Deutsche Bank AG is reducing its equities team in Latin America and considering closing that business in Chile as companies sell fewer shares and the firm reins in costs, two people with knowledge of the matter said.
The chief executive officer of Sharps Pixley Ltd., who has traded gold for 30 years, challenged a study that says the market’s price-setting mechanism is susceptible to manipulation, compromising the $19.6 trillion of the precious metal that trades annually.
Deutsche Bank AG hired Greg Kuppenheimer of Goldman Sachs Group Inc. as a managing director and co-head of equity structuring for North America, at least the third senior-level hire from its U.S. rival in two months.
Eric Ben-Artzi, a former quantitative risk analyst for Deutsche Bank AG, alleged that Europe’s biggest lender engaged in a multibillion-dollar securities violation. Deutsche Bank denied the allegation.
Argentina’s central bank is investigating the dismissal of a Deutsche Bank AG currency trader to determine whether it was linked to a warehouse fire that destroyed industry documents this week in Buenos Aires.