Deutsche Bank: ‘sorry’ in full-page German newspaper ads
CEO of Deutsche Bank John Cryan
Frankfurt, Germany - Arab Today
Deutsche Bank has apologized in full-page newspaper ads for misconduct that has cost the company billions.
The ad, signed by CEO John Cryan, ran Saturday in German newspapers including the Frankfurter Allgemeine Zeitung and the Munich-based Sueddeutsche Zeitung. The bank said its past conduct “not only cost us money, but also our reputation and trust.”
In December, Deutsche Bank agreed to a $7.2 billion settlement with the US Justice Department over dealings in opaque bonds based on home loans in 2005-2007. Losses on such bonds helped start the global financial crisis.
Other misconduct cases included rigging interest benchmarks and money-laundering violations involving Russia.
The ad said “we in the management committee and bank leadership as a whole will do everything in our power to keep such cases from happening again.”
Source: Arab News
GMT 11:21 2018 Saturday ,06 January
US tax law pushes Deutsche into loss for 2017GMT 10:47 2017 Thursday ,26 October
Deutsche Bank in $220 mn Libor settlement with US statesGMT 11:43 2017 Tuesday ,12 September
US sues ex-Deutsche Bank exec for securities fraudGMT 20:07 2017 Wednesday ,31 May
Deutsche Bank to support China's 'Belt and Road'GMT 09:06 2017 Friday ,19 May
Deutsche Bank chairman expects former execs to pay
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 12:47 2016 Thursday ,01 September
'La La Land' musical masterpiece dazzles Venice film fest
GMT 12:42 2017 Monday ,20 February
Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'
GMT 19:01 2017 Wednesday ,30 August
Oil prices down as US reels from Harvey
GMT 04:19 2017 Monday ,08 May
National forces attack mercenaries in Taiz
GMT 13:08 2017 Saturday ,09 September
Minister of Communications and InformationTechnology leads Sudan Delegation to Kazakhstan OIC Summit
GMT 19:21 2017 Sunday ,07 May
Iranian Film Week opens in Baghdad
GMT 21:33 2017 Sunday ,30 July
Arab Quartet meeting kicks off in Bahrain
GMT 08:19 2018 Thursday ,06 December
Warming Greenland ice melting at 'unprecedented' levels, study finds
GMT 17:17 2016 Friday ,07 October
Aleppo bleeds as US and Russia spar
GMT 12:03 2015 Monday ,21 December
Nepal protester killed in constitutional crisis clash
GMT 09:47 2016 Thursday ,22 December
Trump vows to cut F-35 spending, as leaked memo
GMT 21:44 2017 Friday ,15 December
King establishes Hawar Development Committee
GMT 20:57 2017 Tuesday ,16 May
Naval Forces rescue 23 tourists in Hurghada
GMT 12:56 2017 Monday ,11 December
Lyon leave it late, Balotelli with Nice winner
GMT 14:41 2017 Sunday ,13 August
Kenya's Odinga urges supporters 'not to go to work' Monday
GMT 06:18 2017 Thursday ,19 October
Russian delegation meets with Julphar chairman
GMT 05:55 2017 Saturday ,08 April
Prince Miteb briefed on progress in osteoporosis research work
GMT 21:20 2017 Monday ,23 October
Nasr, delegation of London Stock Exchange
GMT 11:36 2016 Tuesday ,05 July
Bangladesh politician stunned by son's role in attack
GMT 22:25 2017 Sunday ,19 November
UN calls on Syria’s warring sides to stop targeting civilians
GMT 15:48 2017 Wednesday ,01 March
Removal of residents from West Bank settlement termed a ‘media stunt’GMT 14:40 2012 Saturday ,10 March
Magdy Al-Galad steps down
GMT 09:47 2017 Sunday ,12 March
Cat Camp in New York attracts cat lovers
GMT 14:57 2016 Friday ,09 September
Madonna, Ritchie settle child custody dispute
GMT 23:52 2017 Monday ,18 September
UAE economic growth boosting logistics sector
GMT 00:15 2017 Tuesday ,18 July
Anti-terror squad detains terror suspect in Subang
GMT 15:03 2016 Friday ,01 January
Gene-editing technique heals mice with muscular dystrophy
GMT 06:34 2017 Tuesday ,30 May
Trial of Egyptian rights lawyer with presidential ambitions starts
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor