Arab alliance is dangerous for John Cryans Job
Other Arab investors flirt with a stake in Deutsche Bank. If the money home to increase its capital in order to pay the alleged multibillion high fines for violations of the law, the sovereign wealth funds of Qatar and Abu Dhabi would be willing to subscribe for shares. Even investors from China is on hand as the manager magazin has learned from banking circles. Read more about it in our latest issue (release date: October 21).
Want to strengthen your influence especially Qatar Hamad Bin Jassim Ex-Premier Bin Jabor Al-Thani (57) and his cousin Hamad Bin Khalifa Al-Thani (64). Including options keep the cousins together now around 10 percent in Deutsche Bank stock market chart show . In case of capital on a large scale they would be willing to screw their share up to 25 percent - but together with investors from Qatar, Abu Dhabi and China.
On Investment Banking wants to hold the investor group, but not necessarily to CEO John Cryan (55): The CEO, is denied the executives, is considered as endangered as IT chief Kim Hammonds (49) and other top managers. will advise the two Al-Thani of Michele Faissola (48), ex-head of Deutsche Bank Asset Management.
For settling other disputes, the German bank has set aside 5.5 billion euros. The money is reserved primarily for fines in connection with the sale of bad mortgage loans and possible money laundering in Russia. Currently, both cases of regulators in the US and UK are examined.
But for the dubious loan sales, the US Justice Department has invoked a penalty of 12.5 billion euros. The German bank is currently negotiating with the Americans about a significant reduction in total; the Group is growing confidence, much cheaper and get away with it without a capital increase. With the conclusion of the negotiations are expected before the US presidential election on November 8.
More economic firsthand ? The above text is only a minimal section of the November issue of manager magazin . The new issue (and the next issue) you can here the advantage listing order. The digital edition is available here for you, from Friday is the print edition on newsstands. Subscribers we provide the fresh manager magazin on Thursday in the letterbox or electronically. Or both.