Posts tagged "Deutsche Bank"
Abu Dhabi Company Pulls Daimler Investment
An Abu Dhabi company is abandoning its investment in the German automaker, Daimler. This report came from a German magazine that received tips from various sources within Daimler. According to the report, Abu Dhabi company Aabar is thinking of transferring over their last 3% shares in Daimler to Deutsche Bank. Aabar became the largest...
Deutsche Bank Cuts Back on Costs
FRANKFURT – Deutsche Bank will no longer ask its shareholders for additional capital. Instead, it will reduce its balance sheet and cut costs to meet stricter new regulations. The organization aims to address structural and a cyclical downturn in the banking sector with a strong plan that includes a charge for €4EUR million ($5...
Deutsche Bank Suspends Employees for Manipulating LIBOR Rates
FRANKFURT – Two employees of Deutsche Bank were suspended after the company used external auditors to examine whether their personnel engaged in the handling of interbank lending rates. This was reported by the German magazine Der Spiegel, without citing sources. The article claims that the bank received requests for information from U.S. authorities and EU...
Twelve Banks Confirm Participation in Greece’s Debt Swap Plan
A dozen large banks that are part of the Institute of International Finance (IIF), announced their participation in Greece’s debt swap plan. The entities that have agreed to participate in the international financial plan of funding €130,000 million to save Athens from bankruptcy. This operation involves the cancellation of more than €100,000 million...
