Deutsche bank news

Here are some recent news articles and updates about Deutsche Bank:

Recent News:

  1. Deutsche Bank to Cut 18,000 Jobs: In October 2020, Deutsche Bank announced plans to cut 18,000 jobs, or about 20% of its workforce, as part of a major restructuring effort to reduce costs and improve profitability. (Source: Bloomberg)
  2. Deutsche Bank Fined $150 Million by US Regulators: In September 2020, Deutsche Bank was fined $150 million by US regulators for violating anti-money laundering and sanctions rules. (Source: Reuters)
  3. Deutsche Bank to Pay $2.5 Billion to Settle US Lawsuit: In August 2020, Deutsche Bank agreed to pay $2.5 billion to settle a US lawsuit alleging that it had misled investors about the quality of mortgage-backed securities it sold during the financial crisis. (Source: The New York Times)
  4. Deutsche Bank to Sell Stake in Turkish Bank: In July 2020, Deutsche Bank announced plans to sell its 9.98% stake in Turkish bank Yapı Kredi for around $1.2 billion. (Source: Financial Times)
  5. Deutsche Bank to Cut Costs by $8.3 Billion: In June 2020, Deutsche Bank announced plans to cut costs by $8.3 billion by 2022 as part of its efforts to improve profitability. (Source: CNBC)

Recent Developments:

  1. Deutsche Bank's CEO Christian Sewing has announced plans to focus on the bank's core businesses and reduce its exposure to volatile markets. (Source: Financial Times)
  2. Deutsche Bank has been working to improve its risk management and compliance practices, including the appointment of a new chief risk officer. (Source: Bloomberg)
  3. The bank has also been expanding its digital capabilities, including the launch of a new digital banking platform in Germany. (Source: The Financial Brand)

Long-term Challenges:

  1. Deutsche Bank faces significant challenges in the form of low interest rates, increased competition, and regulatory pressures. (Source: The Economist)
  2. The bank has struggled to maintain its profitability in recent years, with net income declining by 30% in 2020. (Source: Deutsche Bank's annual report)
  3. Deutsche Bank's large exposure to European sovereign debt and its significant derivatives book also pose risks to its financial stability. (Source: Moody's Investors Service)

I hope this information is helpful!