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STX:DBK, Jan 29, 06:23 UTC

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Deutsche Bank delays raises to fixed pay after changing annual date for pay adjustments

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Deutsche Bank delays raises to fixed pay after changing annual date for pay adjustments. (Reuters) - Deutsche Bank AG (DBKGn.DE) has delayed raises to fixed pay compensation at the German bank by three months until after April 1, citing the need to further improve cost management, according to a memo seen by Reuters on Tuesday. "After thorough discussions, we on the Management Board have taken the decision that, from 2020, any fixed pay adjustments in connection with the annual review or promotion process will be effective April 1 (not retroactively effective as of January 1)," Christian Sewing, the bank's chief executive, wrote in the memo. The memo added that the bank will continue to review fixed pay at regular intervals and make adjustments as necessary.

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Former UBS and Deutsche Bank Execs Join Robertson Stephens Board

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SAN FRANCISCO, Jan. 28, 2020 /PRNewswire/ -- Robertson Stephens Wealth Management, LLC ("Robertson Stephens") has expanded its parent company board with the appointment of Carsten Kengeter, former Chairman and CEO of UBS Investment Bank, and Raj Bhattacharyya, former head of European and North American Capital Markets as well as Americas Foreign Exchange and Emerging Markets businesses for Deutsche Bank. For more information on Robertson Stephens, please visit https://rscapital.com/what-we-do/. Mr. Kengeter is currently chairman, partner and co-founder of Circuitus Capital, a London-based asset management firm specializing in infrastructure equity investments across Europe and Latin America. Mr. Kengeter said: "Robertson Stephens has made remarkable strides since its start in wealth management in 2018 and is positioned strongly to build on that momentum in 2020. I look forward to engaging actively with management on strategic direction and with the advisors to expand the business offering and harness the true value of their franchises for years to come." Mr. Bhattacharyya said: "The wealth management industry is undergoing significant change, and Robertson Stephens is poised to offer its advisors and clients a truly differentiated offering in this space. I look forward to adding my experience to help this great company." With the additions, the firm expands its parent company board to seven members. Aside from Mr. Bhandari, other members include Stuart Katz, CEO and Chief Investment Officer of Robertson Stephens, along with Long Arc Capital partners, Ranu Dayal, Kipp Nelson and Tobin Whamond.

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Monday, January 27


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Merkel's former deputy defends decision to join Deutsche Bank

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Sigmar Gabriel, Angela Merkel’s vice-chancellor during Germany’s previous coalition government has defended his decision to join the supervisory board of Deutsche Bank. Deutsche Bank shareholders will vote on his nomination at their meeting in May. Politicians from the right and left of the spectrum accused Gabriel of sending the “wrong signal” by joining the scandal-battered German lender, which is in the midst of a massive restructuring, which includes cutting about 18,000 jobs. In his interview with Bild, Gabriel posed the question of what jobs former politicians were actually allowed to do after they quit politics: “They shouldn't be getting early pensions, they shouldn't be lobbyists, and they shouldn't be going into business. What then?”.

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Deutsche Bank Probed Over Payments to Saudi Adviser: FT

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Deutsche Bank Probed Over Payments to Saudi Adviser: FT. 27 January 2020, 16:22 UTC. Jan.27 -- German prosecutors are investigating an alleged $1.1 million payment by two former Deutsche Bank AG employees. According to a report in the Financial Times, the payment was an attempt to secure the wealth management business of a senior Saudi royal. Bloomberg’s Sonali Basak reports on "Bloomberg Daybreak: Americas." What to read next.

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Friday, January 24


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Deutsche Bank Appoints Former German Foreign Minister to Board

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Sigmar Gabriel will join Deutsche Bank’s board having held senior positions in Germany’s government.Photo: Paul Zinken/Zuma Press. Mr. Gabriel, from the center-left Social Democratic Party that is a partner to Ms. Merkel’s conservative party in government, served as Germany’s foreign minister between 2017 and 2018, and as minister of economic affairs and environment before that. He was the country’s vice chancellor from 2013 to 2018.... FRANKFURT— Deutsche Bank AG said that it has picked Sigmar Gabriel, a former minister in German Chancellor Angela Merkel’s government, to join its board, after the appointment of another nominee fell through. Mr. Achleitner’s tenure as chairman, a term which started in 2012 and is due to expire in 2022, has coincided with a long period of poor performance, strategic uncertainty and management upheaval at the bank, raising questions about his own future.

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Deutsche Bank names prominent German politician to supervisory board

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SECTIONS. Home. Business. Markets. World. UK. Technology. Money. About Cookies On The Site. We use cookies to personalize and enhance your experience on our site. Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. By using our site, you agree to our use of cookies. Deutsche Bank names prominent German politician to supervisory board. Jan 24 (Reuters) - Deutsche Bank has named a prominent former German government minister, Sigmar Gabriel, to its supervisory board, the lender announced here on Friday. (Reporting by Tom Sims; editing by Thomas Seythal).

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Thursday, January 23


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Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of LIZHI INC.

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LIZHI INC. (NASDAQ: LIZI) operates a leading interactive audio entertainment platform for an online user generated content audio community. The Company is headquartered in Guangzhou, the People’s Republic of China.*. In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

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Deutsche Bank Doubles Down on India Shadow Lender Altico’s Debt

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Deutsche Bank Doubles Down on India Shadow Lender Altico’s Debt. (Bloomberg) -- Deutsche Bank AG and Broad Peak Investment Advisers Ltd. bought more debt of an embattled Indian shadow lender, highlighting growing foreign interest in the discounted assets of the financier at the center of an evolving credit crisis. Deutsche Bank has almost doubled the debt it holds of Altico Capital India Ltd. to 3 billion rupees ($42 million) in the last four months, while Singapore-based Broad Peak has acquired debt of about 1 billion rupees, people familiar with the matter said. The German lender is now a member of the steering committee of creditors driving Altico’s debt restructuring, the people said, asking not to be identified as the information isn’t public.

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Tuesday, January 21


Social Chatter

Deutsche Bank AG (STX:DBK) social chatter is higher than usual

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russian government bank deposited $500 million into deutsche bank subsidiary as it lent to trump #trumpdeutschebankloans

Tuesday, January 14


News

Alphabet price target boosted to 1735 at Deutsche Bank

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Alphabet price target boosted to $1,735 at Deutsche Bank. Deutsche Bank analyst Lloyd Walmsley came out increasingly bullish on Alphabet Inc.'s stcok [: googl] goog-0.37% raising his price target to $1,750, which is the second highest target listed on FactSet, below the $1,907.73 set by Elazar Advisors. The company is set to report holiday-quarter earnings on Feb. 3, and Walmsley expects that the company won't see any deceleration on a sequential basis in the quarter even though it faces slightly tougher comparisons. "The key medium term focal point this quarter will be any signs of a more shareholder friendly approach under the new leadership with Sundar Pichai taking over the Alphabet CEO job," he wrote.

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