Penalty against DWS imposed by German prosecutors follows $19mn settlement with US authorities in 2023
James von Moltke to be replaced by Morgan Stanley banker Raja Akram
Chief executive Christian Sewing says German lender needs to ‘turn around ship’ in its retail division
Former head of institutional clients brings case against former employer over alleged harm to his career
Exit or reduction in floorspace would mark latest retreat from docklands office district
One individual was paid about €18mn in 2024
German financial watchdog metes out second highest fine in its history
Top regulator was concerned about German lender’s credit risk management
Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to pay over £100mn
German lender has bulked up on back-office staff who do not generate revenue
Slaves to the algorithm
German watchdog BaFin set to conclude its own investigation in coming weeks
Marelli says it needs to fill ‘working capital gap’ as it grapples with $4.2bn in debt and falling demand from carmakers
Appointment by Deutsche Bank’s asset management arm to take effect after ban on new listed clients lifts
Lender’s statement highlights issues with predictability that help explain its lingering valuation discount
Reversion to the meme
Christian Sewing has ‘firm confidence’ lender will hit returns target this year as it reviews weaker units
German lender sees room for expansion in Americas where it lags in rankings
Lenders brushed off concerns about hit from falling interest rates
But Trump’s impact remains major uncertainty for markets, say strategists
Former Commerzbank executive Marcus Chromik to replace Olivier Vigneron in May
Call comes amid discontent with Germany’s ruling coalition ahead of snap election in February
Frankfurt-headquartered lender has imposed demanding targets on underperforming unit
Trying to prise Commerzbank from UniCredit’s jaws would be a distraction the lender cannot afford
German lender posts record third-quarter profits but tells investors to brace again for credit risks
