Posts tagged "Anshu Jain"
UNITE HERE Calls on Nevada Gaming Regulators to Investigate Deutsche Bank Role in Station Casinos

UNITE HERE Calls on Nevada Gaming Regulators to Investigate Deutsche Bank Role in Station Casinos

UNITE HERE’s Culinary Workers Union Local 226 has called on Nevada gaming regulators to investigate and determine Deutsche Bank’s suitability to be a casino owner following a guilty plea to criminal wire fraud by a subsidiary of the bank, the bank’s admissions of misconduct and its agreements to pay $2.519 billion in penalties to U.S. and British authorities to settle charges of rigging global benchmark interest rates namely the London Interbank Offer Rate (Libor). {read more}
Can Deutsche Bank make Asset & Wealth Management Work?

Can Deutsche Bank make Asset & Wealth Management Work?

Deutsche Bank has said it will need to increase its Ultra High Net Worth clients by 50% by 2015 in order to meet the goal of doubling the unit’s 2011 profit level.[1]  However, this will be no small challenge for the bank.  Less than a year ago, Co-CEO Anshu Jain spoke plainly to Bloomberg:  “If you particularly look at the ultra-high net worth coverage model, the Swiss firms and Goldman Sachs, to name three of our competitors, do a far better job.”  Deutsche Bank ranks 8th in the world by AUM of global private banks, according to Scorpio Partnership Private Banking Benchmark 2013. {read more}
Deutsche Bank Year in Review: 2012

Deutsche Bank Year in Review: 2012

It has been a year of transition at Deutsche Bank. After ten years as CEO, Dr. Josef Ackermann handed the reins to the world’s largest bank by asset to Anshu Jain and Juergen Fitschen at the end of May. The new co-CEOs promise “culture change” and a campaign to rebuild public trust in Deutsche. But by the end of the year, it became clear that it would be difficult for the new leaders to “escape their past” as the bank slid into “a swamp of scandal” (in the words of Der Spiegel). {read more}
Should European Regulators Break Up Deutsche Bank?

Should European Regulators Break Up Deutsche Bank?

Recently, Sandy Weill, former Citigroup Chairman and CEO and long-time advocate of “universal banking,” stunned the U.S. financial world when he urged the break-up of “too-big-to-fail” banks in order to prevent future taxpayer-funded bank bailouts. It appears the same sea-change may be  emerging in Europe as regulators there consider structural reforms that could force Deutsche Bank and other large European banks to break up, or at least to create firewalls that could insulate their commercial banking operations from their comparatively higher leveraged investment banking units. {read more}