The Local Germany

Deutsche Bahn to fight future heatwaves with 'white rails'

Wed, 25 Sep 2019 16:27:16 +0200

After successive summer heatwaves Germany's public rail operator Deutsche Bahn is testing white-painted rails designed to reflect some rays and protect them from heat damage.

Passengers left in lurch as train driver forgets to stop in Wolfsburg (again)

Mon, 13 Nov 2017 16:40:49 +0100

The train passenger association Pro Bahn has called for Wolfsburg to become a regular stop on trains to Berlin, after yet another driver of a high-speed ICE train missed the stop on Sunday.

Berlin train startup's challenge to Deutsche Bahn hits brakes after 5 months

Fri, 12 May 2017 15:48:56 +0200

Berlin rail startup Locomore has been placed into administration just months after it launched a challenge to state-owned monolith Deutsche Bahn, which dominates long-distance train travel in Germany.

Deutsche Bank fine 'could threaten EU financial system'

Sat, 08 Oct 2016 10:08:52 +0200

Eurogroup chief Jeroen Dijsselbloem has said that US fines on European banks such as Deutsche Bank were eroding the stability of the European finance system.

US DoJ hits Deutsche Bank with record $14bn fine

Sat, 17 Sep 2016 10:55:01 +0200

US authorities are targeting Deutsche Bank for a record $14-billion fine marked the latest blow to Germany's biggest lender, which since the 2008 financial crisis has run a gauntlet of setbacks.

Online banking hack nets over €1 million for crooks

Wed, 21 Oct 2015 10:50:52 +0200

Criminals have successfully stolen tens of thousands of euros from dozens of people across Germany after finding a way around systems that text a code to confirm transactions to online banking users.

Train drivers mull action as pilots strike truce

Mon, 03 Nov 2014 09:51:00 +0100

Train drivers' union GDL may announce more walkouts on Monday, but Lufthansa pilots have promised not to repeat their disruptive strikes of recent weeks during negotiations to end the industrial dispute.

Deutsche Post and ADAC unveil bus network

Wed, 09 Oct 2013 11:05:00 +0200

Deutsche Post and motoring association ADAC will launch a new bus service on November 1st in a bid to challenge Deutsche Bahn’s dominance over long distance journeys. They unveiled their plans in Bonn on Wednesday.

Tax-haven leak implicates rich Germans

Thu, 04 Apr 2013 14:00:00 +0200

An leak of millions of documents about rampant tax evasion by the rich includes hundreds of Germans, including late playboy and art collector Gunter Sachs. Deutsche Bank is also implicated as an "aggressive" enabler.

Shareholders back Deutsche Börse merger

Thu, 14 Jul 2011 20:04:00 +0200

Shareholders controlling more than 80 percent of German stock market operator Deutsche Börse approved Thursday a merger with NYSE Euronext to create the world's biggest stock exchange.

NYSE Euronext shareholders approve Deutsche Börse merger

Thu, 07 Jul 2011 18:36:00 +0200

NYSE Euronext shareholders approved Thursday a merger with Deutsche Börse to form the biggest stock exchange operator in the world valued at some $25 billion (€17.4 billion).

Deutsche Börse aims to fend off Nasdaq interest in NYSE

Fri, 01 Apr 2011 18:42:00 +0200

German stock exchange operator Deutsche Börse insisted Friday its mooted merger with the New York Stock Exchange was the better deal after a rival bid emerged from Nasdaq and ICE.

Deutsche Börse seals merger with NYSE

Tue, 15 Feb 2011 18:19:00 +0100

Deutsche Börse agreed to merge with NYSE Euronext on Tuesday, creating the world’s largest stock market operator.

Deutsche Bank mulling job cuts

Tue, 24 Mar 2009 15:00:00 +0100

Deutsche Bank said Tuesday it might have to eliminate jobs as it battles the global

Steinbrück expects private banks to ask for state aid

Thu, 30 Oct 2008 09:48:00 +0100

A certain number of German banks will apply for state aid in the coming days, including some who had said they would not need it, Finance Minister Peer Steinbrück told the Financial Times Deutschland on Thursday.

Glos demands bankers sacrifice bonuses

Tue, 21 Oct 2008 10:12:00 +0200

German Economy Minister Michael Glos on Monday called for investment bankers to follow the example of Deutsche Bank CEO Josef Ackermann by forgoing their bonuses this year in light of the global financial crisis.

Lafontaine backs Sodann's call to jail German bankers

Mon, 20 Oct 2008 20:04:00 +0200

Oskar Lafontaine, the head of the hard-line-socialist Left party, is backing the controversial call by the party's presidential candidate Peter Sodann to jail German bankers like Deutsche Bank CEO Josef Ackermann.

Deutsche Bank seals Postbank deal

Fri, 12 Sep 2008 16:39:00 +0200

Deutsche Bank struck a deal on Friday to buy a stake in Germany's largest retail bank Postbank for €2.79 billion ($3.93 billion) in the country's latest major banking deal.

Deutsche Bank targets Postbank stake

Thu, 11 Sep 2008 10:56:00 +0200

In another move towards the consolidation of Germany’s banking sector, Deutsche Bank has confirmed its is in advanced talks to take a stake in Postbank.

Deutsche sole European bank to bid for Bear Stearns

Thu, 20 Mar 2008 11:16:00 +0100

Deutsche Bank was the only big European bank to bid for Bear Stearns in last week's fire sale and it might get another shot as shareholders balk at the takeover by JP Morgan Chase.