Hilmar Kopper, who took Deutsche Bank AG into the league of global securities firms more than 20 years ago by buying investment bank Morgan Grenfell and hiring Merrill Lynch & Co. bankers, says electronic communication is driving a cultural shift in the industry lambasted for greed.
The departure of New York Times Co. Chief Executive Officer Janet Robinson last month leaves the company with a leadership vacuum amid falling revenue, profit squeezed by pension costs and pressure from family members to restore a dividend once worth more than $20 million a year.
Deutsche Bank AG, Europe’s biggest investment bank by revenue, barred multi-party chat rooms at its fixed-income and currency trading businesses as regulators continued punishing banks for alleged rate-rigging.
June 20 (Bloomberg) -- Michael Golden, president and chief executive officer of ShopRunner, talks about the company's business strategy and services for retailers. He speaks with Cory Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Deutsche Bank AG’s Christian Bittar, one of the firm’s best-paid traders, lost about 40 million euros ($53 million) in bonuses after he was fired for trying to rig interest rates, three people with knowledge of the move said.