December 5, 2020

Why the 1MDB scandal is set to get BIGGER STILL

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From Sarawakreport Investigating the deforestation of Sarawak, Borneo, and the dispossession of its people, journalist Clare Rewcastle Brown followed a trail of corruption that led her to the heart of Malaysian politics and to Prime Minister Najib Razak himself. Determined that the public should know the truth, she started a blog, which became Malaysia’s go-to […]

Vistra completes acquisition of corporate services business from Deutsche Bank in Cayman Islands

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Grand Cayman, Cayman Islands, 14 August 2018 – Vistra, a leading global corporate service provider, announced today that it has completed the acquisition of the Corporate Services business in Cayman Islands of Deutsche Bank’s Global Transaction Banking division. Following Vistra’s announcement of the deal in September 2017, the business in Cayman Islands will now be […]

‘Somebody needs their head examined if they think this is good for the American economy’: Businesses are sounding the alarm on Trump’s tariffs

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By Akin Oyedele  From Business Insider Manufacturers in Texas are the latest to warn about the adverse impact of US trade policy on their businesses. “I can’t believe the effect the tariff response has had on the metals trade,” a fabricated-metal producer said in a response edited for the Dallas Federal Reserve’s manufacturing survey. “Somebody […]

Butterfield closes acquisition of Deutsche Bank’s Global Trust Solutions arm

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By Verdict Staff From Verdict private Banker International The Bank of N.T. Butterfield & Son has wrapped up the acquisition of Deutsche Bank’s Global Trust Solutions (GTS) arm. The deal, whose terms were not disclosed, was first announced in October last year. The deal excludes the US trust operations and covers about 1,000 trust structures […]

Butterfield announces results for fourth quarter and calendar year 2017

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Highlights: • Today announced a major new acquisition of Deutsche Bank’s banking businesses in the Cayman Islands, Guernsey and Jersey. Transaction is anticipated to close before the end of 2018; • Board declared quarterly dividend of $0.38 per common share, a 19% increase; • Announced a share repurchase program of up to one million common […]

Deutsche Bank is looking at raising $8.5 billion

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By Matt Turner from Business Insider Deutsche Bank is looking at “conducting preparatory steps” for a potential $8.5 billion capital raise. Here’s the statement from the bank: “Deutsche Bank confirms that it is conducting preparatory steps for a potential capital raise of approximately EUR 8 billion and several potential strategic measures. These include retaining Postbank […]

Cayman Alternative Investment Summit at Kimpton Grand Cayman Feb 15-17

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Deutsche Bank is a sponsor of this year’s conference which provides a singular experience including a cutting-edge educational agenda, and a forum to discuss and debate issues facing the industry at this time. Working with Deutsche Bank you not only benefit from our market-leading insights into an ever-changing environment, but also from powerful infrastructure, innovative […]

‘An event of this magnitude could trigger an even greater global collapse than Lehman Brothers’

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By Michael Covel,  The Daily Reckoning From Business Insider The implosion of Bear Stearns was just the tip of the iceberg… At the time, the full extent of the damage to the housing market was unknown. No one had an accurate sense of how broken the banks really were. And no one had any idea […]

Here’s how Deutsche Bank could take down Germany

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By Harry S. Dent Jr., Economy & Markets From Business Insider The first bad news broke following the third quarter of 2015. Deutsche Bank reported a loss of $7 billion. The news just keeps coming with low or negative earnings thanks to bad loans in Germany and abroad. In my February 19, 2016 edition of […]

Deutsche Bank shares fall as CEO fails to resolve Justice Dept. $14B fine

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By Reuters From NBC Deutsche Bank shares fell more than 3 percent on Monday after Chief Executive John Cryan failed to secure a speedy deal with the U.S. Department of Justice over the weekend over the misselling of mortgage-backed securities. Cryan was attending the International Monetary Fund and World Bank’s autumn meetings in Washington, raising […]