https://feeds.thelocal.com/ Read the latest news and views from Germany in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed After shares in Deutsche Bank dropped, the German chancellor said on Friday that there was no reason to worry about the lender. https://www.thelocal.de/20230324/no-reason-to-worry-about-deutsche-bank-says-scholz Fri, 24 Mar 2023 16:39:52 +0100 no-reason-to-worry-about-deutsche-bank-says-scholz Deutsche Bank will cease its longstanding relationship with outgoing US president Donald Trump, The New York Times reported on Tuesday. https://www.thelocal.de/20210113/deutsche-bank-to-sever-ties-with-trump Wed, 13 Jan 2021 10:01:04 +0100 deutsche-bank-to-sever-ties-with-trump Deutsche Bank will pay $130 million to settle a foreign bribery probe and fraud charges in precious metals trading, US officials announced on Friday. https://www.thelocal.de/20210109/deutsche-bank-to-pay-130m-to-settle-us-probes Sat, 09 Jan 2021 16:08:23 +0100 deutsche-bank-to-pay-130m-to-settle-us-probes Deutsche Bank said Tuesday it will close one-fifth of its German branches to cut costs and adapt to changing consumer habits in the wake of the coronavirus pandemic. https://www.thelocal.de/20200922/deutsche-bank-to-close-one-in-five-german-branches Tue, 22 Sep 2020 15:48:43 +0200 deutsche-bank-to-close-one-in-five-german-branches The German financial institution will be cutting 18,000 positions worldwide, 9,000 of them in Germany, according to a report released Tuesday. https://www.thelocal.de/20191008/deutsche-bank-to-cut-9000-jobs-in-germany Tue, 08 Oct 2019 18:04:55 +0200 deutsche-bank-to-cut-9000-jobs-in-germany Germany's biggest lender Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country's financial sector looks to escape years of turmoil. https://www.thelocal.de/20190708/a-restart-deutsche-bank-to-cut-over-18000-jobs Mon, 08 Jul 2019 10:39:50 +0200 a-restart-deutsche-bank-to-cut-over-18000-jobs Banking giant Deutsche Bank is considering slashing more than a fifth of its workforce, according to media reports. https://www.thelocal.de/20190701/deutsche-bank-could-slash-up-to-20000-jobs Mon, 01 Jul 2019 16:22:37 +0200 deutsche-bank-could-slash-up-to-20000-jobs Germany's top lenders, Deutsche Bank and Commerzbank, plan to launch formal exploratory talks toward a possible merger, national media reported Sunday, following months of preliminary negotiations. https://www.thelocal.de/20190317/german-banking-giants-to-launch-formal-merger-talks Sun, 17 Mar 2019 12:50:44 +0100 german-banking-giants-to-launch-formal-merger-talks Two German unions on Wednesday firmly rejected the idea of a merger between top lenders Deutsche Bank and Commerzbank, even as preliminary talks get underway after pressure from Berlin. https://www.thelocal.de/20190313/10000-jobs-in-grave-danger-unions-warn-of-deutsche-commerz Wed, 13 Mar 2019 14:16:34 +0100 10000-jobs-in-grave-danger-unions-warn-of-deutsche-commerz A pair of US congressional committees now under Democratic control have begun probing Deutsche Bank's business dealings with President Donald Trump, a spokesperson for the German bank said Thursday. https://www.thelocal.de/20190125/trump-under-investigation-for-deutsche-bank-ties Fri, 25 Jan 2019 10:24:04 +0100 trump-under-investigation-for-deutsche-bank-ties German prosecutors raided several Deutsche Bank offices in the Frankfurt area Thursday over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak. https://www.thelocal.de/20181129/german-police-raid-deutsche-bank-in-panama-papers-graft-probe Thu, 29 Nov 2018 11:58:56 +0100 german-police-raid-deutsche-bank-in-panama-papers-graft-probe Germany's largest lender Deutsche Bank said on Thursday it will cut over 7,000 jobs and dramatically scale back its investment banking activities as it tries to turn the corner on years of losses. https://www.thelocal.de/20180524/deutsche-bank-to-cut-over-7000-jobs Thu, 24 May 2018 10:20:10 +0200 deutsche-bank-to-cut-over-7000-jobs German financial giant Deutsche Bank could cut up to 10,000 jobs as it looks to convince investors it is serious about returning to profitability, according to media reports Wednesday. https://www.thelocal.de/20180523/deutsche-bank-mulls-cutting-tenth-of-entire-staff-report Wed, 23 May 2018 19:00:23 +0200 deutsche-bank-mulls-cutting-tenth-of-entire-staff-report Germany's biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of €28 billion in a routine operation, more than the entire bank is worth. https://www.thelocal.de/20180420/deutsche-bank-accidentally-transfers-28-billion-euros-to-wrong-account Fri, 20 Apr 2018 14:24:45 +0200 deutsche-bank-accidentally-transfers-28-billion-euros-to-wrong-account Trouble-plagued Deutsche Bank is to oust its British CEO John Cryan and replace him with one of his deputies Sunday, media reported, in a bid to get Germany's biggest lender back on track after years in crisis. https://www.thelocal.de/20180408/crisis-hit-deutsche-bank-to-push-out-british-ceo Sun, 08 Apr 2018 15:56:37 +0200 crisis-hit-deutsche-bank-to-push-out-british-ceo Germany's top lender Deutsche Bank on Friday said it had quadrupled bonus payouts to staff in 2017, despite booking a bigger-than-expected net loss for the year. https://www.thelocal.de/20180317/huge-bonuses-at-deutsche-bank-despite-2017-loss Sat, 17 Mar 2018 03:13:58 +0100 huge-bonuses-at-deutsche-bank-despite-2017-loss Investors are suing Germany's biggest lender Deutsche Bank for €740 million, alleging they were underpaid for shares in subsidiary Postbank, local media reported on Wednesday. https://www.thelocal.de/20180103/deutsche-bank-faces-new-740-million-claim-with-investors Wed, 03 Jan 2018 15:58:42 +0100 deutsche-bank-faces-new-740-million-claim-with-investors The US government has requested that Deutsche Bank provide information on transactions potentially linked to Michael Flynn, President Donald Trump's former national security advisor, The Wall Street Journal reported on Friday. https://www.thelocal.de/20171216/us-asks-deutsche-bank-for-info-on-flynn-linked-transactions-report Sat, 16 Dec 2017 10:15:38 +0100 us-asks-deutsche-bank-for-info-on-flynn-linked-transactions-report As it emerges from years dogged by scandal, Germany's biggest lender Deutsche Bank aims to up profitability and reclaim a place on the global stage to rival giant American competitors. https://www.thelocal.de/20171008/chastened-deutsche-bank-plots-more-moderate-course Sun, 08 Oct 2017 11:49:50 +0200 chastened-deutsche-bank-plots-more-moderate-course Shares in Germany's biggest lender Deutsche Bank gained in morning trading Thursday, after Bloomberg News reported it would move investment banking activities from London to its Frankfurt headquarters in response to Brexit. https://www.thelocal.de/20170706/brexit-deutsche-bank-shares-gain-ditching-london-for-frankfurt Thu, 06 Jul 2017 15:40:29 +0200 brexit-deutsche-bank-shares-gain-ditching-london-for-frankfurt