With four decades of operations in Nigeria, Deutsche Bank AG, a global banking and financial services company with headquarters in Frankfurt, has reiterated its commitment to the development of Nigerian businesses. Head of Deutsche Bank’s Representative Office in Nigeria, Andreas Voss, who spoke at the awards ceremony to honour leading cash management and trade finance […]
Read More Former Merrill Lynch CEO John Thain is being nominated to the supervisory board of Deutsche Bank, Germany’s largest lender said on Wednesday. The nominations for the supervisory board come amid questions over the leadership of the loss-making bank and the future direction of its investment banking division. Deutsche Bank announced two other new nominees, Mayree […]
Read More Deutsche Bank will post a small net loss in 2017 after weak trading, low client activity and a 1.5 billion euro ($1.8 billion) negative impact from a tax overhaul in the United States, it said on Friday. The bank said that the reduction in the U.S. corporate rate to 21 percent from 35 percent would […]
Read More Deutsche Bank said on Thursday that it was making progress integrating its Postbank retail unit with its own in-house consumer bank. In a 15-page presentation to journalists, the bank reiterated that it was on track to realize more than 900 million euros ($1.1 billion) in cost synergies by 2020 with an investment of 1.9 billion […]
Read More Global banking and financial services company with headquarters in Frankfurt, Deutsche Bank AG, has bestowed on Ecobank Nigeria Limited, Access Bank, Sterling Bank Plc, Stanbic IBTC and Zenith Bank, the award for excellence in payment efficiency, cash management and trade finance. The banks were rewarded at an impressive award night, staged in Lagos at the […]
Read More The financial crisis is still haunting Deutsche Bank. In a report by CNNMoney, the U.S. Justice Department wants the bank to pay $14 billion over allegations it packaged up toxic mortgages between 2005 and 2007. But Germany’s biggest lender says the huge sum demanded by the U.S. government is just the opening move in what’s […]
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