Ronald Weichert News
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Mary Jo White, President Barack Obama’s choice to run the U.S. Securities and Exchange Commission, told lawmakers that her work for Wall Street firms won’t affect her ability to be a zealous advocate for investors.
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Deutsche Bank AG’s head of tax for continental Europe is among the suspects in Frankfurt prosecutors’ investigation of carbon-emission certificate trades, two people familiar with the matter said.
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Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after soured loans to the industry rose to a record.
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Deutsche Bank AG is considering reducing bonuses for investment bankers in Europe by as much as 20 percent on average for 2012, while bankers in New York will see smaller declines, said four people briefed on the matter.
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Deutsche Bank AG , Germany’s biggest bank, said it expects a fund started in the first quarter aimed at easing financing for small and mid-sized businesses in the country to make its first payments this year.
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Deutsche Bank AG will cut about 543 jobs by merging back office operations at its retail business in Germany, according to a person with knowledge of the matter.
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When Josef Ackermann called on lenders to help bail out Greece last month, the Deutsche Bank AG chief executive officer had already cut his potential losses from the crisis spreading to Italy and Spain.
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Goldman Sachs Group Inc. settled a lawsuit by a former vice president who claimed she was pushed onto the “mommy-track” and eventually fired after she chose to work part-time following her pregnancy.
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Deutsche Bank AG, Europe’s biggest bank by assets, changed rules on bonuses to allow the company to claw back stock awarded to its workers by former employers.
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German lenders’ claims on the Greek public sector declined 42 percent in the 12 months through February if loans from the federal government’s KfW Group development bank are excluded, according to Bundesbank data.
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