Newsmakers
NYC Pension Funds Call for Greenhouse Gas Disclosure From 4 Major Banks
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
Tag: Deutsche Bank
Newsmakers
Deutsche Bank Completes Global CIO Team
Appointment of CIO for Middle East, Africa and Europe, excluding Germany, rounds out six-member team.
Risk
So When Will This Recession Arrive, Anyway?
A lot of the Wall Street commentariat doesn’t believe we’ll get the much-feared downturn.
Risk
Wall Street Expects a Slowdown, Not a Recession, But …
The one skunk at the picnic is pessimistic Deutsche Bank, which sees trouble ahead.
Finally, the Move Out of Scandal-Tainted LIBOR Is at Hand
Why the prolonged wait for a transition to a new and less-corruptible credit benchmark?
Newsmakers
Institutional Investors Launch ‘ESG Book’ to Standardize Sustainable Data
Their goal is to make sustainability data more widely available and comparable.
Asset Allocation
Why Wall Street Is Eyeing a Correction Coming Soon
Numerous strategists think things are getting dicey as we enter stocks’ lousiest month historically.
Manager Selection
Maryland State Pension Receives $405,000 in LIBOR Restitution from UBS
The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis.
Newsmakers
Deutsche Bank’s Radical Overhaul: Job Cuts, Focus on Investment
CEO Christian Ewing blames low returns, high costs for ‘deep cuts.’
SEC Settles Charges Against 79 Advisers
Violators agree to return more than $125 million to clients.
Market Moves
ECB Won’t Hike Rates Until Late 2020, Deutsche Bank Says
Eurozone rates on hold for now, after central bank ends bond-buying program.
Newsmakers
Deutsche Bank Raided in Money-Laundering Scandal
Two unnamed suspects, clients funneled more than $350 million in unreported cash through shell companies in the British Virgin Islands.
Deutsche Bank Names New CFO
Citigroup’s von Moltke to join the firm in July, and lead intensive cost-cutting efforts.