DB Gold Double Long ETN (DGP)
- Reuters
Deutsche Bank and union reach pay deal for Postbank employees
FRANKFURT (Reuters) -Deutsche Bank's management has reached a pay deal with unions for thousands of workers at its Postbank division, putting an end to months of wrangling, both parties said on Thursday. Deutsche recently disclosed it could be on the hook for up to 1.3 billion euros ($1.39 billion) in a long-running lawsuit filed by former Postbank shareholders claiming it underpaid for its purchase of Postbank during the financial crisis. Deutsche has also been grappling with customer service problems at Postbank, resulting in the bank's regulator overseeing a clean-up and cuts in bonuses for some of Deutsche's top managers.
- Bloomberg
Deutsche Bank Hires Goldman’s Bomar for Asset Management Deals
(Bloomberg) -- Deutsche Bank AG has hired Goldman Sachs Group Inc.’s Derek Bomar as a managing director to lead its coverage of asset managers in the Americas, according to a memo to staff seen by Bloomberg News. Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effec
- Fortune
Deutsche Bank staring down $1.4 billion fine as judge rules it might have underpaid for a 14-year-old acquisition by more than half
Germany’s biggest lender got a shock when a preliminary ruling suggested it could be on the hook for a massive fine.
