Tag: Deutsche Bank
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Deutsche Bank to cut 3,500 jobs
Deutsche Bank, one of Germany’s largest financial institutions, has announced its decision to slash 3,500 jobs as part of a major restructuring plan. This move comes as the bank tries to improve its profitability and cope with the effects of global economic uncertainties. The job cuts, which amount to approximately 7% of the bank’s global…
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Deutsche Bank to strengthen Shariah custody in Southeast Asia
Deutsche Bank, a leading global financial institution, has recently announced its plans to reinforce its Shariah custody services in Southeast Asia. As the demand for Islamic finance continues to grow in the region, Deutsche Bank aims to provide enhanced support to clients through its specialized Shariah-compliant custody solutions. Meeting the Rising Demand Southeast Asia has…
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Deutsche Bank closes Postbank branches
Deutsche Bank Closes Postbank Branches Published on: May 31, 2021 Introduction Deutsche Bank has announced the closure of several Postbank branches across the country as part of its strategic restructuring plan. This move comes as Deutsche Bank aims to streamline its operations and optimize its cost structure. Reasons behind the Closure The decision to…
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Standard Chartered and Deutsche Bank pilot SWIFT alternative
In a move to revolutionize global banking transactions, Standard Chartered and Deutsche Bank are teaming up to pilot a new alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. The SWIFT network, established in 1973, has long been the backbone of international banking communication, enabling secure transactions between…
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Deutsche Bank finalises Numis acquisition
Deutsche Bank, a leading global financial institution, has announced the successful finalisation of its acquisition of Numis, a prominent investment banking and capital markets firm. This strategic move solidifies Deutsche Bank’s commitment to expanding its presence in the investment banking sector and capital markets. With the acquisition of Numis, Deutsche Bank aims to enhance its…
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BaFin appoints monitor at Deutsche Bank
BaFin Appoints Monitor at Deutsche Bank Deutsche Bank, one of Germany’s largest financial institutions, is set to face increased scrutiny as the country’s financial regulator, BaFin, has appointed a monitor to oversee its operations. The move comes after several high-profile scandals that have tarnished the bank’s reputation in recent years, including money laundering allegations and…
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Deutsche Bank partners with Taurus
Introduction Deutsche Bank, a leading global banking institution, has entered into an exciting partnership with Taurus, a renowned Swiss digital asset and blockchain infrastructure provider. This collaboration aims to revolutionize the financial industry by combining traditional banking services with cutting-edge technology, paving the way for secure and efficient digital asset management. Why this partnership matters…