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Business News > Mint Authors > Nicholas Comfort

Nicholas Comfort

ARTICLES BY NICHOLAS COMFORT

Steven Maijoor, chairman of the European Securities and Markets Authority

Investors getting advice on social media spooks EU markets chief

1 min read . 23 Feb 2021

Shrinking banks

Global bank job cuts reach five-year high

1 min read . 02 Dec 2020

Photo: Bloomberg

JPMorgan to move $230 billion assets to Germany under Brexit

1 min read . 23 Sept 2020

Banks will probably continue to announce further staff reduction plans next year. (Photo: Mint)

Banks face biggest job cuts around the world, 77780 culled in 2019

1 min read . 27 Dec 2019

Deutsche Bank said retail chief Frank Strauss and Chief Regulatory Officer Sylvie Matherat, both board members, will leave this month. (Bloomberg)

Deutsche Bank CEO Christian Sewing slashes 18,000 jobs in $8.3 billion overhaul

3 min read . 08 Jul 2019

Despite ABLV saying it raised more than €1.36 billion ($1.67 billion) over four business days, the ECB said it lacked adequate cash liquidity and referred the lender to Europe’s Single Resolution Board. Photo: Reuters

Europe to shut ABLV Bank at center of a scandal roiling Latvia

5 min read . 25 Feb 2018

Though Deutsche Bank told staff last month that it was scaling back bonuses, the full magnitude of the cuts hadn’t been reported. Photo: Bloomberg

Deutsche Bank cuts bonus pool almost 80% on legal costs

2 min read . 27 Feb 2017

Deutsche Bank’s net loss narrowed to €1.89 billion in the three months through December, from a loss of €2.12 billion a year earlier. Analysts had expected a shortfall of €1.32 billion.

Deutsche Bank misses estimates as client jitters hit trading

4 min read . 02 Feb 2017

A file photo of Anshu Jain, who is joining Social Finance Inc., the online lender known as SoFi, starting as an adviser. Photo: AFP

Anshu Jain keeps chauffeured car, office after Deutsche Bank exit

2 min read . 11 Mar 2016

Europe’s largest automaker now faces damage to its reputation as well as penalties that could stretch into the billions of dollars. Photo: AFP

VW’s Winterkorn told of defeat device probe in 2014, German newspaper says

1 min read . 14 Feb 2016

After the buyback information was reported, the bank’s shares soared as much as 17%, the biggest intraday gain since March 2009. Photo: Reuters

Deutsche Bank jumps as lender said to consider bond buyback

4 min read . 10 Feb 2016

The cost of protecting Deutsche Bank’s debt against default has more than doubled this year, while the shares have dropped about 38%. Photo: Reuters

Deutsche Bank wins respite after Monday drop erodes $2.2 billion

5 min read . 09 Feb 2016

Deutsche Bank will close operations in 10 countries including Mexico, Norway and New Zealand, and move trading operations from Brazil to global and regional hubs. Photo: Bloomberg

Deutsche Bank to shrink workforce by about 26,000 in revamp

1 min read . 29 Oct 2015

Protesters walk in front of Brandenburg Gate during a rally against the proposed US-EU free trade pact in Berlin on Saturday. Photo: AFP

US-Europe trade accord draws 250,000 protesters in Berlin

1 min read . 10 Oct 2015

The firm said it expects to book a €5.8 billion writedown as higher capital requirements reduce the value of its investment bank and it adjusts the estimate of what it will receive in the disposal of its Postbank unit. Photo: Reuters

Deutsche Bank braces for $7 billion loss, may scrap dividend

4 min read . 08 Oct 2015

Management will propose an unchanged dividend of 75 cents a share, Deutsche Bank chief financial officer Stefan Krause said on a call with analysts. Photo: Bloomberg

Deutsche Bank beats estimates on trading, lower legal costs

2 min read . 29 Jan 2015

US authorities are said to be seeking as much as $10 billion from BNP Paribas—a record criminal penalty—over its alleged dealings in countries including Sudan and Iran. Photo: Bloomberg

COO Chodron de Courcel to leave BNP Paribas amid US sanctions probe

1 min read . 12 Jun 2014

Anshu Jain, co-chief executive officer of Deutsche Bank AG. Photo: Bloomberg

Anshu Jain haunted by rainmaker past as Deutsche Bank fines multiply

15 min read . 27 Mar 2014

Deutsche Bank is among banks lowering pay, firing staff and shrinking its balance sheet to lift profit and capital levels to meet stricter regulatory requirements and boost shareholder returns. Photo: Ramesh Pathania/Mint

Deutsche Bank cuts investment banker pay 23% as loss reported

1 min read . 29 Jan 2014

Deutsche Bank is putting aside funds to settle probes and lawsuits that include allegations it deceived clients about products linked to US mortgages and that its traders attempted to rig benchmark interest rates. Photo: Bloomberg

Deutsche Bank posts surprise fourth-quarter loss on legal costs

2 min read . 20 Jan 2014