Postbank

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Deutsche Bank jointchief executive Jürgen Fitschen (fourth from right) and the former Deutsche Bank CEOs Rolf Breuer (third from right) and Josef Ackermann (fifth from right) wait for their trial in connection with the Kirch  bankruptcy in Munich. Photograph  by Jörg Koch/Getty Images

A fresh chapter in the long-running legal woes of Germany’s Deutsche Bank opened yesterday in Munich when joint chief executive Jürgen Fitschen appear(...)

Commerzbank shares lost 4 per cent in early trading on Tuesday after Germany’s second-biggest lender sold new shares equal to 10 per cent of its equit(...)

Jürgen Fitschen ( left) and Anshu Jain, co-chief executives of Deutsche Bank at a news conference in Frankfurt to announce plans to reduce annual costs by a further €3.5 billion,  cut back its ownership in the Postbank consumer unit and shrink the securities business to revive profitability. Photographer: Martin Leissl/Bloomberg

Germany’s largest financial institution, Deutsche Bank, has entered a crucial phase in its 145 year history: presenting a €3.5 billion savings and re-(...)

Germany’s biggest lender Deutsche Bank said it was seeking to sell its Postbank subsidiary as part of a revamp to improve profitability. (Photograph: John MacDougall/Getty Images)

Deutsche Bank AG plans to reduce annual costs by a further €3.5 billion, cut back its ownership in the Postbank consumer unit and shrink the securi(...)

Under draft regulations, credit unions must hold the first legal charge secured on the property for any house loans made following commencement of the new rules

Word that the Irish League of Credit Unions is at an “early stage” in considering the feasibility of its members offering mortgages has provoked much (...)

In London, supermarket giant Tesco was back under pressure with a decline of nearly 3 per cent or 4.6p to 180.6p. Photograph: Rui Vieira/PA Wire.

European stocks were little changed today as investors signalled they are likely to hold fire until they see stronger signs of a recovery. Values slu(...)

The Dalata hotel group has 5,800 rooms under its control, which include about a dozen leased hotels, mostly operating under its Maldron brand.

Dalata Hotel Group, the Republic’s largest hotel company, this morning floated on the stock exchanges of Dublin and London after raising €265 milli(...)

The Central Bank paid €11 million to three consultants for the balance sheet assessments that were carried out on AIB, Bank of Ireland and Permanent TSB in the second half of last year

The Central Bank paid €11 million to three consultants for the balance sheet assessments that were carried out on AIB, Bank of Ireland and Perm(...)

If plans for Flip succeed it will become the first new retail player in Ireland since Postbank’s shortlived venture in 2007 and the first to offer cutting edge technology like an app that allows customers to scan and upload cheques instead of physically depositing them. Photograph: Akos Stiller/Bloomberg

Wanted - investors willing to pump €100 million into a new European bank that picked Ireland as its first market. Strategic partners only, hed(...)

Two former accountants with PWC and KPMG plan to launch a new peer-to-peer lender targeting small businesses, community organisations and charities. Called Our Money the new lending platform intends to launch in March and its chief executive is Derek Butler, an accountant with PWC who later worked as country director for Goal in Haiti.

Two former accountants with PWC and KPMG plan to launch a new peer-to-peer lender targeting small businesses, community organisations and charities. C(...)

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