Posts tagged "Jürgen Fitschen"
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}
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}
After Waugh, Who?

After Waugh, Who?

It has been more than five months since Deutsche Bank announced on February 27 that Seth Waugh is stepping down as CEO of Deutsche Bank Americas. In the meantime, a new management team led by co-CEOs Jürgen Fitschen has taken the reins at Deutsche, with the Management Board and Group Executive Committee filled with new regional heads (Europe ex Germany, Germany, UK, Asia-Pacific) — except for the Americas region. Why is the bank taking so long to find a successor to Waugh? {read more}
12 Questions for Deutsche Bank in 2012

12 Questions for Deutsche Bank in 2012

On February 2, 2012, Deutsche Bank CEO Josef Ackermann will discuss the bank’s preliminary results for FY 2011. Ackermann will leave the bank in 2012—a year in which the World Bank projects a recession in the EU, an anemic recovery in the US, and reduced growth in emerging markets.  Against the backdrop of a projected global economic slowdown, and in preparation for Dr. Ackermann’s comments, we have posed 12 questions that may continue to haunt Deutsche Bank in 2012. {read more}