BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks joined a global sell-off on Thursday, as mounting concerns over high inflation and slowing global growth sent investors flocking to the safe
FRANKFURT (dpa-AFX) - Deutsche Bank CEO Christian Sewing stated that the company is proposing a meaningful dividend for the first time in years. In a message sent to all staff of Deutsche Bank
Deutsche Bank AG shareholders should not sign off on management’s actions for the past year, an influential advisory firm recommended, citing ongoing legal investigations against the lender.
Proxy adviser Glass Lewis listed probes against Deutsche Bank’s asset manager DWS Group and an unidentified management board member in connection with a tax evasion scheme known as cum-ex, a report published on Sunday said.
It also cited a raid last week related to the bank’s reporting on potential money laundering.
While Glass Lewis said it is “unaware of any substantial indications to suggest that management board members overwhelmingly failed to fulfill their duty to shareholders,”
<p><span>On the occasion of the meeting of the ECB Governing Council on 16 December 2021, a high-level working group headed by former prime ministers and candidates for chancellor Peer Steinbrück and Edmund Stoiber is calling on the European Cen-tral Bank to do more to reduce the increasing inflation rate. Stoiber and Steinbrück: "The ECB is neglecting its fundamental task of maintaining price stability by not ad-justing its ultra-loose monetary policy despite rising inflation rates. Contrary to the ECB s assumption that the trend is temporary, there is a high risk that inflation ex-pectations will become entrenched, thus driving inflation further." The resignation of the leading voice for stability in the ECB Governing Council, Bundesbank President Weidmann, should serve as a warning, they said. "We expect the ECB Governing Council to send a clear signal for a turnaround in monetary policy at its meeting and as a first step to substantially