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Deutsche Bank under probe by DOJ over 1MDB
KUALA LUMPUR: The U.S. Justice Department is investigating German financial institution Deutsche Bank for possible violation of foreign corruption or anti-money-laundering laws in its work for the 1Malaysia Development Bhd (1MDB) fund. The Wall Street Journal (WSJ) yesterday reported that
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Deutsche Bank axes 18,000 staff across the world
Deutsche Bank laid off staff from Sydney to New York yesterday as it began to slash 18,000 jobs in a 7.4 billion euro (RM34.38 billion) ‘reinvention’ move that will lead to yet another annual loss, a plan that knocked its
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Deutsche Bank board to meet July 7 over job cuts
FRANKFURT: Deutsche Bank’s supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said. CEO Christian Sewing flagged an extensive overhaul
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