Financial Services
Germans lose faith in Deutsche
ANDREA THOMAS and BERTRAND BENOITMore than 140 years old, the lender has turned from an object of pride into what critics on both sides of Germany’s political spectrum now openly deride.
Deutsche Bank shares rebound
The bank is close to a deal with US officials to pay less to settle charges, a source said, sending its shares soaring.
CBA offers $11m advice compo
Michael RoddanCommBank has begun to address more than 90 per cent of claims by victims of poor financial advice.
Ord Minnett’s profit jumps 16pc
Michael BennetOrd Minnett has enjoyed a 16 per cent jump in profit on stronger income, cheering the broking industry.
CBA argues no systemic failings
RICHARD GLUYASIan Narev will tell a parliamentary committee that CBA is close to a resolution of two major customer issues.
Deutsche hits European shares
As Deutsche Bank sank to an all-time low in early trade, banks led European indices downwards.
What’s been achieved post-GFC?
John DurieDeutsche’s dilemma demands questions about what global regulators have done to prevent bank bailouts.
CEO’s share sale ‘suspicious’
James DeanThe boss of Wells Fargo has been accused of selling $US13m in bank shares when he learned a scandal was about to erupt.
Lehman ghost haunts Deutsche
James MackintoshThe parallels between Deutsche Bank and the failed Lehman Brothers are obvious, but also deeply misleading.
World risks new banking crisis
Robert GottliebsenJitters over Deutsche Bank could easily turn next week’s grilling of Australian bank CEOs into a global event.
Funds pull cash from Deutsche
Some hedge funds have reportedly withdrawn money from the German lender, sending its shares tumbling.
US banker ‘should be ashamed’
Emily GlazerWells Fargo boss John Stumpf struggled to mount a defence to politicians’ questions over sham accounts.
Bendigo buys $1.4bn WA home loans
Michael RoddanBendigo and Adelaide Bank has acquired a $1.4 billion loan portfolio from Western Australia’s housing scheme Keystart.
Ex-Deutsche trader banned
A former Deutsche Bank foreign exchange trader has been banned from the industry for making false trades.
Brokers reject data leaks claim
Michael BennetInvestment banks have slammed claims by Liquidnet that ‘information leakage’ was increasing stock price volatility.
France lures British fintechs
Adam SageFrance has moved to lure London’s financial technology companies to Paris in the aftermath of the Brexit vote.
APRA bows to bank demands
Michael BennetThe big banks have enjoyed a win after the regulator agreed to revise a component of incoming global funding rules.
CBA rolls back deposit rates
Michael BennetCBA has quietly unwound a handful of term deposit rates put in place when it held back half the rates cut by the RBA.
Commerzbank to cut 9,600 jobs
Germany’s second-largest lender is targetting savings of $9.52bn per year as it ramps up restructuring plans.
Deutsche could prompt chaos
Oliver KammDeutsche is a single institution. But its problems have emerged against poor global economic conditions.
