News | Latest Breaking News Stories & Headlines

Chairman Paul Achleitner defended Deutsche Bank's strategy after merger talks with Commerzbank failed due to the risks of doing a deal

Deutsche Bank chair against strategy change

Deutsche Bank chairman Paul Achleitner has said that Germany's largest lender did not need to fundamentally overhaul its investment bank after attempts to create a German champion with Commerzbank failed.

Business • 29 Apr 19

The move by Deutsche Bank and Commerzbank has dashed Berlin's hopes of creating a financial 'national champion'

Deutsche Bank and Commerzbank call off merger talks

Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank.

Business • 25 Apr 19

83% of Commerzbank employees are against a merger with Deutsche Bank, according to preliminary results of a poll

Commerzbank staff give thumbs down to Deutsche deal

About 83% of Commerzbank employees who took part in a staff survey are against a merger with Deutsche Bank, according to preliminary results of the poll seen by Reuters today.

Business • 17 Apr 19

Deutsche Bank spokeswoman said it was engaged in a "productive dialogue" with the two committees

Congressional committees issue subpoenas in Trump probe

Two US House of Representatives committees have issued subpoenas to multiple financial institutions, including Deutsche Bank, for information on President Donald Trump's finances.

US • 16 Apr 19

Deutsche Bank's CEO Christian Sewing had met three times this year with Germany's deputy finance minister, Joerg Kukies

Berlin reveals contacts with Deutsche amid merger talks

Deutsche Bank's chief executive had a series of meetings with Germany's deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government.

Business • 10 Apr 19

Reports says that Italy's UniCredit wants to take control of Commerzbank

Unicredit a spoiler in Deutsche-Commerzbank deal?

Deutsche Bank came under increased pressure today to move forward with a tie-up with Commerzbank after a report that Italy's Unicredit is preparing a rival bid for the German lender.

Business • 04 Apr 19

Commerzbank and Deutsche Bank announced last week that they were in talks to merge

Deutsche-Commerzbank tie-up opposed by 43% of Germans

Some 43% of Germans are against a merger between Deutsche Bank and Commerzbank, a survey showed today, while only 17% are in favour.

Business • 29 Mar 19

Unions fear the merger between Deutsche Bank and Commerzbank could lead to up to 30,000 job cuts

German finance minister not pushing for merger

German Finance Minister Olaf Scholz has rejected accusations that he was pressuring Deutsche Bank and Commerzbank to merge.

Business • 27 Mar 19

Christian Sewing's €7m total pay package making him one of the best paid chief executives in European banking.

Deutsche Bank CEO paid €7m last year

Deutsche Bank paid its management board members their first bonuses in four years in 2018.

Business • 22 Mar 19

Christian Sewing, the CEO of Deutsche Bank, believes there is a strong case for a merger with Commerzbank

Deutsche Bank CEO sees strong case for merger - source

Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking.

Business • 21 Mar 19

Deutsche Bank's management board has agreed to hold talks with Commerzbank about the feasibility of a merger

Berlin backs Deutsche Bank merger despite risks

The German government is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official has said.

Business • 11 Mar 19

Deutsche Bank reported €267m in net profit for 2018, compared with a loss of €751m in 2017

Weak Q4 mars Deutsche Bank's return to profit

A bigger than expected loss in the fourth quarter and weakness at its investment bank overshadowed the first annual profit in four years for Deutsche Bank.

Business • 01 Feb 19

Deutsche Bank CEO Christian Sewing's is trying to stabilise the bank after three years of losses under previous management

Deutsche Bank hit by new laundering report

Deutsche Bank has defended its record in fighting money laundering after the Financial Times reported it had processed €31 billion more in questionable funds for Danske Bank than previously thought.

Business • 07 Dec 18

German police raid Deutsche Bank offices for the second day in a row

Deutsche Bank raids continue for a second day

Police have searched the offices of all the members of Deutsche Bank's board as part of an investigation into money laundering allegations linked to the Panama Papers, a source told Reuters.

Business • 30 Nov 18

Six Deutsche Bank offices in and around Frankfurt were searched over money laundering allegations

Deutsche Bank searched in money laundering probe

Police raided six Deutsche Bank offices in and around Frankfurt today over money laundering allegations linked to the "Panama Papers", the public prosecutor's office in Germany's financial capital said.

Business • 29 Nov 18

The stress tests show both AIB and Bank of Ireland would have sufficient capital in the severe recession scenario used in the tests, according to the Central Bank

AIB, BoI could be strong enough to survive hard Brexit

The two main Irish banks are probably strong enough to survive the kind of economic downturn associated with a hard Brexit.

Business • 05 Nov 18

Germany's flagship lender is trying to bounce back from three consecutive years of losses and a run of negative headlines earlier this year

Deutsche Bank to swing to profit in 2018 despite Q3 dip

Deutsche Bank said today it was on track to swing to a profit this year, its first since 2014, despite a steep decline in third quarter profit as it restructures under new leadership.

Business • 24 Oct 18

Reports say that Deutsche Bank plans to transform its UK arm into a ringfenced subsidiary after Brexit

Deutsche to shift more assets to Frankfurt after Brexit

Deutsche Bank is considering shifting large volumes of assets from London to Frankfurt after the UK's planned exit from the European Union next year to meet demands from European regulators.

Business • 17 Sep 18

Deutsche Bank said its half yearly revenues were flat at €6.6 billion, halting a steep decline from previous years

Deutsche Bank Q2 net profit drops amid overhaul

Deutsche Bank has posted a 14% drop in net profit in the second quarter from a year earlier, as Germany's largest bank restructures under new leadership.

Business • 25 Jul 18

Deutsche Bank fails US Fed stress test

Deutsche Bank's US subsidiary has failed the second part of the US Federal Reserve's annual stress tests due to "widespread and critical deficiencies" in the bank's capital planning controls.

Business • 29 Jun 18

The violations at Deutsche Bank took place between 2007 and 2013

Deutsche Bank fined $205m on currency rigging charges

Deutsche Bank has agreed to pay a fine of $205m for violations of New York's banking laws, the state's Department of Financial Services has said.

Business • 21 Jun 18

Deutsche Bank's new CEO Christian Sewing

Deutsche Bank to cut staff in investment bank revamp

Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.

Business • 24 May 18

Deutsche Bank to scale back investment bank

Deutsche Bank today announced cutbacks to its bond and equities trading in a major overhaul of its troubled investment bank, after posting a 79% drop in net profit in the first quarter.

Business • 26 Apr 18

Deutsche Bank's outgoing CEO John Cryan (left) and new CEO Christian Sewing

Deutsche Bank names Sewing as new CEO

Deutsche Bank has named retail specialist Christian Sewing as its new chief executive officer with immediate effect.

Business • 09 Apr 18

Deutsche Bank's chief executive John Cryan

Deutsche Bank posts third consecutive annual loss

Deutsche Bank today posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a US tax reform, after a difficult fourth quarter.

Business • 02 Feb 18