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Deutsche Bank hit with $258m transactions fine
06 November 2015 New York
Reporter: Stephanie Palmer

Deutsche Bank has been fined a total of $258 million for processing US-denominated transactions on behalf of countries and other entities subject to sanctions under US federal law...

Deutsche Bank cutting back for 2020
05 November 2015 Frankfurt
Reporter: Stephanie Palmer

Deutsche Bank intends to reduce its cost base by about €600 million by 2018, and to reduce its business division’s cost income ratio by about 10 percentage points...

Distribution ledger consortium gains traction
28 October 2015 New York
Reporter: Stephanie Palmer

UniCredit, Mizuho and Nordea have signed up to R3’s distributed ledger project, bringing the total number of participating banks to 25...

Deutsche Bank gifts hedge fund $6bn by mistake
21 October 2015 Frankfurt
Reporter: Drew Nicol

Deutsche Bank accidentally gave $6 billion to the wrong client, according to reports...

Barclays implements SWIFT onboarding tool
23 September 2015 Brussels
Reporter: Stephanie Palmer

Barclays Corporate has successfully implemented SWIFT’s MyStandards Readiness Portal solution for onboarding, and has used the platform to onboard Navigators Insurance using the platform...

EC selects Deutsche Bank for payments
18 September 2015 Frankfurt
Reporter: Stephanie Palmer

Deutsche Bank has been selected as one of the banks to provide payment services for the European Commission...

Another mandate for SWIFT’s MyStandards
18 September 2015 Frankfurt
Reporter: Stephanie Palmer

Deutsche Bank has signed up to SWIFT’s MyStandards Readiness Portal in a bid to simplify its onboarding process for technical clients...

HSBC appoints new head of securities services
15 September 2015 London
Reporter: Drew Nicol

HSBC Securities Services has appointed Rafael Moral Santiago as head of securities services in Europe...

Banks agree to four-way data agreement
15 September 2015 New York
Reporter: Drew Nicol

Four major banks have agreed to enhanced record-keeping protocols with the New York State Department of Financial Services when using the new Symphony Communications chat and messaging platform...

Indonesian mandate for Deutsche Bank
30 July 2015 Jakarta
Reporter: Stephanie Palmer

Deutsche Bank has been appointed as custodian bank for life, health and accident insurance provider PT Asuransi CIGNA, in Indonesia...

Chinese ADR mandate for Deutsche Bank
10 July 2015 Zhuji, China
Reporter: Stephanie Palmer

Deutsche Bank has been chosen to act as depository bank for the sponsored Level III ADR of the Hailiang Education Group...

Ned Sigel joins BNY Mellon
09 July 2015 New York
Reporter: Stephanie Palmer

Ned Siegel has left State Street after 22 years to join BNY Mellon as senior sales executive for the private equity and real estate fund services unit in the Americas...