment gateway" is offered as a "white label" solution to other companies including banks, financial service providers or SaaS. These companies then use it as an addition to their own product portfolio and offer the technology enhanced with their own services Deutsche Bank expects high growth rates over the coming years in…
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Deutsche Bank and Fiserv plan to bring multiple payment solutions together, complementing Deutsche Bank’s banking offering. It will ultimately save merchants from having to enter into multiple contracts with a variety of payment providers. Stefan Hoops, Head of Corporate Bank at Deutsche Bank, said: By combining Fiserv payment solutions with our banking products, we will…
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