Sterling rises as July inflation hits 18-month high
The pound sterling edged higher against the dollar and euro on Wednesday after UK inflation data for July showed…
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Deutsche Bank
European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
HSBC faces €31.7m penalty after EU court decision
HSBC has lost its challenge against a 31.7 million euro ($33.4 million) fine imposed by the European Union (EU) for…
Blackstone to float Spain’s Cirsa shares in €1b IPO
Private equity giant Blackstone aims to list shares of Spanish gambling company Cirsa in an initial public offering…
GM, Ford face investor scrutiny over pricing power, EV losses
General Motors (GM) and Ford Motor are set to release their third-quarter results, with GM reporting on October 22…
World Bank raises €2.5b euro bond, 1st for FY25
The World Bank, represented in the International Bank for Reconstruction and Development (IBRD), has successfully…
BNY Mellon warns of risks in Turkish asset inflows
BNY Mellon has raised concerns about the surge in foreign investment into Turkish assets, suggesting that the…
Europe property funds face reckoning, Amundi nears major sale
Amundi SA is close to finalising a sale of business parks to Blackstone Inc. for €250 million to €300 million as it…
European banks earnings to show impact of external factors
This week, Europe’s largest banks will announce their second-quarter earnings, focusing on whether gains from…
Deutsche bank faces profit risk amid Postbank lawsuit
Deutsche Bank is expected to report a loss for the second quarter, breaking a 15-quarter streak of profitability,…
Germany’s power grids need €300b for decarbonisation – KfW
Germany needs approximately 300 billion euros ($325 billion) in investments by mid-century to modernise its power…
Sterling gains on weak dollar, UK services growth
The pound strengthened on Wednesday, capitalising on a weakening dollar and a UK services sector report indicating…
UBS expands ME wealth management team with 10 hires
UBS announced on Tuesday the strengthening of its wealth management team in the Middle East with the addition of 10…
Deutsche Bank sets highest S&P 500 year-end target at 5,500
Deutsche Bank has increased its year-end S&P 500 target for 2024 to 5,500, the highest among major brokerages,…
Western banks hand €800m tax to Kremlin in ’23
The seven largest European banks in Russia paid over €800 million in taxes in 2023 despite pledges to reduce their…
European shares peak as inflation, fed Policy loom
European shares reached a two-week peak on Monday, building on last week’s robust gains, as investors anticipate…
Deutsche bank shares drop 5.5% following Postbank news
Deutsche Bank shares fell by 5.5 per cent in early trading on Monday following news of a longstanding lawsuit that…
European shares rise as investors await bank earnings reports
European shares saw a slight increase on Monday, with the STOXX 600 index rising by 0.2 per cent by 0828 GMT,…
European banks face interest rate test in earnings reports
Investors are eagerly awaiting the first quarter earnings reports from major European banks, starting with…
Morgan Stanley, Deutsche Bank: ECB to make 75bps rate cut in ’24
Morgan Stanley and Deutsche Bank, anticipate a 75 basis point (bps) reduction in borrowing costs by the European…
Bitcoin breaks records in rapid rise
Bitcoin and Ether saw significant rallies, with Bitcoin reaching a session high of $67,645 and Ether surging by 9.8…
ACC secures major financing for three gigafactories
ACC, a European auto battery manufacturer co-owned by Stellantis, Mercedes, and TotalEnergies, announced on Monday…
Deutsche Bank to cut 3.5K jobs as profits fall
Deutsche Bank is planning to cut 3,500 jobs after recording a net profit of 1.4 billion euros in the fourth quarter…
Egypt secures $500mln in funding for health, education projects
Egypt secured $500 million in financing from three international banks for development of health and education…
Deutsche Bank acquires UK broker Numis
Deutsche Bank has completed its full acquisition of London-based boutique investment bank, Numis, the German bank…
Greenpeace activists climb Deutsche Bank HQ to protest climate policies
Greenpeace activists climbed Deutsche Bank’s headquarters in Frankfurt on Wednesday and hung up a yellow banner to…
Barclays and Deutsche Bank’s profits climbs
British multinational universal bank Barclays and Deutsche Bank’s profits surge, as a result of income from higher…
Deutsche Bank to buy Numis Corp for $511 mln
Deutsche Bank is investing in the UK by buying London based boutique investment bank, Numis Corp for $511 million,…
Deutsche Bank to shutdown Russian IT operations
Deutsche Bank is set to close its Russian software technology operations in Moscow and St Petersburg, after many…
Hisham Ezz Al-Arab is back to CIB bank as non-executive member
Hisham Ezz Al-Arab has returned to the Commercial International Bank (CIB-Egypt) as non-executive member of its…
Deutsche Bank: Egypt’s economy could grow at a 3.5% clip this financial year
Egypt’s economy could grow by 3.5 percent clip this financial year, supported by government spending, expansion in…
Egypt hires Credit Agricole, Citi, HSBC, Deutsche Bank for U.S. dollar green bonds
Egypt has hired four banks ahead of a potential issuance of U.S. dollar-denominated green bonds, according to a…
Deutsche Bank to put an end to coal mining financing by 2025
Deutsche Bank has tightened its policy on fossil fuels, saying that it will end its business activities regarding…
Deutsche Bank expects profits fall during Q1
Deutsche Bank said it expects to report a fall in net income in the first quarter from a year ago, and will set…
Stock markets worldwide get $17 trillion gains in value in 2019: Deutsche Bank
Stock markets worldwide have been on a torrid run during 2019, making gains worth more than $17 trillion in total…
Deutsche Bank CEO backs Lagarde’s vision for euro zone fiscal stimulus
Deutsche Bank CEO Christian Sewing has backed European Central Bank (ECB) President Christine Lagarde’s call for…
Get to know the biggest risks to the financial markets in 2020 according to Deutsche Bank
Stock markets may be at record highs as the year winds down, but Wall Street has already begun issuing warnings…
Deutsche Bank posts 832 million euro third-quarter loss on restructuring
eutsche Bank posted an 832 million euro ($924.35 million) loss in the third quarter due to costs for a major…
Deutsche CEO to invest 15% of monthly net pay in bank’s shares
Deutsche Bank’s chief executive Christian Sewing will spend 15% of his monthly net salary buying the German…
Deutsche Bank has Trump tax returns sought in congressional probe
President Donald Trump’s longtime bank revealed Tuesday that it has tax records Congress is seeking in its…