Tag: Deutsche Bank

Bank of China (UK) Limited joins LCH’s SwapClear
November 02, 2016 BY Valentina Kirilova

LCH to launch LCH SwapAgent, a centralised service for the non-cleared derivatives market

The global clearing house LCH has announced today that it will be launching a new service for the non-cleared derivatives market. LCH SwapAgent will benefit from LCH’s expertise in serving and managing risk for the cleared rates & FX derivatives market, providing market participants with a number of solutions designed to materially improve standardisation, efficiency…

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October 10, 2016 BY Valentina Kirilova

Deutsche Bank shares plunge after no deal reached with the U.S. Department of Justice

Deutsche Bank (DBKGn.DE) shares fell more than 3% early Monday after Chief Executive John Cryan failed to secure a speedy deal with the U.S. Department of Justice (DoJ) at the weekend over the misselling of mortgage-backed securities. Cryan was attending the International Monetary Fund and World Bank's autumn meetings in Washington, hoping that he might personally negotiate down…

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September 29, 2016 BY Valentina Kirilova

ASIC permanently bans former Deutsche Bank FX trader

ASIC has permanently banned former Deutsche Bank FX options and futures trader, Andrew Donaldson, of Sydney, from providing financial services. The banning follows an ASIC investigation into Mr Donaldson's conduct in 2013 and 2014 in entering a significant number of false entries into Deutsche Bank's records. By making these false entries, Mr Donaldson temporarily offset…

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September 09, 2016 BY Valentina Kirilova

BNP Paribas Investment Partners appoints Global Head of Sales

BNP Paribas Investment Partners announces the appointment of James D. Dilworth to the newly-created role of Global Head of Sales, to further the development of its global business. Until recently, Dilworth worked at Deutsche Bank as Chief Executive Officer Germany for Deutsche Asset & Wealth Management Investment and Global Head of Active Asset Management. Prior…

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August 24, 2016 BY Valentina Kirilova

Utility Settlement Coin concept on blockchain gathers pace

Bank of New York Mellon Corp (NYSE:BK), Deutsche Bank AG (USA) (NYSE:DB), ICAP plc (LON:IAP) and British bank Santander UK plc join UBS and Clearmatics to advance the Utility Settlement Coin concept, and plan tests in a real-market environment.  USC is a digital cash model aimed at facilitating payment and settlement for institutional financial markets.…

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July 27, 2016 BY Valentina Kirilova

Deutsche Bank to negotiate with DoJ over mortgage probe

Deutsche Bank had begun settlement talks with the US Department of Justice over its probe into the German bank’s origination and securitisation of mortgage-backed securities, as it posted a slump in second-quarter profits. John Cryan, chief executive, has made clear that he wants to resolve Deutsche Bank’s big outstanding legal cases quick. Deutsche Bank had…

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April 19, 2016 BY LeapRate Staff

Deutsche Bank head of global FX Ahmet Arinc reportedly on leave

Bloomberg is reporting that global head of FX at Deutsche Bank AG (USA) (NYSE:DB), Ahmet Arinc, is on leave from the company, citing people with knowledge of the situation. Deutsche Bank is the only one of the major global banks which has not yet reached a settlement deal with the US Department of Justice regarding allegations that…

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March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

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February 02, 2016 BY Mike Fox

Bosch chooses Deutsche Bank’s ERP solution for RMB payments in China

Deutsche Bank AG (ETR:DBK) today announced that it has implemented an electronic ERP integration solution for Bosch’s foreign currency and RMB cross-border payments in China. Deutsche Bank’s ERP integration solution enables Bosch to streamline its accounts payables processes in China introducing electronic processing of physical documents and the associated regulatory reporting. Headquartered in Germany, Bosch is a…

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