You may have heard that some shit is going down in Europe. This came as some surprise to me since I stopped paying attention to that whole continent when the banks were all fixed in December . What could possibly go wrong? I asked myself loudly, to drown out all the “Greece talks near [success / catastrophe]” I’d otherwise be hearing. Well, for one thing , some of those banks actually refused to be fixed just because they were, and I hope I’m representing their claims accurately here, “not...Read Full Story
Feb. 8 (Bloomberg) -- Deutsche Bank AG, Germany’s largest lender, told employees it will impose a 200,000 euro ($266,000) cap on bonuses this year, said three people with knowledge of the discussions. Erik Schatzker reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)Read Full Story
Feb. 8 (Bloomberg) -- Deutsche Bank AG, Germany’s largest lender, told employees it will impose a 200,000 euro ($266,000) cap on bonuses this year, said three people with knowledge of the discussions. Erik Schatzker reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)Read Full Story
The Germany’s largest bank Deutsche Bank AG (DBK) stated in fourth Quarter Profits a decline of 76 %.
As Europe’s sovereign-debt crisis restricted the trading and the company booked writedowns on holdings. Shares are dropped.
A Year ago the Net income drop from 601 million Euros to 146 million Euros, it has been said by a Frankfurt-based company to day in a statement. It is surveyed by 12 analysts that on the Average estimate earnings missed the 556 million Euros; the investment bank had...Read Full Story
The Financial Times reported that Deutsche Bank is preparing to launch a fund to snap up investors’ illiquid or damaged holdings in hedge funds that have failed to recover since the financial crisis. The bank estimates that, three years after the collapse of Lehman Brothers, investors are sitting on between $80bn and $100bn of hard-to-sell hedge fund assets that could prove lucrative in the coming years.Read Full Story
Josef Ackermann better watch out the next time he visits the Eurotower. It appears Mario Draghi, ECB president, hasn’t taken too kindly to comments made by Deutsche Bank chief executive last week. Mr Ackermann told analysts last Thursday that ...
Chief Executive Officer Josef Ackermann said Feb. 2 that 61 percent of total compensation at the bank will be deferred. Bank of America Corp. is also freezing base salary levels and limiting cash bonuses to $150,000 for some investment bankers ...
European Central Bank President Mario Draghi lashed out at bankers who said tapping the ECB’s three-year-loan program carries a stigma, after executives including Deutsche Bank AG (DBK)’s Josef Ackermann said they shunned the loans.
and Deutsche Bank AG Chief Executive Officer Josef Ackermann, the IIF said in a statement. Dallara is managing director and Ackermann chairman of the Washington-based IIF, an industry group representing more than 450 financial firms. They discussed the ...
Deutsche Bank AG shunned the three- year loans the European Central Bank offered to banks in December on concern taking the funds could damage its reputation with customers, said Chief Executive Officer Josef Ackermann.
LONDON, April 28 (Reuters) - While other bankers struggle to hold on to their posts, Josef Ackermann -- the one banking chief who wanted to go -- decided to stay on for another three years at the helm of Deutsche Bank AG ( DB - news - people ). The ...
Josef Ackermann (born February 7, 1948) is a Swiss banker and CEO of Deutsche Bank. He has been a Board Member of Deutsche Bank since 1996 and its CEO and Chairman of the Executive ...