Deutsche

Deutsche Bank posts 30% drop in Q4 profit; announces buybacks, dividends

The earnings set the stage for what could be a more difficult 2024 for banks, with possible interest rate cuts later this year eroding the interest income that has proven a boon to banks

Lufthansa resumes operations after IT issues grounded hundreds of flights

Deutsche Lufthansa AG is returning to normal flight operations after widespread software problems linked to damaged Deutsche Telekom AG broadband cables grounded hundreds of planes

Sebi's front-running investigations rise even as overall cases dip

More probes were completed than in the previous year

Sebi fines 6 entities worth Rs 15 lakh in Deutsche Mutual Fund case

Capital markets regulator Sebi has imposed penalties totalling Rs 15 lakh on six entities in a case pertaining to front-running the trades of Deutsche Mutual Fund, which is now known as DHFL Pramerica Mutual Fund. Those penalised by Sebi are -- Kanchan Jena, Hemlata Dei Jena, Malati Lata Jena, Jayant Chhaparia, Abhishek Chhaparia and Progressive Share Brokers. They have been directed to pay the fine within 45 days, according to two separate orders passed by Securities and Board of India (Sebi) on Friday. Sebi found that the Fund Manager (FM) of Deutsche Mutual Fund (DMF) and his parents had employed a scheme to 'front run' the orders of the DMF and also were involved in every step that led to the fruition of the scheme, from the beginning till the withdrawal of the wrongful gain of the front running trades. However, three sisters -- Kanchan Jena, Hemlata Dei Jena, Malati Lata Jena -- Jayant Chhaparia, Abhishek Chhaparia facilitated them in executing front-running trades during the

Australia drops landmark criminal cartel case against Citi, Deutsche

After nearly four years of pre-trial hearings in packed courtrooms, federal prosecutors said they had pulled the case after reviewing the evidence

Deutsche Bank India branches report 48% jump in net profit in FY21

The bank had reported a net profit of Rs 1,031 crore in the year-ago period.

JPMorgan, Deutsche Bank among firms sued by 1MDB over $23-bn loss

The court proceedings mark Malaysia's continuing efforts to recover billions of dollars allegedly siphoned from 1MDB

Restructuring Deutsche Bank shows strongest quarter in seven years

The bank's long-running restructuring showed in lower costs

Germany set to take Lufthansa stake in landmark $9.8-billion bailout

The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.

Domestic banks race past Deutsche

Four domestic lenders have surpassed German banking major Deutsche Bank in market capitalisation this year. Germany's biggest bank is currently valued at just $18 billion, following a 50 per cent slide in its stock price so far this year. In comparison, State Bank of India (SBI), ICICI Bank, Kotak Mahindra Bank and Axis Bank are all valued at over $20 billion, because of a decent run at the bourses. HDFC Bank, India's most valuable bank, is valued at nearly three times that of Deutsche Bank. The private sector lender is more valuable than several other banking biggies in Europe. Shares of Deutsche Bank slumped six per cent on Monday to its lowest level since the 1980s on concerns over its financial health. The lender is also facing a $14-billion demand from the US Department of Justice to settle claims of mis-selling of mortgage-backed securities. Also, German Chancellor Angela Merkel has ruled out state assistance before the national election in September 2017. The bank's health is vi