Deutsche Bank AG agreed to pay a $25 million fine to settle charges one of its subsidiaries did not have adequate anti-money-laundering protections in place.
Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking group for internet dealmaking, according to people familiar with the matter. Withey, who spent 15 years at Barclays and focused on internet investment banking, will be based in San Francisco and report to Deutsche's co-head of technology, media and telecoms (TMT) investment banking, Ajay Shah, the sources said, adding that she will start her new role in December.
The 40-year period from 1980 to 2020 characterized by mostly economic expansion will likely be replaced by more frequent recessions, Deutsche Bank said.