(Bloomberg) — A former senior Deutsche Bank AG operations executive alleged in a lawsuit that he was illegally fired over a concocted racial bias complaint after he raised concerns that the bank was lying to US regulators. Noah Ramos filed suit Monday in New York state court. He claims that, shortly after he was made … Read more
FRANKFURT, March 28 (Reuters) – Deutsche Bank has extended CEO Christian Sewing’s contract, while its deputy and another top executive will depart as part of a management revamp, cementing the leadership team of Germany’s largest lender for the next phase of its turnaround. Here’s a timeline of the bank’s modern history: Deutsche Bank expands into … Read more
(Bloomberg) — Deutsche Bank AG is choosing to leave one of its Additional Tier 1 bonds outstanding, breaking with expectations for European banks to retire the debt at the first opportunity. The lender said it will not exercise a call option to redeem the $1.25 billion of 4.789% notes, according to a statement, citing its … Read more
(Bloomberg) — Deutsche Bank AG said Alison Harding-Jones will replace Mark Fedorcik as co-head of its investment bank as he retires from the German lender after a 30-year career. Fedorcik will “take on a new challenge in the corporate sector,” the Frankfurt-based company said in a statement on Tuesday. Harding-Jones will succeed him as head … Read more