Frank Siebelt

Deutsche's Postbank faces strike as German wage talks heat up

Jan 14 2022

FRANKFURT Employees at 40 branches of Deutsche Bank's Postbank are staging brief, warning strikes on Friday and Saturday as they cite rising inflation to demand higher wages, a union official said.

Cerberus' German bank sale likely just the beginning - sources

Jan 11 2022

FRANKFURT (Reuters) -Cerberus' sale this week of part of its sizeable holdings in Deutsche Bank and Commerzbank is likely the first step to a full exit from the lenders by the U.S. investor, said two people with knowledge of the matter.

No stranger to turmoil, Dutch dealmaker Wynaendts set for Deutsche chair

Nov 22 2021

FRANKFURT (Reuters) -As head of Dutch insurer Aegon, Alexander Wynaendts led a complex European financial institution with staff around the world and a large U.S. presence during a turbulent decade, experience that should serve him well as the next chair of Germany's Deutsche Bank.

Deutsche Bank to name Dutchman as next chair in changing of guard

Nov 19 2021

FRANKFURT Deutsche Bank said on Friday that it would nominate the Dutch businessman Alexander Wynaendts as the next chairman of its supervisory board, marking a new era for Germany's largest lender.

Commerzbank forecasts 2021 profit as European banks post strong Q3

Nov 04 2021

FRANKFURT In the midst of a major overhaul, Germany's Commerzbank on Thursday posted better-than-expected third-quarter net earnings and forecast a profit for the full year, defying analysts' predictions for a 2021 loss.

Deutsche Bank extends profit run on boost from dealmaking fees

Oct 27 2021

FRANKFURT Deutsche Bank's profits rose a stronger than expected 7% in the third quarter, the bank's fifth straight quarter in the black as fees for advising on deals partly made up for a drop in trading revenue.

We're hiring: Deutsche expands investment bank in revenue quest

Oct 27 2021

FRANKFURT Deutsche Bank is gingerly hiring new staff at its investment bank, which has become its biggest revenue generator https://www.reuters.com/business/deutsche-bank-posts-better-than-expected-q3-net-profit-2021-10-27, as it pursues new revenue opportunities.

Weidmann: the often lonely ECB voice against easy money

Oct 20 2021

FRANKFURT Bundesbank chief Jens Weidmann, who on Wednesday announced his decision to stand down more than five years early, led a decade-long fight inside the European Central Bank against the easy-money policies espoused by successive ECB presidents.

World News