Deutsche Bank Ag Stock News

"There won't be any new business in Russia," the investment banking heavyweight said in a statement.

The stock market looked poised to rebound from recent losses.

Deutsche Bank has said it will wind down its Russia operations, in a major U-turn that sent shares higher Monday.

Deutsche Bank, which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country. Deutsche joins the ranks of Goldman Sachs and JPMorgan Chase, which were the first major U.S. banks to exit after Moscow''s invasion of Ukraine. Deutsche had resisted pressure to sever ties, arguing that it needed to support multinational firms doing business in Russia.

Deutsche Bank to wind down in Russia, reversing course after backlash

The post Deutsche Bank to Exit Russia, Says There Will Be No New Business There – Coinotizia appeared on BitcoinEthereumNews.com . Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since…

Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault

Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine.

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Deutsche Bank has reversed its decision to stay in Russia, announcing that it will pull out of the country. It joins Goldman Sachs and JPMorgan, which announced they would pull out of Russia earlier this week. The UK and the United states are both banning imports of Russian oil. Pressure is mounting for Coca-Cola and …

Deutsche Bank''s reversal comes after CEO Christian Sewing reportedly told staff in a memo that withdrawing from Russia would "go against our values."

Deutsche Bank's reversal comes after CEO Christian Sewing reportedly told staff in a memo that withdrawing from Russia would "go against our values."

In today’s edition of Daily Compliance News: 1. Deutsche Bank monitorship extended. (WSJ) 2. Judge wanted to know who at First Energy paid bribes. (News-Herald) 3. Secret deal between Google and FB. (NYT) 4. Musk lawyer said $420 tweet truthful. (Bloomberg)… By: Thomas Fox - Compliance Evangelist

Germany''s biggest lender Deutsche Bank said Friday it was following other international companies in shutting down its operations in Russia in protest of Moscow''s invasion of Ukraine.

Deutsche joins the ranks of Goldman Sachs and JPMorgan Chase, which were the first major US banks to exit after Moscow''s invasion of Ukraine.