FRANKFURT Germany's financial watchdog has ordered Deutsche Bank to do more to prevent money laundering and "terrorist financing," and has appointed a third party to assess progress.
FRANKFURT/LONDON German manufacturer Voith has been a customer of Deutsche Bank for more than a century. But as the maker of hydropower and paper plants expands abroad it said it has started to hire other international banks where it would have previously considered Germany's largest lender.
FRANKFURT, Sept 12 Deutsche Bank is
considering an overhaul to loosen the bond between its retail
and investment banks, according to three people with knowledge
of the matter, a move that could make it easier to merge some or
all of the group with rivals.
FRANKFURT Deutsche Bank is considering an overhaul to loosen the bond between its retail and investment banks, according to three people with knowledge of the matter, a move that could make it easier to merge some or all of the group with rivals.
* Move could make it easier to merge parts of group
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FRANKFURT Germany is doing all it can to ensure the European Union and Britain reach a divorce deal, Chancellor Angela Merkel said on Tuesday, warning that success was not guaranteed.
FRANKFURT Germany's Commerzbank sounded cautious after beating second quarter profit forecasts on Tuesday, saying costs would be higher than expected this year and it was facing "intense competition" for corporate clients. | Video
Frankfurt Die Deutsche Bank hat Mängel in ihren internen Verfahren und Systemen zur Überprüfung von Kunden gefunden, die von den Aufsehern im Kampf gegen Geldwäsche und Sanktionsbrüche vorgeschrieben werden.
FRANKFURT Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering.
FRANKFURT Swiss Re is exploring a 2019 listing in Britain of its UK closed book business ReAssure, it said on Friday as a 17 percent fall in first half net profit hit its shares.