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CBE to cut interest rate in March: Deutsche Bank

The Central Bank of Egypt (CBE) will cut interest rates next March, Deutsche Bank said in a research note. The bank also forecasts that the CBE is inclined to cut interest rates by 100 basis points next March, Enterprise reported. Deutsche Bank also expects that the CBE will keep interest rates unchanged in the first …

Nihal Samir

Deutsche Bank, BNP Paribas, Intesa Sanpaolo, Standard Chartered to arrange issuance of eurobonds this FY: El-Garhy 

Minister of Finance Amr El-Garhy announced, in a press statement on Monday, that four European banks were selected to promote and arrange the issuance of euro-dominated bonds this fiscal year (FY), adding that these banks are Deutsche Bank, BNP Paribas, Intesa Sanpaolo, and Standard Chartered. These banks are to issue euro-denominated bonds worth between €1bn …

Nihal Samir

Deutsche settles another of its myriad lawsuits

Germany’s biggest lender, Deutsche Bank, has agreed to pay a fine of close to a hundred million dollars to settle a fraud case in connection with the bank’s use of a US shell company to avoid paying taxes.Preet Bharara, the US attorney for the Southern District of New York, announced Wednesday that Deutsche Bank had admitted to its actions designed to avoid taxes and agreed to pay $95 million (89.8 million euros) to the United States to account for this conduct.

Deutsche Welle

Soros in huge bet against Deutsche Bank

Bank shares have been hit hard since the UK’s Brexit referendum. Two hedge funds homed in on Germany’s Deutsche Bank – betting huge sums of money on the large lender’s stock price dropping further.

Deutsche Welle

Deutsche Bank faces angry shareholders

Germany’s biggest lender has told its shareholders gathered for an annual meeting it’s not quite back to growth yet, but on its way. The bank’s investors, however, are angry about scandals and losses.

Deutsche Welle