NEWSWORTHY
U.S. banks, consumer bureau face tighter scrutiny under Rep. Maxine Waters
Come January, the banking industry is going to be on Rep. Maxine Waters' time. With Democrats taking control of the House of Representatives, the California representative is expected to become chairwoman of the powerful House Financial Services Committee, which oversees the nation's banking system and ...
Ex-Deutsche Bank dealer joins cryptocurrency startup FXcoin Ltd. as strategist
A Japanese cryptocurrency startup founded by a Deutsche Bank AG veteran has hired another alumnus of the German lender to provide research on digital tokens. FXcoin Ltd., which is seeking regulatory approval to exchange virtual currencies including Bitcoin, recruited Yasuo Matsuda as a senior strategist. ...
Nippon Life to acquire 5% stake in Deutsche Bank unit and send representative to join new board
Nippon Life Insurance Co. said Monday it has inked a deal with Germany's Deutsche Bank to acquire a 5 percent stake in the company's asset management unit. The Japanese life insurer, hoping to boost its asset management business, is expected to invest around ¥40 billion ...
U.S. fines Deutsche Bank, UBS and HSBC for manipulating metals markets via 'spoofing'
U.S. authorities on Monday announced fines and charges against three major European banks and eight individuals accused of manipulating futures markets for precious metals. Deutsche Bank, UBS and HSBC will together pay a total of $46.6 million to settle allegations that traders at the banks ...
Deutsche Bank records on Trump and family reportedly subpoenaed by special counsel Robert Mueller
U.S. prosecutors probing Russia's election meddling have subpoenaed financial records from Donald Trump's longtime financier Deutsche Bank, two sources said Tuesday. The White House denied the president was targeted directly. A source close to the matter said Germany's biggest bank had received a subpoena from ...
House GOP ranks block bid by Democrats to view U.S. Treasury files on Trump for Russia links
U.S. House Republicans on Tuesday shot down a legislative effort by Democrats to obtain Treasury Department documents that could show any ties between the finances of President Donald Trump, his inner circle and the Russian government. The bill was rejected amid intense sparring with Democrats ...
Trump's finances expected to face Mueller's scrutiny despite president's warning
President Donald Trump's growing anxiety about the federal Russia probe has spilled into public view with his warning that special counsel Robert Mueller would be out of bounds if he dug into the Trump family's finances. But that's a line that Mueller seems sure ...
Deutsche Bank lays seeds for future with warrants in Japan
Deutsche Bank AG is helping smaller Japanese companies less able to access the bond market raise money using warrants, as it searches for investment banking clients to generate future business. The German lender was the lead sales arranger in 2013 of warrants, securities that give ...
An employee of Deutsche Bank AG's Japanese brokerage unit was arrested Thursday on suspicion of bribery as the securities watchdog recommended penalties against the firm for excessive entertainment spending. Shigeru Echigo, a director of Deutsche Securities Inc.'s pension solution sales department, is suspected of entertaining ...
Anshu Jain brings Deutsche Bank to world as client's man
Twelve days into his job as co-CEO of Deutsche Bank AG, Anshu Jain stood beside Germany's finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem. Jain, an Indian-born British citizen who built ...
