David Bianco, among Wall Street’s most bullish stock forecasters when he was replaced last year at Bank of America Corp., was named chief U.S. equity strategist for Deutsche Bank AG.
Deutsche Bank AG designed a derivative for Banca Monte dei Paschi di Siena SpA at the height of the financial crisis that obscured losses at the world’s oldest lender before it sought a taxpayer bailout.
The U.S. Securities and Exchange Commission was sued by eight of R. Allen Stanford’s investors, who claim regulators’ “negligence and misconduct” caused their losses.
Deutsche Bank AG hired Barclays Plc’s Dan Voloshin to trade commercial-mortgage bonds as the bank builds up its team dedicated to buying and selling the debt.
"We believe this suit is without merit and we intend to defend ourselves."
- Amanda Williams on Dec 27, 2012