Monday May 20, 2024 | Last Update: May 20, 2024 EDT
Deutsche Bank AG revealed during an extraordinary meeting in Frankfurt that the Supervisory Board of the company decided to restructure the bank’s business division and reorganize the executive committee and senior management, according to a press release issued by Deutsche Bank. The bank’s restructuring and reorganization will enable it to meet client demands and requirements of supervisory authorities.
Read more >>
Several people familiar with the matter said that Deutsche Bank is considering the possibility of selling its insurance unit Abbey Life, according to a report from Bloomberg. The possible sale is part of the company’s plan to restructure itself and restore the company back to profitability.
The U.S. Department of Justice (DOJ) is said to have been probing Deutsche Bank AG for trades worth billions of dollars in behalf of Russian clients, people with knowledge of the situation told Bloomberg.
Just In
Most Read
1
2
3
4
5
