Deutsche Bank Ag Stock News

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The development comes a day after its chief financial officer said it wasn''t "practical" to shutter the unit.

Deutsche Bank released a statement Friday saying they are “winding down” operations in Russia following criticism of their previous stance to stay in the country.

Deutsche Bank reversed course and is now joining Wall Street banks Goldman Sachs Group and JPMorgan Chase in pulling back from business in Russia following the country’s invasion of Ukraine.

Check here for the latest news on how the conflict is affecting markets, businesses and the economy

Read more about Deutsche Bank to wind down in Russia, reversing course after backlash on Devdiscourse

Germany-based Deutsche Bank (DB) has stopped conducting new business in Russia amid the country''s invasion of Ukraine, Bloomberg reported Friday. “Like some international peers and in…

Deutsche Bank AG said Friday it will not take on any new business in Russia. "Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations," the bank said in a prepared statement. The bank also said it has already "substantially reduced" its Russian exposure since 2014. "As we have repeatedly said, we condemn the Russian invasion of Ukraine in the strongest possible terms and support the German government and its allies in defending our democracy and freedom." Deutsche Bank''s action comes a day after similar announcements from Goldman Sachs Group Inc. and JPMorgan Chase & Co. . The statement by Deutsche Bank comes a day after the bank''s CFO James von Moltke told CNBC it did not plan to close its Russian business. Shares of Deutsche Bank fell 3.1% on Friday, compared to a loss of 0.6% by the S&P 500. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Deutsche Bank AG undefined said Friday it will not take on any new business in Russia. "Like some international peers and in line with our legal and…

Deutsche Bank AG (NYSE:DB) is under fire over the German giant’s decision to stay in Russia amid economic sanctions on the country stemming from the invasion of Ukraine. Other banks such as Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM) have ceased operations. Backlash As reported by Reuters, Deutsche Bank has decided […]

Read more about Deutsche Bank to wind down Russia business on Devdiscourse

Deutsche Bank said in a statement on Friday that it is "winding down" its business in Russia and will not have any new business in the country as a result of Moscow''s attack on Ukraine. "We conde…

U.S. DOJ extends monitor of Deutsche Bank for late reporting of DWS allegations

In a significant reversal, Deutsche Bank announced Friday it is planning to shut down its business in Russia.

Deutsche disses Etsy.