German bank News

Moody`s move comes days after the German bank warned that volatile financial markets in the first quarter, normally a strong season for banks, posed a challenge for the entire sector.Moody`s said a potential downgrade to Deutsche Bank`s Baa1 senior debt and A2 deposit ratings would be limited to one notch.

Deutsche Bank co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.

The shock resignation of Deutsche Bank`s two chief executives may offer Germany`s biggest lender a fresh start but will not be a cure-all for its ills, observers said on Monday.

Deutsche Bank boosted the power of co-chief executive Anshu Jain in a management shakeup, but shareholders criticised the moves as insufficient and demanded more changes to restore confidence in the leadership of Germany`s largest bank.

Deutsche Bank has launched a review to decide whether to relocate some operations to Germany if Britain votes to leave the European Union in a planned referendum, a spokesman said on Tuesday.

Deutsche Bank said Sunday its profits fell around 50 percent year on year in the first quarter over legal costs from a rate-rigging case brought by US and British authorities.

Staff at German bank Postbank launched an indefinite strike Monday in eastern parts of the country, amid growing speculation parent company Deutsche Bank plans to sell off the subsidiary.

German banks could face substantial losses from a looming haircut on their loans to a bank in neighbouring Austria, but the losses will be manageable, rating agency Fitch said on Thursday.

Analysts polled by Factset had pencilled in a net profit for last year of 1.3 billion euros after the bank had posted 681 million euros in 2013.

Commerzbank, Germany`s second-biggest lender, announced Thursday that it will start charging large corporate customers and institutional investors to hold a high level of deposits on their accounts.

Germany`s second largest bank Commerzbank is under investigation in the United States for violating money-laundering rules, a source close to the case told AFP Tuesday.

Deutsche Bank placed 60 million shares at a price of 29.20 euros apiece with Paramount Holdings Services, the investment of the Qatari royal family.