Tag Archives | Deutsche Bank

Deutsche Bank Says Still ‘Cautious’ in Trade with Iran

A senior official with Germany’s Deutsche Bank said the transaction bank will remain tentative in its financing business with Iran despite the removal of anti-Tehran sanctions. “We remain extremely reserved when it comes to Iran,” said Werner Steinmueller, the head of Deutsche Bank’s Global Transaction Banking unit, referring to the difficulties in working with Iranian […]

Deutsche Bank Fined for Sanctions Violations

The US Federal Reserve Board on Wednesday announced a $58 million penalty and consent cease and desist order against Germany’s Deutsche Bank AG related to violations of U.S. sanctions. The Federal Reserve’s order is being issued in conjunction with an action by the New York State Department of Financial Services for violations of various New […]

Private Equity Firm Sets Up before Sanctions Lift

An investment banker with dual UK and Iranian citizenship has set up Iran’s first private equity firm able to take foreign investment, according to a report from Business Insider. Xanyar Kamangar (pictured), who left his investment banking job at Deutsche Bank, wants to be ready for investment opportunities as soon as sanctions are removed. From […]