Michael Golden News
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Deutsche Bank AG said Thorsten Strauss, 44, will join Germany’s biggest bank March 1 and succeed Stefan Baron as global head of communications from June.
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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.
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New York Times Co., struggling with declining advertising sales, is in talks to sell its regional- newspaper unit to Halifax Media Holdings LLC.
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The California Public Employees’ Retirement System, the nation’s largest pension, is winding down a European fund managed by former U.S. Securities and Exchange Commission Chairman Richard Breeden after it lost $71.5 million.
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Deutsche Bank AG Chief Executive Officer Josef Ackermann is struggling to convince investors he will meet his pledge to double pretax profit by 2011, and planned banking regulations may make his task even harder.
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Anshu Jain, co-head of investment banking at Deutsche Bank AG, sold his stake in an Indian cricket team that is part of a lucrative league whose funding is being probed by the government.
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Deutsche Bank AG , Germany’s biggest bank, appointed 13 members to its executive committee overseeing the corporate finance business, according to an internal memo obtained by Bloomberg.
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Bank of New York Mellon Corp. and Deutsche Bank AG , two of the largest firms serving as trustees for mortgage bundling, have received information requests from two state attorneys general investigating the validity of paperwork related to the securities, the New York Times said.
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Deutsche Bank AG ’s Pablo Calderini , the head of equity proprietary trading, is leaving to join a hedge fund as Germany’s biggest bank winds down the business for buying and selling stocks with its own money.
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Deutsche Bank AG ’s head of global banking, Michael Cohrs , is expected to give up some of his leadership duties at the German bank "within a matter of weeks," the New York Post reported on its Web site, citing unidentified people.
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