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

Deutsche Bank overhaul ahead of plan, CEO tells investors

UK trade policy : A comprehensive strategy for a new beginning

British insurers serve as a trial run for the post-Brexit “unshackling”

STARLINK satellite internet service gets 500,000 preorders, Musk says

Musk claims he was engaged in revitalizing Tesla while upholding his $56 bln package

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

After China central bank vows to crack crypto trade, Bitcoin slips

Bahamas investigators are looking into the FTX collapse

Volatility is most essential for crypto ecosystem

Morning Bid: Crypto a disaster, Congress looking different ways

Binance registers with Italy’s regulator amid plans to expand in Europe

Cryptocurrencies drop after FTX-Binance dispute worries investors

Stocks gain as upbeat wall St earnings lift outlook

Wall Street declines as jobs data dampens expectations for Fed rate easing

SMEs and the role of Fintech during the Covid-19

COVID ignites a breakthrough in one-day work trips as airlines undergo rebranding

Asia shares falls on worries over inflation, Fed outlook

China maintains its COVID strategy; U.S. stocks decline and the dollar rises

Fed policymakers see upward march in interest rates

Fed to eye December downshift as it sets to deliver another significant rate hike

Global banks in Hong Kong push to get staff back to office

Hong Kong to restore reputation as a financial centre, Lee promotes the “China advantage”

Global Business Review Magazine
Monday, January 30, 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

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

Swiss National bank sees a loss of about $143 billion in less than a year

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

UK trade policy : A comprehensive strategy for a new beginning

British insurers serve as a trial run for the post-Brexit “unshackling”

STARLINK satellite internet service gets 500,000 preorders, Musk says

Musk claims he was engaged in revitalizing Tesla while upholding his $56 bln package

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

After China central bank vows to crack crypto trade, Bitcoin slips

Bahamas investigators are looking into the FTX collapse

Volatility is most essential for crypto ecosystem

Morning Bid: Crypto a disaster, Congress looking different ways

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

  • British insurers serve as a trial run for the post-Brexit “unshackling”
  • Musk claims he was engaged in revitalizing Tesla while upholding his $56 bln package
  • In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective
  • Electric vehicle manufacturers struggle financially—struck by exorbitant prices
  • Bahamas investigators are looking into the FTX collapse

Categories

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

© 2022 Global Business Review Magazine - All Rights Reserved.

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

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version