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Deutsche Bank said it had put aside €1.3 billion ($1.4 billion) in provisions as part of a tense legal battle with former shareholders of Postbank, which Deutsche Bank took full control of in 2010.
The European STOXX 600 index fell around 4% with shares in Deutsche Bank down more than 14% at one point, closing the day at a loss of around 8%. [130] The UK's banking index also fell around 3% led by falls of around 6% for both Barclays and Standard Chartered and a 4% drop for NatWest.
Bank run at the Sparkasse on Mühlendamm, Berlin, 13 July 1931. The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on 11 May 1931, Landesbank der Rheinprovinz on 11 July 1931, and Danat-Bank on 13 July 1931.
Deutsche Bank AG [a] (German pronunciation: [ˈdɔʏtʃə ˈbaŋk ʔaːˈɡeː] ⓘ, lit. ' German Bank ') is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
Jerome Powell, chairman of the U.S. Federal Reserve, may not cut rates at all in 2025, according to Deutsche Bank. (Shelby Tauber/Bloomberg - Getty Images)
Deutsche Bank, reeling from a series of scandals and years of losses more than a decade after the onset of the global financial crisis, is seeking to repair relations with Berlin. The former head ...
Frankfurt prosecutors have dropped an investigation into two Deutsche Bank <DBKGn.DE> employees accused of aiding tax evasion through a former Virgin Islands unit, although they have fined the ...
The bank's chief risk and compliance officer, and head of the investment bank were reported to have departed as a result of the losses caused by Archegos and Greensill crises. [26] Later, the bank announced that it would have to raise up to $2 billion in fresh capital to support its equity base.