#deutsche-bank

#deutsche-bank

European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia's war in Ukraine.After a meeting in Brussels, the EU government heads said lenders in Europe are generally in sound health and in a position to weather a combination of rising interest rates and slowing economic growth.

Australian financial services company Latitude Financial Services now says that roughly 14 million records were stolen in a cyberattack earlier this month.The incident was disclosed in mid-March, when the company started notifying roughly 300,000 customers of a data breach impacting their personal information.

Australian financial services company Latitude Financial Services is notifying roughly 300,000 customers that their personal information might have been compromised in a data breach.A subsidiary of Deutsche Bank and KKE operating since 2015 and headquartered in Melbourne, Latitude is the largest non-bank lender of consumer credit in Australia, also offering services in New Zealand, under the brand Gem Finance.

A British oil executive was jailed in India after bringing a banned satellite phone to a yoga retreat.Fergus MacLeod, who works for the oil giant Saudi Aramco, says he spent a week locked up in an Indian jail after taking the phone on the retreat in the Himalayas.Mr MacLeod said he had been unaware of the ban, which was introduced after such devices were used by terrorists who attacked Mumbai in 2008.

Markets seesawed severely this week when two of the US economy's most prominent leaders gave seemingly contradictory statements on the health of the banking sector.Expect more turbulence ahead.Fresh off of the Federal Reserve's decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the central bank's post-meeting press conference that all depositors' savings are safe.

Ethereum fell from a 7-month high March 24, as traders reacted to further uncertainty within the European banking sector.Shares in Deutsche Bank fell by as much as 13% in today's session, following a spike in the cost of credit default swaps.Bitcoin briefly moved above $28,000 on the news.Bitcoin Bitcoin (BTC) was back above $28,000 on Friday, as fears of further banking collapses pushed traders towards cryptocurrencies.

U.S. Federal Reserve Board chair Jerome Powell is pictured in January in Washington.Powell and other Fed officials have said they expect to keep interest rates at their peak for an extended period.(Brendan Smialowski/The Associated Press) After four straight three-quarter-point interest rate hikes, the U.S. Federal Reserve is expected to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialling back its efforts to combat inflation.

Homebuyers and borrowers face more misery from rising Interest rates on Thursday as the Bank of England seeks to calm inflation despite data showing that prices eased slightly in November.In what will heap further pressure on mortgage-holders, the nine members of the Monetary Policy Committee (MPC) will make a decision that could push up the amount that millions of borrowers have to pay their banks every month.

Oracle execs are all smiles following a stellar showing for their cloud operations in the latest full quarter, and Larry Ellison is obviously feeling a little dizzy, telling the world - or anyone who would listen - that Big Red's cloud never fails.Founder and CTO of the Texas-based business, Ellison bottles the Koolaid he asks employees to drink, but last night on a conference call to discuss earning for Q2 ended 30 November, he appeared to have a bellyful himself.

DJM's Lindsay Parton and 21221 Hawthorne Boulevard (DJM Capital, Google Maps) DJM Capital plans to renovate a Torrance shopping center with a new $75 million loan.The firm scored the loan from Deutsche Bank last month on the 181,300-square-foot Village Del Amo retail and office complex at 21221 Hawthorne Boulevard, according to property records filed with Los Angeles County.

Shares in Deutsche Bank, Germany's largest lender, fell sharply on Friday, dragging down major European banks as fears about weaknesses in the global financial system send fresh shudders through the markets.Deutsche Bank shares were off 12.8% in midday trading on the German stock exchange.The drop follows a steep rise in the cost of financial derivatives, known as credit default swaps, that insure bondholders against the bank defaulting on its debts.

German Chancellor Olaf Scholz said during an EU summit on Friday said that Europe's banking system is "stable."The leaders of the eurozone countries were meeting the head of the European Central Bank (ECB), Christine Lagarde, to discuss the potential fallout of several major banks collapsing in the US and Switzerland.

Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the United States as a major tech lender said it had to sell shares to plug a hole in its finances.SVB Financial Group (SIVB), which is partnered with nearly half of all venture-backed tech and health care companies in the United States, was forced to raise capital after it sold part of its portfolio of US Treasuries at a loss to cover a rapid decline in customer deposits.

The Bank of England is expected to unveil the biggest interest rate rise since the 1980s on Thursday as it tries to control the runaway inflation which is battering British households.In a crunch meeting, the nine members of the Monetary Policy Committee will make a decision that could push up the amount that millions of mortgage holders have to pay their banks every month.

Shares in Deutsche Bank fell sharply on Friday, as fears about vulnerabilities in Germany's largest lender sent investors for the exits.Deutsche Bank shares were off 14 per cent on the German stock exchange, and have now lost a fifth of their value since the start of March.The drop in the share price on Friday comes amid a steep rise in the cost of financial derivatives pegged to the bank, known as credit default swaps.

It will come as no surprise to most people to learn that the war in Ukraine has had a significant impact on the German economy and individual wealth, as energy prices exploded and inflation rose to a post-war high in 2022.Now, almost a year after the start of the war, the true scale of the economic impact on Germany has become clear.

It will come as no surprise to most people to learn that the war in Ukraine has had a significant impact on the German economy and individual wealth, as energy prices exploded and inflation rose to a post-war high in 2022.Now, almost a year after the start of the war, the true scale of the economic impact on Germany has become clear.

Fresh signs have emerged that the Bay Area's hotel market is wobbly including efforts to scout for one or more investors willing to take over a faltering loan for a lodging icon that's perched atop San Francisco's famed Nob Hill.The Stanford Court Hotel, a historic lodging site at 905 California Street and one of the best-known hotels in the region, is the focal point of an attempt to find a new holder of the loan on the property, according to a marketing flyer reviewed by this news organization.

If you woke up in the middle of the night to some shakes, that was a 3.6 magnitude earthquake rattling the East Bay and San Francisco early Saturday morning, the US Geological Survey confirmed.[USGS] Fire crews rescued a girl who was stuck in a hollowed-out tree  in Campbell on Friday near Los Gatos Creek, the Santa Clara County Fire Department said.

A file image from 2013 provided by the Florida Department of Law Enforcement shows financier Jeffrey Epstein.AP The government of the U.S. Virgin Islands alleges in a lawsuit filed this week that JPMorgan Chase "turned a blind eye" to evidence that disgraced financier Jeffrey Epstein used the bank to facilitate sex-trafficking activities on Little St. James, the private island he owned in the territory until his 2019 suicide.

Both the enormous 135-room Huntington Hotel and its mega-charming restaurant the Big 4 are changing hands once again.As first reported by the San Francisco Business Times, a new buyer is about to finalize purchasing the historic property, which is located at 1075 California Street atop Nob Hill, for a whopping $56.2 million in delinquent mortgage from Deutsche Bank.

German financial giant Deutsche Bank is backing Nvidia's ambitions to someday make hundreds of billions from software that enables a variety of services and applications running on its GPUs.The oft-controversial banking behemoth announced on Wednesday it has formed a "multi-year innovation partnership with Nvidia to accelerate the use of artificial intelligence and machine learning in the financial services sector."

SAN JOSE  The owner of a big office building near San Jose's iconic Santana Row remains optimistic about the property's prospects despite still seeking the structure's first tenants.One Santana West, perched on a prominent spot across the street from Santana Row, has yet to entice its first tenant, but there's room for optimism, real estate executives recently told Wall Street analysts during a conference call.