Central Bank Digital Currencies (CBDC) could change all financial relationships, argues the latest Deutsche Bank Wealth Management CIO report.

CBDC can operate in several forms, but in most cases involve making transactions (between individuals, or government to individuals) directly through central bank accounts. The benefits from CBDC could include:

Central Bank Digital Currencies (CBDC) could change all financial relationships, argues the latest Deutsche Bank Wealth Management CIO report.

CBDC can operate in several forms, but in most cases involve making transactions (between individuals, or government to individuals) directly through central bank accounts. The benefits from CBDC could include:

Deutsche Bank (China) Co., Ltd today announced that it has provided a USD43 million Account Receivable Purchase facility to China National Technical Import & Export Corporation (‘CNTIC’) for the construction of a gas-fired power generation project in Myanmar.

Backed by China Export & Credit Insurance Corporation, the mid-tenor facility is supporting a 90 megawatt plant located in Myingyan township, in the Mandalay region. The power plant is developed and operated by Hong Kong-based VPower under a 5-year power purchase agreement with Electric Power Generation Enterprise (EPGE) of Myanmar.

Myanmar has been facing the challenges of electricity deficit due to its increasing demand and the underperformance of traditional hydropower generation caused by unfavorable weather conditions.

VPower is a leading owner and operator of distributed power stations in Myanmar, aiming at producing reliable and stable electricity to enhance the basic standard of...

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Deutsche Bank’s Investment Bank in Asia has topped UK trade publication Risk.Net’s Asia Risk awards this year with three house awards, winning the coveted titles Crisis Response of the Year, Market Maker of the Year and Deal of the Year.

Crisis Response of the Year

Describing the bank’s response to the Covid-19 crisis, Asia Risk Asia bureau chief Blake Evans-Pritchard credited Deutsche Bank for “displaying a very high level of commitment to customers, being one of the few banks that was able to continue providing 24-hour liquidity on Asian products.”

Deutsche Bank’s APAC Chief Operating Officer for Investment and Corporate Banks Michael Connolly said: “We are extremely proud to win these awards which are testament to the resilience and stability of our bank’s platform and our ability to remain client-focused during unprecedented times. We rose to the challenge of Covid-19, providing continual market liquidity and innovation. It is terrific to be...

The coronavirus crisis may offer a grim preview of further marginalization for Americans of color in the coming decades, a new Deutsche Bank report concludes.

The big picture: "COVID is a picture of what the world might look like in the future as it gets more digitized," Apjit Walia, a technology strategist with Deutsche Bank, told Axios. His report finds that Black and Hispanic Americans are particularly vulnerable to being left behind as the workforce further digitizes and inequality rises.

By the numbers: 76% of Black people and 62% of Hispanic people in the U.S. could be shut out or underprepared for 86% of jobs in the country by 2045, according to the report. The pandemic has already offered a model for how that divide might play out.

Deutsche Bank has won a prestigious Euromoney award for “Best Bank Transformation” for the progress it has made in the strategic transformation it launched last year to become stronger, more efficient and better positioned for the future.

“It’s clear that Deutsche Bank has resisted the distractions in market conditions that might have grabbed all its attention in the past,” the editorial team of the leading industry publication wrote in announcing the award today. “Its transformation is still a work in progress, but its achievements so far deserve recognition.”

Deutsche Bank’s “compete to win” strategy, announced in July last year, was to refocus on its core strengths, to do so within its own, existing capital resources, and to become sustainably profitable. It aimed to become more stable, innovative, trustworthy, excellent – and relevant, to its clients, to its investors, and to society as a whole.

“Hard work pays off,” said Christian Sewing, Chief...

Deutsche Bank has joined forces with Atos, Google Cloud and TechQuartier to launch the second Female FinTech Competition.

FinTechs with a female founder or female(s) in the top management groups are invited to enter the competition to pitch their business case. First prize is a place on Atos’ FinTech programme. Other winners will have the opportunity to access and benefit from Deutsche Bank and Google Innovation resources, including spending time in Deutsche Bank’s Innovation Lab and working with experts and coaches in the global Innovation Team.

Gil Perez, Global Head of the Strategy & Innovation Network at Deutsche Bank, is on the panel of judges and will meet with all of the finalists. “The Female FinTech competition is not only a wonderful opportunity to showcase technology talent, it is also a way for Deutsche Bank to engage and support a community of female founders and help foster innovation,” said Perez.

Joining Perez on the judges panel are...

Since the outbreak of the COVID-19 pandemic the education system has been constantly changing. More than 90 percent of all students were not allowed to attend school, according to the UNESCO World Education Report 2020. And even now, many students still have to study online. These restrictions have impacted equal opportunities and high-quality education, especially for children from financially weaker and disadvantaged backgrounds. This year’s International Literacy Day 2020 on September 8 therefore focuses on “Literacy teaching and learning in the COVID-19 crisis and beyond”, especially on the role of educators and changing pedagogies.

“The pandemic further increases inequalities in the education system. We embrace the current dynamics and have developed digital enhancements to our programmes that will reach students, even if studying at home”, says Lareena Hilton, Global Head of Brand & Corporate Social Responsibility, Deutsche Bank.

Together with...

The 50 per cent gain in the 50-share benchmark Nifty since the end of March, coupled with a 22 per cent fall in earnings estimates of companies has led to a massive jump in the price-to-earning ratio of stocks, it said.

This has taken the valuations to a 10-year high, which"certainly rings a cautionary bell" for investors in the short term, it said in a report.

Markets have been rallying despite an unabated rise in COVID-19 infections, continuing restrictions on sectors like travel and shopping, uncertainties on the jobs front and border tensions with China.

"With liquidity driven markets largely ignoring fundamentals, it is important for investors to understand where valuations lie in the Indian equity markets," the report said....

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Trisha Taneja always wanted a career that contributed to building a more sustainable world. Her first stint in sustainability was in the non-profit sector, where she spent several years managing large programs in areas like global health and microfinance. When she decided to make the leap to the private sector because of her “firm belief that private capital can make a significant difference in accelerating the shift to a sustainable economy”, she first completed a Finance degree before joining Sustainalytics, an ESG rating agency.

As global head of green and sustainable bonds, Taneja was responsible for growing the issuer side of the business, new product development and commercializing ESG products for issuers.

Then Deutsche Bank came calling

“I’m quite entrepreneurial, and ESG is a fast-moving market, so the opportunity to grow the bank’s Sustainable Finance business further really appealed to me. It’s an exciting new venture,” said Taneja, whose...