The Latest Breaking News from Deutsche

German bank becomes latest global lender to target staff in post-pandemic cost reductions

Deutsche said it plans to cut around 3,500 jobs over the next two years, "mainly in non-client-facing areas".

Traders at five banks found to have discussed British government bond trading between 2009 and 2013

New York (AFP) - Deutsche Bank will pay $75 million to settle litigation alleging the German lender financially benefited from supporting Jeffrey Epstein's sex trafficking scheme, according to a report Wednesday.

A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest Bancorp. The way these events have unfolded have created a new term in the vocabulary of finance:…

City comment: The £410 million takeover is intriguing. It’s also a relief.

Some jobs could be lost in the deal, but Deutsche said these losses are “not expected to be material”.

It was perhaps inevitable that, after the shock collapse of Credit Suisse, attention would switch to another European bank with “a patchy record”, said Lex in the FT. 

The seeds of a shock have been planted. The question is whether that will grow into a threat to bank stability and the broader economy