Dear Colleagues,
Exactly one year ago, we launched a far-reaching transformation of our bank, the likes of which we have not seen in two decades. It was and still is our goal to make Deutsche Bank sustainably profitable, competitive and once again more relevant for our clients and society as a whole. To achieve this we also need to further strengthen our controls and processes and always keep our integrity at the forefront of our minds.
Today serves as a reminder of how vigilant we must remain. It not only marks the anniversary of our "Compete to Win" strategy, but also our settlement just announced with the New York Department of Financial Services (DFS), resolving investigations into our controls and processes in the fight against financial crime.
The settlement covers three issues: Danske Bank, the Federal Bank of the Middle East and our former business relationship with Jeffrey Epstein. Onboarding the latter as a client in 2013 was a critical mistake...
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Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also enable co-innovation between the two companies to create the next generation of technology-based financial products for clients. Both parties have signed a Letter of Intent and plan to sign a multi-year contract within the next few months.
The partnership will enable Deutsche Bank to accelerate its cloud transition and build on the engineering capabilities of both companies. Together with Google Cloud, Deutsche Bank will transform its IT architecture and thus generate considerable value for its clients. The multi-year transformation and optimisation of the bank’s current systems will take place in a phased approach. Both parties are committed to compliance with...
Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also enable co-innovation between the two companies to create the next generation of technology-based financial products for clients. Both parties have signed a Letter of Intent and plan to sign a multi-year contract within the next few months.
The partnership will enable Deutsche Bank to accelerate its cloud transition and build on the engineering capabilities of both companies. Together with Google Cloud, Deutsche Bank will transform its IT architecture and thus generate considerable value for its clients. The multi-year transformation and optimisation of the bank’s current systems will take place in a phased approach. Both parties are committed to compliance with...
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Deutsche Bank is “changing rapidly for the better,” Chief Transformation Officer Fabrizio Campelli told Handelsblatt in an interview to mark one year since the bank announced its “compete to win” transformation strategy.
The bank is working in a “calm, consistent and controlled way” to become more profitable, improve shareholder returns and drive long-term growth, Campelli told the leading German business publication in an article published today. It has adapted to the coronavirus crisis and continued the momentum of the first quarter, when the core bank reported a 7 percent rise in revenues year-on-year and a ninth straight reduction in costs, he said.
“We are working very hard to ensure that Deutsche Bank will be sustainably profitable again in five years' time and even more attractive for clients and shareholders,” Campelli said. “If there are changes in our industry in the coming years, then another Deutsche Bank, a much more powerful one, will play an...
When you access this link, you are leaving the Deutsche Bank website. The information provided on any websites accessed through this link has been produced by independent providers and Deutsche Bank does not endorse or accept any responsibility for information provided on any such sites. Any opinions or recommendations expressed on such other websites are solely those of the independent providers and are not the opinions or recommendations of Deutsche Bank. The existence of a link from this Deutsche Bank page to any other such websites does not constitute a recommendation or other approval by Deutsche Bank of such websites or any provider thereof. With the following buttons, you accept or reject the above-mentioned information.
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When you access this link, you are leaving the Deutsche Bank website. The information provided on any websites accessed through this link has been produced by independent providers and Deutsche Bank does not endorse or accept any responsibility for information provided on any such sites. Any opinions or recommendations expressed on such other websites are solely those of the independent providers and are not the opinions or recommendations of Deutsche Bank. The existence of a link from this Deutsche Bank page to any other such websites does not constitute a recommendation or other approval by Deutsche Bank of such websites or any provider thereof. With the following buttons, you accept or reject the above-mentioned information.
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Deutsche Bank’s Corporate Bank today announced that it has provided a USD 25 million sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to USD 75 million, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation (“Halcyon”), to finance the company’s capex investments for its rubber plantations in Cameroon and Malaysia.
The proceeds of the loan will be used for the maintenance of Halcyon’s rubber plantations while promoting its Cameroon Outgrower Programme, which aims to provide additional food security and boost the income of 13,000 local smallholder farmers. The Borrower group will be required to comply with the mutually agreed sustainability framework (“the Framework”) developed by Environmental Resources Management (Singapore) Pte Ltd (“ERM”), throughout the life of the loan. Compliance will be assessed and/or verified by ERM appointed by Deutsche Bank AG, Singapore Branch as consultant on the...
When you access this link, you are leaving the Deutsche Bank website. The information provided on any websites accessed through this link has been produced by independent providers and Deutsche Bank does not endorse or accept any responsibility for information provided on any such sites. Any opinions or recommendations expressed on such other websites are solely those of the independent providers and are not the opinions or recommendations of Deutsche Bank. The existence of a link from this Deutsche Bank page to any other such websites does not constitute a recommendation or other approval by Deutsche Bank of such websites or any provider thereof. With the following buttons, you accept or reject the above-mentioned information.
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Today Deutsche Bank signed the climate commitment of the German financial sector. By doing so, we pledge to align our credit and investment portfolios with the goals of the Paris Agreement.
“Banks play a crucial role in the fight against climate change. Because it is up to us to provide the funds for the transformation of the global economy through financing and investment products. We accept this challenge,” said Christian Sewing explaining the decision.
This initiative, launched by several banks, aims to contribute to climate protection and to support the sustainable, future-oriented development of the economy. This brings the German financial sector closer to the goal set by the German Federal Government at the beginning of 2019 of making Germany one of the leading locations for sustainable finance.
In future, the companies involved will disclose which emissions are associated with their credit and investment portfolios. In addition, they undertake to...
Deutsche Bank’s Corporate Bank today announced that it has provided a USD 25 million sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to USD 75 million, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation (“Halcyon”), to finance the company’s capex investments for its rubber plantations in Cameroon and Malaysia.
The proceeds of the loan will be used for the maintenance of Halcyon’s rubber plantations while promoting its Cameroon Outgrower Programme, which aims to provide additional food security and boost the income of 13,000 local smallholder farmers. The Borrower group will be required to comply with the mutually agreed sustainability framework (“the Framework”) developed by Environmental Resources Management (Singapore) Pte Ltd (“ERM”), throughout the life of the loan. Compliance will be assessed and/or verified by ERM appointed by Deutsche Bank AG, Singapore Branch as consultant on the...
Deutsche Bank’s Corporate Bank today announced that it has provided a USD 25 million sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to USD 75 million, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation (“Halcyon”), to finance the company’s capex investments for its rubber plantations in Cameroon and Malaysia.
The proceeds of the loan will be used for the maintenance of Halcyon’s rubber plantations while promoting its Cameroon Outgrower Programme, which aims to provide additional food security and boost the income of 13,000 local smallholder farmers. The Borrower group will be required to comply with the mutually agreed sustainability framework (“the Framework”) developed by Environmental Resources Management (Singapore) Pte Ltd (“ERM”), throughout the life of the loan. Compliance will be assessed and/or verified by ERM appointed by Deutsche Bank AG, Singapore Branch as consultant on the...
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When you access this link, you are leaving the Deutsche Bank website. The information provided on any websites accessed through this link has been produced by independent providers and Deutsche Bank does not endorse or accept any responsibility for information provided on any such sites. Any opinions or recommendations expressed on such other websites are solely those of the independent providers and are not the opinions or recommendations of Deutsche Bank. The existence of a link from this Deutsche Bank page to any other such websites does not constitute a recommendation or other approval by Deutsche Bank of such websites or any provider thereof. With the following buttons, you accept or reject the above-mentioned information.
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