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May 20, 2014
12:50 EDTDBPing An Bank, Deutsche Bank sign MOU to expand clearing relationship
Ping An Bank and Deutsche Bank today signed a Memorandum of Understanding expanding their cash management relationship by utilizing Deutsche Bank’s US Dollar Clearing for Commercial and Treasury Payments Solution via its Autobahn App Market. The Autobahn App Market allows clients like PAB to access real-time information reporting services which, combined with liquidity and investment services, improves forecasting capabilities enabling PAB to maximize earnings from their liquidity flows. Deutsche Bank’s Treasury Clearing Solution is designed to help PAB improve efficiency of intraday cash flows by providing services to control payment prioritization and manage complex payment arrangements. Headquartered in Shenzhen, PAB is a listed commercial bank that provides comprehensive financial services to corporate and individual customers. It was formed after the merger of Shenzhen Development Bank, the first listed commercial bank in China that went public in April 1991, and the former Ping An Bank. PAB has a network of over 500 outlets in China and a representative office in Hong Kong.
News For DB From The Last 14 Days
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September 29, 2015
12:12 EDTDBAB InBev taps BofA, Santander for SABMiller offer financing, Bloomberg says
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September 28, 2015
18:45 EDTDBAnalyst predicts Deutsche Bank will cut 10K jobs, Telegraph says
JP Morgan analyst Kian Abouhossein believes Deutsche Bank CEO John Cryan will announce plans to "cut expenses at the bank by at least EURO$2.5B by 2018, chop 10,000 staff and cut back on 10,000 of the external consultants paid for by the group," according to the Telegraph. Reference Link
06:20 EDTDBCOMCO probing UBS, Julius Baer for metals market price fixing, AFP reports
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