The bank has tightened its Fossil Fuels Policy, giving it a new framework for business activities involving oil, gas and coal worldwide Coal power: by the end of 2020, the bank will review all its existing business activities in Europe and the US with regard to clients’ diversification plans; review in Asia to begin in 2022 Oil and gas: effective immediately, the bank will no longer finance any new projects in the Arctic region or oil sand projects. By the end of 2020, the bank will review all its existing business activities in the oil and gas sector The bank has signed the Equator Principles for assessing environmental and social risk

The bank has tightened its Fossil Fuels Policy, giving it a new framework for business activities involving oil, gas and coal worldwide Coal power: by the end of 2020, the bank will review all its existing business activities in Europe and the US with regard to clients’ diversification plans; review in Asia to begin in 2022 Oil and gas: effective immediately, the bank will no longer finance any new projects in the Arctic region or oil sand projects. By the end of 2020, the bank will review all its existing business activities in the oil and gas sector The bank has signed the Equator Principles for assessing environmental and social risk

Deutsche Bank today announced that it will enable global fintech unicorn Airwallex to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong respectively.

Already live in Japan, the solution will further allow Airwallex to seamlessly process and convert cross-border payments made to its merchants based in Greater China by using virtual accounts and API technology. Through these services, merchants using Airwallex will benefit from not needing to open bank accounts in the markets where their customers are based, thereby simplifying the entire payment process.

Founded in 2015 and headquartered in Hong Kong, Airwallex is a technology company that is transforming the way businesses move and manage money across borders through a financial infrastructure designed to help its customers grow in their own markets and in all corners of the globe. Its existing customers span across industries such as digital, e-commerce,...

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Seventy-two percent of the surface of our planet is covered in water, which accounts for an amazing 95 percent of the biosphere and is an essential source of food for almost three billion people. Oceans are worth 24 trillion US dollars and have an annual GDP of 2.5 trillion US dollars – equivalent to the economic output of India. However, climate change, exploitation and pollution pose a major threat not only to this value, but also to the global economy as a whole. We tend to put this down to the “tragedy of the commons” (careless use of non-exclusive rival goods). But it is also the fault of the laissez faire approach, as can be seen in the progressive degradation of ecosystems, particularly oceans.

 

Today, 30 percent of fish stocks are said to be over-fished, whilst 60 percent are fished to their maximum threshold; half of all coral has died. If the sea level (which has risen by 20 centimetres since 1990) and the water temperature (up 0.6 degrees...

Even as Asian countries appear to be the first to escape the economic ravages of coronavirus, activity is still below normal.

But money supply growth is a notable exception. Growth in the M2 measure of money supply—that’s all cash in circulation plus savings instruments like money-market funds—is nearly 2 standard deviations above the five-year average, according to Deutsche Bank strategists Mallika Sachdeva and Bryant Xu.

While the US and China have agreed not to escalate the trade war in a ‘phase one’ deal signed in January 2020,1 tariffs on each other’s goods remain in place. But to what extent are the Association of Southeast Asian Nations (ASEAN) countries caught up in the trade war crossfire?

Tariffs imposed on China by the US have undoubtedly affected the bilateral relationship between the two countries. The UN estimates that in the first half of 2019, US tariffs caused a 25% drop in exports from China to the US – an equivalent value of around US$35bn to the Chinese economy.2 Despite the recent de-escalation of tensions, China’s economy has slowed to its lowest sidelevel of growth in 26 years, with 2019 growth at a mere 6.1%.3

There are many reasons for this, but the material point for ASEAN countries is this: China is its second major export partner after the US, with a value worth more than US$280bn to the region. So how does China’s slowing growth on the one...

Deutsche Bank’s partnership with Swades Foundation, now in its fourth year, has impacted the lives of 43,500 people in the Raigad district of Maharashtra so far and has involved the bank’s employees volunteering over 2,500 hours since April 2018.

Through it’s ‘In the Community’ programme, Deutsche Bank has worked with Swades Foundation to touch the lives of over 10,000 rural families, providing sustainable access to clean water in homes as well as in the fields to promote agri-based livelihoods.

Greater access to potable water alone has improved the standard of living of over 1,000 families in the district and the more judicious use of the resource has brought over 1,200 acres of additional farmland under irrigation, allowing for greater crop rotation.

Deutsche Bank and Swades Foundation has announced an initiative by which 40,000 fruit-bearing trees will be planted in the Raigad district of Maharashtra, impacting the lives of over 4,000...

The new global language for financial commuications is very much a work in progress. In this article written for The AsIan Banker, Nancy So assesses how banks across the region measure up.

Frankfurt am Main, July 21, 2020, 13:29 CET – Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) estimates its Common Equity Tier 1 (CET1) ratio as of June 30, 2020, to be approximately 13.3% compared to 12.8% at March 31, 2020. This is above market expectations and prior management guidance.

The increase in the CET1 ratio in the second quarter is principally driven by lower than anticipated credit risk weighted assets (RWAs). The lower RWAs reflect lower loan balances driven by higher than expected repayments of credit facilities by clients, notably in the later part of the quarter, and a reduction of derivative volumes. The client facilities were initially drawn in reaction to the COVID-19 pandemic economic challenges and subsequently repaid or refinanced.

Deutsche Bank expects results for the second quarter of 2020 to be slightly above average consensus estimates as compiled by the company on July 21, 2020. Full details of Deutsche Bank’s second quarter...

Deutsche Bank today announced the onboarding of a new digital employee, named Blue Bot ‘Yi’ within its Corporate Bank division in China.

Undertaking a client-facing role, the new employee is responsible for handling financial reports including real-time customized transaction reports and cash pooling reports, and for processing direct client enquiries, which has already been successfully done for two of Deutsche Bank’s clients in China.

Named after its creator Zhu Yi, Head of China Innovation and Fintech Products – Corporate Bank, Blue Bot ‘Yi’ is the Corporate Bank’s first digital employee with a client-facing role. It has been allocated an employee number and has a dedicated working email address.

Developed within Deutsche Bank’s Blue Water Fintech Space in Shanghai, Blue Bot ‘Yi’ performs its duties based on robotic process automation (RPA) combined with semantic recognition and AI technology to automatically complete the collection and distribution...

Deutsche Bank wants sustainability to be an important part of portfolio construction, investment strategy, according to APAC ESG head Asia-Pacific companies can use ESG to establish themselves as ‘global citizens’, Kamran Khan says