Investment Banking MC

Investment Banking MC

Deutsche to Trim Investment Bank, Retail Operations

Posted by Anton Murray Consulting on . Posted in Investment Banking MC

German lender’s plans part of overhaul to boost profitability and capital adequacy

Eyk Henning

Deutsche Bank AG said it would scale back its investment-banking and retail operations, part of a long-awaited strategic overhaul designed to close the gap with rivals for profitability and capital adequacy.

Germany’s largest lender said Monday that it also would strengthen transaction banking, which provides products and services to corporations and financial institutions, as well as its asset- and wealth-management unit.

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Deutsche Bank hit with US$2.5bn in fines

Posted by Anton Murray Consulting on . Posted in Investment Banking MC

Authorities from the United Kingdom and the United States have issued Deutsche Bank a number of fines totalling US$2.5 billion for manipulating its interbank lending rates.

In a statement by the UK regulator, the Financial Conduct Authority (FCA) said Deutsche Bank had been found tampering with its LIBOR and EURIBOR (collectively known as IBOR) submissions across all major currencies between 2005 and 2010.

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KKR looks to strengthen Asian property team

Posted by Anton Murray Consulting on . Posted in Investment Banking MC

Sarah Thompson, Anthony MacDonald and Gretchen Friemann

Private equity giant KKR & Co is seeking to bolster its Asian property business by hiring a dealmaker to work under regional real estate head Bryan Southergill.

KKR has approached local property advisers about joining the firm, which is making a worldwide push into real estate and credit.

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