‘Pride returned to the organisation’: Deutsche Bank smashes expectations
The bank sees positive momentum, with net profit more than doubling year-on-year to its highest since 2007.
The bank sees positive momentum, with net profit more than doubling year-on-year to its highest since 2007.
Multi-year partnership with NVIDIA will see the development of new products to accelerate the bank’s migration to the Cloud.
Incremental investments in growth areas nearing €70 million over the next three years will be self-funded by re-allocation of resources, said DWS.
Watchdog has concerns that between 2005 and 2016 the banks exchanged commercially sensitive information and coordinated their EEA bonds pricing and trading strategies.
The hire comes following a dire Q3 for the bank, which has seen a multitude of recent departures from its global fixed income team.
Departing alumnus had served at SB Warburg for seventeen years, Deutsche Bank Securities for 16 years and BTIG for 10 years.
New dealer brings over two decades worth of experience in equity focused roles to AustralianSuper, having previously served at Liberum and Deutsche Bank.
The past week saw appointments from Deutsche Bank, Mizuho Americas, Redburn, Clear Street, Stifel Financial and Tradefeedr.
New co-head brings 20 years’ experience across FX and fixed income markets, having previously served at Credit Suisse and Bank of America Merrill Lynch.
Profit before tax for Q2 was up 33% year-on-year, while post-tax profit was up 46% to €1.2 billion.