Deutsche Bank has agreed to pay $75 million to settle a class-action lawsuit filed by alleged sexual abuse victims of disgraced financier and convicted sex offender Jeffrey Epstein, lawyers have confirmed. The settlement resolves a class-action suit filed by two women, referred to as “Jane Doe” against the banks in November last year. New York federal judge Jed Rakoff…
Deutsche Bank to Pay $75 Million to Settle Lawsuit Bought by Victims of Jeffrey Epstein: Lawyers
May 18, 2023
admin
Business & MarketsCompaniesCrime & Public SafetyDeutsche BankHuman TraffickingJeffrey EpsteinUSUS News
0 Comment
Major Banks Could Be Liable for Jeffrey Epstein Sex Trafficking: Judge
Two major banks and a bank executive could be liable for Jeffrey Epstein’s sex trafficking, a judge has ruled. Plaintiffs have presented enough evidence that JPMorgan Chase, longtime JPMorgan executive Jes Staley, and Deutsche Bank could be liable for Epstein’s sex trafficking, U.S. District Judge Jed Rakoff said on May 1 as he rejected motions to dismiss…
Top Banks Could Be Liable for Jeffrey Epstein Sex Trafficking: Judge
Two banks and a bank executive could be liable for Jeffrey Epstein’s sex trafficking, a judge has ruled. Plaintiffs have presented enough evidence that JPMorgan Chase, longtime JPMorgan executive Jes Staley, and Deutsche Bank could be liable for Epstein’s sex trafficking, U.S. District Judge Jed Rakoff said on May 1 as he rejected motions to dismiss cases…
Deutsche Bank to Cut 800 Jobs After Strong 1st Quarter
April 27, 2023
admin
Business & MarketsCompaniesDeutsche Bankeconomic policieseconomyEuropeinflationInternationallayoffsMarketsrecessionresultsstocksWorld
0 Comment
FRANKFURT—Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The…
Analysts: Deutsche Bank Is Not the Next Credit Suisse
March 30, 2023
admin
bank failuresBusiness & MarketsCompaniesCredit SuisseDeutsche Bankeconomic policieseconomyEuropean banksEuropean Central Bank (ECB)germany inflationinflationInvestment
0 Comment
After the collapse of Switzerland’s second-largest bank, Credit Suisse, investors looking for the next bank failure fixed their eyes on Deutsche Bank, Germany’s largest bank. The tell-tale signs of blood in the water appear in a bank’s share price and the cost of its credit-default swaps (CDS). Equity investors last week sold off Deutsche Bank…
Deutsche Bank Shares Rebound as Stress on Banking Sector Eases
Deutsche Bank shares rebounded on March 27 after plummeting by as much as 16 percent on Friday, suggesting investors may be feeling slightly more optimistic about the current state of the European banking industry. Shares of Germany’s largest bank were up 6.3 percent as of 15:04 p.m. in Frankfurt, while other European banking stocks, including Commerzbank AG, Barclays…
The Fed’s Dilemma: Fight Inflation or Save Failing Banks
March 25, 2023
admin
bank failuresbanking crisisBusiness & MarketsCredit SuisseDeutsche Bankeconomic policieseconomyinflationMarketsmonetary policypersonal financestocksSVB Collapsethe fedUS
0 Comment
The Federal Reserve has painted itself into a corner with its fight against inflation, and some experts say it now has no coherent plan for how to get out of it. Having kept interest rates near zero for more than a decade and expanded its balance sheet to $9 trillion to stimulate the economy, the…
Deutsche Bank Shares Tank, Fueling Banking Crisis Fears
Deutsche Bank shares tumbled as much as 16 percent on Friday after the cost of insuring the financial institution’s debt against default risks increased to the highest levels in about four years. The company’s five-year credit default swaps (CDS), a type of default insurance for bondholders, surged above 220 basis points, up from 142 basis…
Major Banks See Federal Reserve Raising Interest Rates Beyond 5 Percent as Inflation ‘Refuses to Soften’
February 17, 2023
admin
Bank of AmericaBusiness & MarketsDeutsche Bankeconomic policieseconomyFederal Reserve PolicyGoldman Sachshigh inflationinflationU.S. interest rate hikesUS
0 Comment
Goldman Sachs, Deutsche Bank, the Bank of America (BofA), and other financial institutions are expecting the Federal Reserve to extend its interest-rate hikes as elevated inflation and strong employment maintain upward pressure on prices. BofA now expects a pause in interest rate hikes in July rather than earlier expectations of June. “Resurgent inflation and solid…
Women Accusing Jeffrey Epstein of Abuse Sue Deutsche Bank, JPMorgan Chase
November 24, 2022
admin
Business & MarketsCompaniesCrime and IncidentsDeutsche BankJeffrey EpsteinJP MorganJudiciaryUSUS News
0 Comment
Women who accused convicted pedophile Jeffrey Epstein of sexual abuse have filed two separate lawsuits against JPMorgan Chase & Co. and Deutsche Bank AG, alleging that the banks facilitated his sex trafficking operation by maintaining a financial relationship with Epstein and ignoring red flags. The two lawsuits, filed in federal court in New York on…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`