The FINANCIAL -- Deutsche Bank (China) Co., Ltd. (Deutsche Bank China) today announced that it has received approval by the People's Bank of China (PBOC) to act as a qualified primary dealer for domestic open market businesses.…
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The FINANCIAL -- Deutsche Bank (China) Co., Ltd. (Deutsche Bank China) today announced that it has received approval by the People's Bank of China (PBOC) to act as a qualified primary dealer for domestic open market businesses.…
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The FINANCIAL -- Deutsche Bank and Mastercard are expanding their partnership to jointly develop innovations in the area of digital payments for business clients, thereby enabling companies to offer their products and services to new customer demographics, to develop digital business models and to expand sales channels in Germany and beyond according to Deutsche Bank.…
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The FINANCIAL — Deutsche Bank, through its Community Development Finance Group (CDFG), has committed 4.2 million dollars to Illumen Capital, a Black-owned and led fund that develops and incorporates strategies to reduce racial and gender bias in investment decisions. Illumen Capital recently closed 87.9 million dollars of commitments on its first fund, with Deutsche Bank playing…
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The FINANCIAL — Deutsche Bank has added to its global network of Cash Management locations with the establishment of a new business in Australia. The bank now operates cash management services in 35 locations globally, 14 of which are in Asia Pacific. Australia’s interim CEO Glenn Morgan says adding Australia to the bank’s global network…
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The FINANCIAL — Deutsche Bank today announced that it has established a supply chain financing solution for BASF China, supporting the company and its suppliers in China with world-class working capital capabilities. With this solution, BASF and its partners will benefit from more accessible risk mitigation and improved working capital flows, automated processes including reconciliation,…
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The FINANCIAL — Deutsche Bank is supporting India’s micro, small and medium enterprises (MSME) through the pandemic by extending over 12 billion Indian rupees (~138 million euros) of credit to more than 2,000 clients. The loans are part of the Government of India’s Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs, launched in May 2020,…
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The FINANCIAL — US LGBTQ and HIV-positive immigrant rights organisation “Immigration Equality” has awarded its first Safe Haven Corporate Award to Deutsche Bank, recognising the bank’s pro bono legal assistance in the fight for asylum for LGBTQ and HIV-positive immigrants facing persecution and brutality in their home countries. Since 2018, the bank has represented seven…
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The FINANCIAL — Deutsche Bank announced the appointment of Frank Krings as Chief Country Officer (CCO) France and General Manager of the Deutsche Bank AG Paris Branch. Krings is CEO of Deutsche Bank Group for Western Europe and currently Chairman of the Management Board of Deutsche Bank Luxembourg S.A. As CCO France, Krings will assume responsibility for…
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The FINANCIAL — Deutsche Bank today announced a number of changes in the supervisory and management bodies of its subsidiary Deutsche Bank Luxembourg S.A., the Management of Deutsche Bank AG Luxembourg branch and the Country Management for Luxembourg. These will take effect at the turn of the year. Frank Krings, CEO of Deutsche Bank Luxembourg…
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The FINANCIAL — After two months, 43 applications, six finalists and one virtual pitch: Nuggets has emerged as the winner of the 2020 Female FinTech Competition. The UK-based e-commerce payments and ID platform allows users to store their personal and payment details securely in the blockchain, so it is never shared online. According to Nuggets: “That…
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The FINANCIAL — Deutsche Bank has appointed Kalpana Seethepalli to its Asia Pacific ESG team. This hire follows the appointment of Kamran Khan as Head of ESG for Asia Pacific in May of this year. In a newly created role, Kalpana will lead the team’s work on results frameworks, measurement, monitoring, and sustainable finance taxonomies…
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The FINANCIAL — Deutsche Bank was named “Best International Trade Finance Bank” for the third year in a row, and “Best Global (EUR and USD) Clearing Bank” in Asia Pacific for the sixth consecutive year at The Asian Banker Transaction Finance Awards. These awards recognise the bank’s market-leading Trade Finance and Institutional Cash Management (ICM)…
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The FINANCIAL — Deutsche Bank helped the European Union (EU) break new records this week by leading its inaugural jumbo social bond. The 17 billion euro issuance, split between a 10 billion euro 10-year and a 7 billion euro 20-year tranche was the largest social bond ever. With an order book exceeding 233 billion euros,…
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The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a global benchmark USD 6 billion Sustainable Development Bond maturing on October 28, 2025. Very strong demand from global investors for the USD benchmark led to an orderbook of over USD 9 billion, with nearly 180 investor orders, anchored by…
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Deutsche Bank is revamping its operation for business clients – from self-employed small businessperson to medium-sized businesses: the products and services of its Deutsche Bank, Postbank and FYRST brands will be managed by a single unit called “Deutsche BizBanking”. The bank regards business clients as a strategic growth segment within the group. The bank aims…
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