Shareholders can sue Deutsche Bank AG (DBKGn.DE) for allegedly doing business with risky, ultra-rich clients like the offender Jeffrey Epstein and Russian oligarchs. Judge Jed Rakoff in Manhattan said shareholders may try to prove that the German bank was aware its know-your-customer and anti-money laundering controls were ineffective. A U.S. judge on Monday said investors … Read more
Local officials say a man thought to have aided federal investigators and media probing into Deutsche Bank was discovered dead in Los Angeles. According to CBS News, Val Broeksmit, the adoptive son of late Deutsche Bank CEO William Broeksmit, was discovered dead on Monday morning by a cleaning staff. According to the Los Angeles County … Read more
NEW YORK: Earlier this month, Deutsche Bank made headlines when it became the first large bank to predict a US recession, albeit a “mild” one. It is now predicting a deeper decline as a result of the Federal Reserve’s efforts to reduce stubbornly high inflation. In a note to clients on Tuesday, Deutsche Bank economists predicted … Read more
FRANKFURT: Germany’s largest lender Deutsche Bank on Thursday announced it had booked its highest profit in 10 years, driven by its investment arm after a difficult period of restructuring. In 2021, Deutsche Bank recorded a €1.9 billion ($2.1 billion) net profit, having posted a more slender €100 million margin in 2020, as the world economy … Read more
LONDON: European and the UK gas prices rocketed on Tuesday to an all-time high on strong winter demand and simmering geopolitical tensions between key supplier Russia and consumer nations. Europe’s reference Dutch TTF gas price hit 162.775 euros/megawatt hour in late morning deals, up more than 10 per cent from Monday, while UK prices leapt to … Read more
