Josef Ackermann

UPDATE 1-Deutsche Bank CEO- End at hand for investment banks

reuters.com
22 hrs ago 3 related
        

Chief Executive, Josef Ackermann, said he expected banks around the world to drop the model of investment banking as a standalone business as a result of the financial crisis. "We are seeing the end of pure investment banks,"...

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UBS clamps down on exec pay; explores clawbacks

marketwatch.com
21 hrs ago 52 related
        

ZURICH (MarketWatch) -- UBS AG Monday said it will reform its executive pay schemes after accepting Swiss government help to recover from more than $46 billion in mortgage-related write-downs. The Zurich-based bank said that...

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yahoo.com: Reuters Deals Today yahoo.com

UPDATE 1-ECB's Weber signals rate cuts, eurozone 09 GDP may fall

finanznachrichten.de
22 hrs ago 5 related
        

FRANKFURT, Nov 17 (Reuters) - The euro zone economy could shrink in 2009 and the European Central Bank is likely to cut interest rates again, ECB Governing Council member Axel Weber said on Monday. The 15-nation region's...

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Goldman Sachs chief Lloyd Blankfein and deputies give up bonuses

telegraph.co.uk
yesterday 82 related
        

Goldman Sachs, the US investment bank, says it will scrap 2008 bonuses for its senior executives following the financial crisis. The bank, which is part of the $700bn (£475bn) US bail-out package, will not add to the $600,000...

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Deutsche Bank's Anshu Jain Picks Up Stake In IPL Team Mumbai Indians

vccircle.com
yesterday
        

Top Deustsche Bank executive Anshu Jain has bought a 15% stake in Mukesh Ambani's Indian Premier League franchise Mumbai Indians. Jain, the head of global markets at Deutsche Bank, has picked up the stake in his personal...

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Deutsche Bank CEO warns Swiss on bank secrecy -paper

reuters.com
yesterday 1 related
        

ZURICH Nov 16 (Reuters) - Swiss banking secrecy could come under growing pressure from foreign governments, Deutsche Bank DBKGN.DE chief Josef Ackermann told Swiss Sunday paper NZZ am Sonntag. "Political pressure will increase...

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Top Firm Accused Of Having Illegal 'Secret' Desk

hereisthecity.com
yesterday
        

Canada's Globe and Mail reports that UBS is thought to have operated a secretive desk in Canada that may have illegally encouraged wealthy Canadians to move funds to Switzerland in order to evade taxes. The Swiss bank is...

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Deutsche Bank repeats will not need state aid-paper

finanznachrichten.de
15-Nov-2008 1 related
        

FRANKFURT, Nov 15 (Reuters) - Deutsche Bank, Germany's largest bank, will not need money from the state to survive the financial crisis, the bank's chief executive was quoted as saying in an interview in a German paper. 'Only...

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Royal Dutch Shell Plc - Director/PDMR Shareholding

finanznachrichten.de
14-Nov-2008 2 related
        

LONDON, November 14 /PRNewswire-FirstCall/ -- Royal Dutch Shell plc received notice on 14th November 2008 from Dr Josef Ackermann, a non-executive Director of the Company, that on 10th November 2008 he purchased 10,000 Royal...

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European Union pushes global bank oversight even though they can't agree to their own standards

app.com
14-Nov-2008
        

BLOOMBERG NEWS SERVICE • November 14, 2008 European Union nations disagree over plans to coordinate oversight of international banks even as EU leaders prepare to pitch more sweeping global proposals in Washington today. The EU...

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