Tag: Deutsche Bank

Deutsche Bank’s DWS faces $25m penalty for AML, ESG failures

DWS Investment Management Americas has been charged by the SEC in two separate enforcement actions leading to a settlement $25m.

German FinTech Solaris in tight spot getting funding

Solaris, a prominent figure in the German FinTech sector, is experiencing hurdles as it tries to garner the necessary funding, casting shadows over its capability to fulfil a pivotal credit card agreement for ADAC, Europe’s leading motorists association. This situation hints at emerging challenges in the European FinTech domain.

Deutsche Bank and EIB launch €400m initiative targeting SMEs

Deutsche Bank and the European Investment Bank (EIB) have announced the launch of a new €400m collaboration, aimed at supporting sustainable transformations at medium-sized companies.

Regulatory penalties for global financial institutions see sharp decline in H1...

Regulatory fines slapped on global financial institutions saw a staggering 88% dip in H1 2023 compared to the same period last year. This significant decline was unveiled in a report from Fenergo, the top-tier provider of digital solutions in client lifecycle management (CLM).

JPMorgan’s Chase set to disrupt European online banking landscape

JPMorgan (JPM.N) is set to broaden its horizons by introducing its online bank, Chase, to Germany and other countries within the European Union.

Deutsche Bank faces $186m penalty over AML failures

Deutsche Bank has been hit with a fine of $186m by the Federal Reserve Board due to deficient AML practices and other violations.

CMA exposes potential anti-competitive activity in UK’s bond market by top-tier...

The CMA has issued provisional findings indicating potential collusion among five significant banks on the trading of UK government bonds. 

MPOWER Financing secures $150m facility with Goldman Sachs

MPOWER Financing, a mission-driven FinTech company specializing in non-cosigned loans for promising international students, announced the closure of a $150m revolving asset-backed warehouse facility with Goldman Sachs.

Deutsche Bank ESG revenues set to surpass €1bn per year

Deutsche Bank has unveiled an estimate today that its revenues from ESG business will grow to around €1.4bn per year, ahead of €800bn secured last year.

Deutsche Bank links with NVIDIA to accelerate AI use

Deutsche Bank has signed a multi-year agreement with NVIDIA to speed up the use of AI in financial services.

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