, U.S Basks in Glory with 4 Cities included in the List of Cities with Highest Salaries
The Deutsche Bank recently released its- ‘Mapping the World Prices’ report, in which it has published the names of the cities having the highest …
, US Auto Industry Sales on the Verge of Collapse
Deutsche Bank pulls out a yellow card warning for the US auto industry. The auto industry in the US is about to head backward …
, Frankfurt Investigates Deutsche Bank’s Executives for VAT Fraud Scheme
German prosecutor has charged tax evasion charges against eight employees of Deutsche Bank, including one former employee of a major Frankfurt-based bank for their …
, The US Economic scale is growing in spite of stingy consumers
On Monday, a batch of economic report revealed that consumers were pitching pennies even after the US economic rose on a higher scale from …
, Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud
Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn …
, Germany to Face Job Cuts from Deutsche Bank
The new leadership for Deutsche Bank is all set to present plans aimed to build capital and trim down costs on the 11th of September, in a bid to deal with doubts of analysts regarding the capacity of the lender to show any profits in the present weak condition of the economic markets.
, Deutsche Bank to sell BHF-Bank to RHJ for $497m
Deutsche Bank has agreed to sell its BHF-Bank to RHJ International for approximately $497 million after year-long negotiations. In addition, RHJ International secured backing from shareholders and investors including a Chinese conglomerate. The RHJ International’s move to secure its acquisition of BHF-Bank was caused by the fact that German regulator had denied twice to give the approval to 2 previous deals.
, Dropping Deutsche Bank Q1 Profit after Crisis Reduces Trading
Deutsche Bank AG reported a fall in its first-quarter net profit by one-third from a record level a year earlier. Deutsche Bank blames this on the sluggish client activity, which has continued to pressurize investment banking activities across the board and due to exceptional charges has resulted in the bank’s effort to reduce risks.
, AIG to Sell its AIA Shares Worth $6 Billion
American International Group (AIG) is in quest for raising about $6 billion to repay a federal government bail-out. AIG will sell part of its stake in Asia subsidiary AIA Group in a long-awaited move to be able to repay the federal government bail-out.
, AT&T’s $39bn deal with T-Mobile: Morgan Stanley Smiling All The Way
AT&T’s $39 billion blockbuster takeover of T-Mobile marks the biggest global telecom deal since AT&T’s $89.4 billion buy of BellSouth in 2006. The latest among …
