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Tag Archives: John Cryan

“Worse Than People Can Imagine” – Deutsche Bank To Shift $350 Billion Of Assets From London To Frankfurt

In a project dubbed 'Bowline', Bloomberg reports that Deutsche Bank may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union. While not the first bank to threaten to move post-Brexit, the scale of asset movement is the largest yet. Deutsche Bank’s balance sheet listed 1.59 trillion euros in total assets at the end of last yea and...

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Deutsche Bank Plunges Into Red For 2017 After Dilution, Revenue Warning

After raising capital at a 35% discount over the weekend, Deutsche Bank shares are tumbling once again - back into the red for 2017 - after CEO John Cryan warned that revenue would be "broadly flat" in 2017. As Bloomberg reports, Germany’s biggest bank has seen revenue falling or little changed from last year across most of its businesses. For the full year, the lender expects revenue to be “broadly flat,” it said in its annual report published Monday.   While...

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Deutsche Bank’s Office In Israel Raided, Managing Director Arrested Over Tax Violations

Define irony: just three days after Deutsche Bank took out a massive, full-page ad in German media to apologize for its market rigging "misconduct", Deutsche Bank managing director, Boaz Schwartz, who is also the German lender's chief executive officer in Israel, was arrested over alleged value-added-tax violations involving the company’s clients, in the latest setback in the German firm’s attempts to end years of legal issues and misconduct, prompting some to question the sincerity of DB's...

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