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Deutsche Bank posts Q2 loss of US$3.51b on restructuring costs

FRANKFURT: Deutsche Bank said on Wednesday the German lender posted a larger-than-forecast loss of 3.15 billion euros (US$3.51 billion) in the second quarter due to major restructuring costs.

What Deutsche bank employees are saying about the 18,000 global job cuts

HONG KONG: Whole teams within Deutsche Bank AG have been told their positions were gone, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.

Deutsche Bank board to meet to decide on job cuts

FRANKFURT: Deutsche Bank’s supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said.

Deutsche Bank plans 50 billion euro bad bank

FRANKFURT: Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said.

Deutsche Bank to set up 50b euro bad bank

FRANKFURT: Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday.

Deutsche Bank to set up 50 billion euro bad bank

LONDON: Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the Financial Times reported on Sunday.

Deutsche Bank and Commerzbank end merger talks

Decision raises questions on what’s next for struggling Deutsche Bank

CIMB FY18 net profit rises 24.7% to RM5.58b

KUALA LUMPUR: CIMB Group Holdings Bhd posted net earnings of RM5.58bil in the financial year ended Dec 31, 2018, a 24.77% increase over the previous year, aided by lower provisions and costs.

Greek banks inch toward bad-loan relief with complicated plans

LONDON: Greek authorities are moving forward with two different plans to save their banks from a downward spiral. Some would-be investors think they’re too clever by half.

CIMB Q1 net profit climbs on lower operating expenses, lower provisions

KUALA LUMPUR: CIMB Group Holdings Bhd posted higher net profit in the first quarter ended March 31, 2018 on lower operating expenses and a decline in loan loss provisions.