John Thain, a former chief executive officer of Merrill Lynch, is expected to join Deutsche Bank's supervisory board in May, according to a person with knowledge of the German lender's plans.
Fintech firms likely to take a third of traditional bank revenues by 2025, Citigroup report says; Saks, Lord & Taylor say five million card accounts were accessed.
Mark Begor, a former long-time GE Capital executive, faces lots of challenges as the credit bureau recovers; CEO dismisses “widespread rumors” that the bank wants to replace him.
Deutsche Bank is said to be conducting a fresh review of its trading businesses, an overhaul that CEO John Cryan is pursuing to help restore profitability amid reports that the bank is seeking to replace him.
Deutsche Bank Chairman Paul Achleitner is said to have held talks with possible replacements for CEO John Cryan. The bank's turnaround efforts have been disappointing in many eyes, but there is open debate on whether it's Cryan or Achleitner who deserves most of the blame.
Goldman Sachs CEO Lloyd Blankfein is reportedly considering leaving by the end of this year; American Express plans to reduce its merchant fees to stay competitive.
New York's banking regulator has asked Deutsche Bank and a pair of local lenders to provide information about their relationships with Jared Kushner, his family and the Kushner Cos., according to people familiar with the matter.
Deutsche Bank on Wednesday became the first large bank to announce a wholesale relocation of client business out of the U.K., but B of A has extended the lease on its London headquarters, and Northern Trust is searching for a new lease in the city.
Banks will have to show they can withstand “severely adverse” conditions; the office will be under the direct control of acting director Mick Mulvaney.
