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Executives inside Deutsche Bank, Donald Trump’s personal bankers, are expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller, the special counsel who is investigating possible collusion between the Kremlin and the Trump campaign. A person close to the matter who spoke to the Guardian on the condition of anonymity said Mueller’s team and the bank had already established informal contact in connection to the federal investigation.

Germany's largest bank has failed to respond to a request from Democrats on a U.S. House of Representatives panel for details about U.S. President Donald Trump's possible ties to Russia, a Democratic staffer said on Sunday. Several Democrats on the U.S. House Financial Services Committee sent a letter last month to John Cryan, Chief Executive Officer of Deutsche Bank, seeking details that might show if Trump's loans for his real estate business were backed by the Russian government. The letter asked for details of internal reviews of Trump's transactions and gave the prominent German bank until Friday to respond. The...

The Federal Reserve has fined Germany’s largest bank $41 million for failure to maintain controls against money laundering in its U.S. operations. The U.S. regulators announced the penalty against Deutsche Bank on Tuesday, citing “unsafe and unsound practices.” The global bank also agreed to an order requiring it to improve oversight by senior management in complying with anti-money-laundering laws in the U.S. operations. The action follows $629 million in penalties levied against Deutsche Bank in January by New York state and British regulators for lapses in controls that allowed wealthy Russians to allegedly launder about $10 billion in illicit funds...

The growth rate of America’s gross domestic product might rise by more than 200 percent by 2018 under President-elect Donald Trump's economic plan, according to a new analysis. CNBC cites a Deutsche Bank forecast that claims Trump’s economy-boosting agenda could drive 2.4 percent growth in 2017 and 3.6 percent in 2018. Under President Barack Obama, the economy grew by an average of 1.6 percent during his eight years in office. CNBC noted Obama is the first president since Herbert Hoover who has not overseen the economy grow by at least 3 percent in one year of their administrations. The Deutsche...

President-elect Donald Trump's policies have the potential to trigger a new age in U.S. economic growth that could serve as a global template, according to a Deutsche Bank forecast. Gross domestic product growth would be double its current level under an agenda that cuts regulations across a broad swath of critical sectors, enacts tax reform that slashes personal and corporate taxes, and calls for at least $1 trillion in improvements for bridges, roads and other public projects. "This policy mix has the potential of reigniting productivity growth and raising U.S. growth potential," David Folkerts-Landau, chief economist at Deutsche Bank, said...

Deutsche Bank said it has reached settlement with US authorities to pay a $3.1 billion civil penalty (and provide $4.1bn in releief to consumers). Removing considerable uncertainty about Deutsche's capital position, one wonders how much this remarkably low-ball settlement had to do with Donald Trump's current loan re-negotiations with the "world's most systemically dangerous bank."

Problematic, in a very big way even if the offer was made.Qatar’s ties to Al Qaeda and ISIS aren’t news. They’ve effectively served as intermediaries in everything from ransom exchanges for hostages to Taliban negotiations. But actually trying to secure terrorist swaps for prisoners on their own behalf would have been a new frontier. Before he was released from a U.S. maximum-security prison last week, a confessed al Qaeda sleeper agent was offered up in a potential prisoner swap that would have freed two Americans held abroad.According to two individuals with direct knowledge of the case, the proposition was...

"The business model of the largest banking institutions around the world - from Wells Fargo To Deutsche Bank - is Fraud," exclaimed Bernie Sanders, after being asked whether Hillary Clinton should return the $1 million she received from Deutsche - ":a fraudulent business." Sanders also added that The Clinton Foundation's donations "raised serious questions" with regard the relationship to the prospective president. Yes he dodged the question, but still, not exactly vote-inspiring stuff.

This is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the failure of Lehman Brothers. So the final crawl towards the probable nationalisation of Deutsche Bank came as no particular surprise this year, but it is tiresome to relate nevertheless. The 2015 annual report for Deutsche Bank runs to some 448 pages, so one rather doubts if even its CEO, John Cryan, has read it all, or has a complete grasp of, for example, its €42 trillion in total notional derivatives exposure. Is Deutsche Bank technically...

The gyrations in Deutsche Bank’s shares last week together with a June report from the International Monetary Fund indicating that the bank was “the most important net contributor to systemic risks” has cast a trading pall over all of the global banks. Against that backdrop, most Americans would be stunned to learn that the German Deutsche Bank, which perpetually finds itself on the wrong side of the law, was bailed out in five separate U.S. emergency lending operations during the 2007-2010 financial crisis, receiving more than twice the emergency financial assistance as that received by Lehman Brothers, the failed U.S....

