Deutsche Bank

Boasting, indiscreet & vulgar comments aren’t OK: Colin Fan

London-based investment banker Colin Fan has warned traders that making boastful, indiscreet and vulgar comments could have serious consequences for your career.

Mr. Fan, the joint boss of Deutsche Bank's 'casino' division, said that some traders' communications were falling short of established standards, making a dent in the bank's reputation.

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Amidst Basel III, Share Issue of Deutsche Bank Rises

The Friday morning saw dropping of the German banking titan Deutsche Bank, and because of the same, it is being feared that a huge new issue over the shares will be soon witnessed. This is because, the Deutsche Bank, for holding up its balance sheet, is thinking to raise €9 billion. With this, it also plans to augment its stake in Deutsche Postbank that is presently below 30%.

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G20 Plan May Lead to Uneven Playing Fields for Banks

The CEO of Deutsche Bank reported on Sunday that G20 plan with its sole aim to give elasticity to the countries in its capital system will lead to some problems in the future.

The G20 summit was held in Toronto, Canada and it can create irregular playing fields for the stockpiles and banks.

"If you don't have a coordinated approach to regulatory systems, then there's the risk of regulatory arbitrage", said Josef Ackermann to Reuters.

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Deutsche bank to spread cost of UK bonus tax worldwide

Deutsche Bank has plans to spread the cost of the UK bonus tax among all of its employees worldwide.

Deutsche Bank’s CEO Josef Ackermann said in an interview that the bank would not restrict the cost of the tax to the UK bankers only.

Speaking on the topic, Mr. Ackermann said, “If parts (of the cost of the tax) are paid out of the bonus pool, we would seek to globalise it.”

Mr. Ackermann also expressed unhappiness over government’s intervention in setting salaries at banks.

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Deutsche Bank Expects EUR10B Profit In 2011

Deutsche Bank, the biggest money lender in Germany, is expecting a huge profit of more than 10 billion euros on pretax profits for the year 2010. The reason for this seems to be the fact that the bank has been focusing increasingly on investment and corporate banking features and also the various businesses and asset management in the Asian countries.

The bank is confident that its profit would rise in spite of the raft of the new regulations of banking which has been formulated to avert another huge crisis in the financial market.

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