• Latest
  • Trending
Emerging FX Trading Engine opened by Deutsche Bank in Singapore

Deutsche Bank overhaul ahead of plan, CEO tells investors

Investors caught off guard as Bank of Canada’s inflation indicator fails

BoC sets rates to two-decade peak with room for more

US markets’ slump deepens to a half-year peak; its consequences

US markets’ slump deepens to a half-year peak; its consequences

Dollar edges up as jolt from Fed minutes wanes

Dollar unflinchingly holds position amid uncharted numbers

Deutsche Bank snapped by Credit Suisse

Timeline until: Credit Suisse stumbled and UBS went to its aid

Relentless debt: US loans are dragging; root cause multiplies

Relentless debt: US loans are dragging; root cause multiplies

UK to slash bond issuance

Banks toss bets for high-jeopardy bonds

Support measures push Japanese corporate bankruptcies to 50 year low

Policymaker assembly ends with yen standing upright

Presently placid, the Fed is readying another shock

Presently placid, the Fed is readying another shock

Minor investors rejoice upon Chinese market rebound

Minor investors rejoice upon Chinese market rebound

China, US working hard on solution to audit dispute

US analysis of Chinese costs will not rely on the bloom time

Trend-setter Shein on Mexico expansion ideals

Trend-setter Shein on Mexico expansion ideals

Chip firm CXMT in dire straits with legislators chasing tails

Chip firm CXMT in dire straits with legislators chasing tails

Global Business Review Magazine
Saturday, June 10, 2023
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Deutsche Bank overhaul ahead of plan, CEO tells investors

Emerging FX Trading Engine opened by Deutsche Bank in Singapore

Deutsche Bank’s multi-year overhaul is ahead of plan and remains its primary focus said Chief Executive Christian Sewing to the shareholders, promising an era of more sustainable profit. Due to the pandemic situation, the bank’s annual shareholder meeting was held online.

This meeting took place in a more relaxed atmosphere than in recent years. Which is a reflection of the lender’s return to profit and rising share price. Three years into its restructuring, Sewing said Germany’s largest bank wasn’t over the finish line. He said that they have come a long way but still they have work to do, even though they have already achieved so much.

YOU MAY ALSO LIKE

BoC sets rates to two-decade peak with room for more

Timeline until: Credit Suisse stumbled and UBS went to its aid

Sewing said that their main focus is the successful execution of their transformation by 2022, when asked about possible mergers and acquisitions. For the first quarter, Deutsche posted a net profit. This is the strongest result in over seven years. This is driven by its investment bank which outperformed major U.S. rivals. Its shares are up more than 130% from last year’s record lows.

Chairman Paul Achleitner said that there are no more question marks hanging over the stability of their bank. And many of the problems of recent years have been remedied. Alexandra Annecke, a fund manager with Union Investment, said that the Deutsche had become an exciting turnaround story. She said that the shareholders have the worse behind them. And they finally see light at the end of the tunnel.

Deutsche’s restructuring is done by exiting business lines such as equities trading and shedding 18,000 staff. The bank is optimistic among the rating agencies. Recently Deutsche had been put under review for a possible upgrade by the Moody. But still the bank has problems in money laundering controls. Deutsche has been ordered to enact further safeguards to prevent money laundering, by the Germany’s financial regulator. Achleitner said that they must improve their transaction monitoring.

Tags: BankingDeutsche BankDigital TransformationPaul AchleitnerUnion Investment
ShareTweetShare

Search

No Result
View All Result

Recent News

Investors caught off guard as Bank of Canada’s inflation indicator fails

BoC sets rates to two-decade peak with room for more

US markets’ slump deepens to a half-year peak; its consequences

US markets’ slump deepens to a half-year peak; its consequences

Dollar edges up as jolt from Fed minutes wanes

Dollar unflinchingly holds position amid uncharted numbers

Deutsche Bank snapped by Credit Suisse

Timeline until: Credit Suisse stumbled and UBS went to its aid

Relentless debt: US loans are dragging; root cause multiplies

Relentless debt: US loans are dragging; root cause multiplies

UK to slash bond issuance

Banks toss bets for high-jeopardy bonds

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • BoC sets rates to two-decade peak with room for more
  • US markets’ slump deepens to a half-year peak; its consequences
  • Dollar unflinchingly holds position amid uncharted numbers
  • Timeline until: Credit Suisse stumbled and UBS went to its aid
  • Relentless debt: US loans are dragging; root cause multiplies

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Uncategorized
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2023 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2023 Global Business Review Magazine - All Rights Reserved.

Go to mobile version