Obscured somewhat by the spectacular antics of Deutsche Bank, there appears to be another bailout of two of Spain’s franken-banks: mostly state-owned Bankia and wholly state-owned Banco Mare Nostrum (BMN). The news was released so quietly that even in Spain barely a living soul is aware it’s happening. For the moment, BMN is completely state-owned, after its four constituent state-owned parts — Caja Murcia, Caixa Penedès, Caja Granada y Sa Nostra — were rescued by Spain’s taxpayers and lumped together for the modest price of €1.6 billion in 2010. But by the end of this year all that was supposed...

Today’s mayhem is not so much the result of reckless bankers and asleep at the wheel regulators, but rather of the public policy response to the last crisis itself – that is to say, regulatory over-reach and central bank money printing. All eyes are naturally focused on the specific problems of Deutsche Bank, but Deutsche is in truth no more than the canary in the coal mine. As Tidjane Thiam, chief executive of Credit Suisse, observed last week, as an entire sector, European banks are still “not really investable”. Much the same disease as afflicts Continental banks also applies to...

While it now seems that Friday's rumor of a substantially reduced Deutsche Bank settlement with the DOJ, which sent the stock price soaring from all time lows, was false following a FAZ report that CEO John Cryan has not yet begun the renegotiation process, and in the "next few days" is set to fly to the US to discuss the proposed RMBS misselling settlement with the US Attorney General, Germany's largest lender continues to be impacted by the public's declining confidence, exacerbated over the weekend by a disturbing "IT glitch." For one, it remains unclear if Friday's report halted, or...

German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank (DBKGn.DE) given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday. The government denied a newspaper report on Wednesday that it was working on a rescue plan for Germany's biggest bank, as its shares went into a tailspin fueled by a demand for up to $14 billion from U.S. authorities for misselling mortgage-backed securities before the financial crisis. Germany, which has insisted Italy and others accept tough conditions in tackling their...

The government threat to Deutsche Bank’s safety and soundness began on Sept. 15. That’s when the Journal reported that Justice was demanding an eye-watering $14 billion to resolve an investigation of the bank’s sale of mortgage-backed securities prior to the 2008 financial panic. Deutsche Bank then had to acknowledge the size of this government stick-up as its stock price proceeded to drop more than 20% in a fortnight. The lack of exuberance among investors was entirely rational. Washington’s proposed withdrawal represented most of the bank’s market capitalization.

How much money can the Obama Administration seize from banks before triggering a global financial panic? U.S. Department of Justice lawyers decided to find out by running a two-week experiment at Germany’s Deutsche Bank. The experiment appears to have ended on Friday, but not before Washington had ignited a run on one of the world’s largest financial institutions. The government threat to Deutsche Bank’s safety and soundness began on Sept. 15. That’s when the Journal reported that Justice was demanding an eye-watering $14 billion to resolve an investigation of the bank’s sale of mortgage-backed securities prior to the 2008 financial...

Hedge funds have started to pull some of their business from Deutsche Bank, setting up a potential showdown with German authorities over the future of the country’s largest lender. As its shares fell sharply in New York trading, Deutsche recirculated a statement emphasising its strong financial position. European regulators and government officials have kept a low profile in public over Deutsche’s deepening woes. However, in private they have struck a sanguine tone, stressing that in extremis there is scope under European regulation to inject state funds to support the bank, provided it is done in line with market conditions. Marcel...

DB stock is now in a full panic sell-off as I write this. It just hit another new all-time NYSE low on by the heaviest volume ever in the stock since its 2001 NYSE listing. It’s currently down almost 10%. No doubt the Central Banks will try to bounce it.

German officials could be about to find themselves in an uncomfortable position: Being called on to show they're ready to rescue a bank in a part of the world where such operations are considered taboo. Deutsche Bank came under intensified market fire Thursday, the latest salvo being a Bloomberg report that a small number of hedge funds are trimming their sails at the German bank. In a broad perspective, the move would represent a minor dent in Deutsche's derivatives clearing business. Barry Bausano, chairman of Deutsche's hedge fund business, told CNBC on Thursday that while there have been some outflows,...

Full title: Dow sheds 200 points as bank stocks fall sharply; Deutsche Bank tumbles 8% U.S. stocks traded sharply lower on Thursday after banking stocks fell sharply. The three major indexes hit session lows shortly after Bloomberg reported that approximately 10 hedge funds were reducing their exposure to embattled European bank Deutsche Bank. Deutsche shares fell 8 percent in afternoon trade.