German bankers gathered in Berlin on Wednesday for a trade association meeting. They were visited by president Joachim Gauck - who challenged the banking industry to change its culture.
Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States as it seeks to keep a lid on expenses amid a sustained slide in its securities unit.
Cash-strapped Chinese conglomerate HNA has stepped up efforts to restore confidence and bolster its balance sheet, announcing that it has further reduced its stake in German lender Deutsche Bank.
Again, there is no good news from Deutsche Bank. This time it's Donald Trump's fault, but that alone is not a good enough excuse. The bank needs to have a major revamp — and soon, says Henrik Böhme.
Germany's largest lender has said US President Donald Trump's recent tax reform has pushed Deutsche Bank into the red again after two previous disastrous years. But that's not the only trouble it has to deal with.
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