Tag: Deutsche Bank banking face

Written by marketingscoops

Deutsche Bank Ensnared by Billion-Dollar Malaysian Fund Scandal

A multi-billion-dollar fraud scandal perpetrated by an investment arm of the Malaysian government appears to have ensnared another major global financial institution — Deutsche Bank  (DB – Get Report) — which already is reeling from massive restructuring efforts. The Wall Street Journal reported on Thursday that the Justice Department is investigating whether the German lender violated […]

Written by marketingscoops

Deutsche Bank Faces A Smaller, Poorer Future

Deutsche Bank has issued its results for the second quarter of 2019. They make grim reading. The bank reported a headline loss of €3.1bn ($3.44bn), which it said was due to “charges relating to strategic transformation” of €3.4bn ($3.78bn). But both net income of £231m ($256.67m) and underlying profits of €441m ($490m) were significantly down […]