Deutsche Bank уволит 18 тыс. сотрудников, акции банка растут в цене – Online Traders
According to a mandatory announcement, 15 percent of Sewing’s net executive remuneration will be invested in Deutsche Bank shares on a monthly basis from September until the end of December 2022. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Deutsche Bank CEO Sewing to receive 15 pct of remuneration in shares
Achleitner bought the shares at 6.844 euros per share, according to the filing. Deutsche Bank supervisory board members receive part of their annual compensation in shares, but Friday’s purchase is not part of that. But after a string losses and scandals, Deutsche is going through one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.
The embattled German lender has struggled since the global financial crisis of 2008 and the subsequent debt crisis in the euro area. The bank has faced billion-dollar fines, increased market competition, a lower market share in both commercial and investment banking, as well as a series of management changes. FRANKFURT (Reuters) – Deutsche Bank Chairman Paul Achleitner on Friday bought nearly 1 million euros (915,717.35 pounds) in the bank’s shares, according to a regulatory filing. “One has to look very hard to find anything positive in Deutsche Bank’s results this quarter,” said Octavio Marenzi, CEO of capital markets management consultancy Opimas. Net revenues in investment banking fell 5% from a year ago.
Deutsche Bank’s investment business in London and New York were already hit by heavy staff cuts and German media reported that Deutsche Bank’s austerity measures could also lead to a reduction of the bank’s branch network in Germany. Deutsche is closing its global share-trading business and significantly cutting back investment banking operations, saying that the restructuring will cost €7.4bn.
Your organisation’s administrator(s) may view basic usage and profile data about your account and have the ability to set up myFT topic follows on your behalf. You already have an account on ft.com using this email address. Please login to your account. In July, the bank said it will axe 18,000 jobs as part of a major restructuring.
Deutsche Bank shares declined Wednesday in an otherwise listless European stock market which paused ahead of a critical European Central Bank decision. Shortly after presenting the plans for a major restructuring of Germany’s largest bank at the beginning of July, CEO Sewing said that brexit news he wanted to “set a good example” and announced to “invest a considerable part of my fixed salary over the next few years”. Until the end of the share remuneration program, the total stake of Deutsche Bank CEO Sewing would amount to approximately 850,000 euros (932,000 U.S. dollars).
Out of a planned 18,000 job cuts, Deutsche eliminated 1,500 in the third quarter, though the number of employees in its investment bank rose as an intake of new graduates offset staff cuts in equity trading. Credit Suisse on Wednesday reported a rise in third-quarter earnings buoyed by higher revenue in markets and international wealth management. Standard Chartered’s profits rose 16% helped by rising income from corporate and private banking clients. The bank’s shares fell nearly 9% late afternoon in Frankfurt and were heading for their biggest daily loss in almost three and a half years. The bank had flagged in July it would make a loss this year and announced restructuring plans worth $7.4 billion including the elimination of 18,000 jobs.
- The costs of that overhaul — €315 million in spending on “severance and transformation-related charges” — dragged on the bank’s third-quarter earnings.
- Shares of Deutsche Bank are down by about 16% from a year ago.
- Deutsche Bank supervisory board members receive part of their annual compensation in shares, but Friday’s purchase is not part of that.
- “One has to look very hard to find anything positive in Deutsche Bank’s results this quarter,” said Octavio Marenzi, CEO of capital markets management consultancy Opimas.
- Deutsche Bank shares have lost 33% over the last 12 months.
- The bank had flagged in July it would make a loss this year and announced restructuring plans worth $7.4 billion including the elimination of 18,000 jobs.
Earlier this year, Deutsche Bank announced a wide restructuring plan in an attempt to revive its business. At the time, Christian Sewing, CEO brexit news of Deutsche Bank, said the lender would be exiting its global equities business, scale back investment banking and slash thousands of jobs.
Deutsche Bank shares sink 8% after third-quarter loss
Earlier this year, Deutsche Bank announced a wide restructuring plan in an attempt to revive its business. Deutsche Bank’s asset management arm DWS said on Friday it now sees a 45% chance that Britain will not leave the European Union at all, as the prospects of a UK snap election, a second referendum or even revoking Brexit altogether have climbed this month. Deutsche Bank’s DWS asset management subsidiary is doing away with most titles as of next year, according to an internal memo on Tuesday. Chairman Paul Achleitner on Friday bought nearly a 1 million euros (£915,717.35) in the bank’s shares, according to a filing. Deutsche shares were down 1.2% at 1259 GMT, trading at 7.009 euros per share.
It had reported a net profit of 229 million euros in the third quarter of 2018, but a loss of 3.15 billion euros in the second quarter of this year. Deutsche Bank reported a net loss that missed market expectations on Wednesday as a major restructuring plan continues to weigh on the German lender. Deutsche Bank on Wednesday posted an brexit история 832 million euro ($924.35 million) loss in the third quarter due to costs for a major restructuring. Deutsche Bank on Friday appointed Claudio de Sanctis as global head of its wealth management business. The 992,380 euros in shares that Achleitner bought on Friday exceed his 2018 fixed salary from Deutsche Bank of 858,333 euros.
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Also in the past week, Deutsche Bank was joint Glo-Co on the 385 million euro offering of D shares for Akelius Residential Property AB, the first ever issuance of euro denominated D shares, a format combining the benefits of hybrid and common stock. In addition Deutsche Bank was брексит события joint Glo-Co on the 345 million US dollar re-IPO for JSE Halyk Bank of Kazakhstan, the largest re-IPO in the CIS region this year. Deutsche Bank has been mandated on 26 new ECM transactions since July, contributing to a solid pipeline of business for the rest of the year.
BERLIN, Sept. 2 (Xinhua) — Christian Sewing, head of Deutsche Bank, has stood by his word and is to receive part of his monthly income in shares of the German banking group over the next few years, the company announced on Monday. The costs of that overhaul — €315 million in spending on “severance and transformation-related charges” — dragged on the bank’s https://g-forex.net/chto-takoe-breksit-obzor-novostej/ third-quarter earnings. The shares tumbled 4.8%. Deutsche Bank has now priced 21 ECM transactions since repositioning its equities business. Deutsche Bank was joint bookrunner on the 5.75 billion US dollar Hong Kong IPO (including greenshoe) of AB Inbev’s Budweiser Brewing Co and financial advisor to Naspers on its 120 billion euro listing of Prosus.