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The news that Deutsche Bank AG (USA) (NYSE:DB) has fired current CEO John Cryan, replacing him with Co-deputy chief executive Christian Sewing, appears to have stemmed the bleeding in DB stock.
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.
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
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. Deutsche Bank was founded in 1870 in Berlin.
As Jim Reid, research strategist at Deutsche Bank, wrote in a note seen by Fortune this morning: "Markets were in a stressed mood ... yesterday, with renewed tariff threats from President Trump in ...
Salas is the judge presiding over the class-action lawsuit against Deutsche Bank (Karimi v. Deutsche Bank Aktiengesellschaft et al.), which alleges that Deutsche Bank had poor financial reporting practices and made misleading statements to securities investors, resulting from Deutsche Bank's desire to obscure its anti-money laundering ...
An industry source had told CNN the problem did not appear to be a bank-specific issue. Greg MacSweeney, a spokesperson for The Clearing House, said Friday the problem was caused by a “manual ...
The Gladbeck hostage crisis or Gladbeck hostage drama was a bank robbery and hostage-taking that took place in northwestern West Germany from 16 to 18 August 1988. Two men with prior criminal records – Hans-Jürgen Rösner and Dieter Degowski – robbed a branch of the Deutsche Bank in Gladbeck, North Rhine-Westphalia, taking two employees as hostages. [2]