Latest Deutsche Bank News: Finextra Research

Deutsche adds euro account tracking to Web-based cash management system

Deutsche Bank has expanded its Internet-based cash management service, db-cinq, to include historical payment information for euro accounts.

30 September 2002

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Deutsche Bank to outsource European IT to IBM

Deutsche Bank is in exclusive negotiations with IBM to outsource the operation of its computer centres in continental Europe.

24 September 2002

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Trace Datawise takes Deutsche-developed trade capture software to market

Trace Datawise Financial has released WebTM, a new browser-based data entry and message generation tool for fund mangers and retail brokers that was originally developed for Deutsche Bank.

10 September 2002

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Regulatory bodies to penalise Wall Street banks over e-mail - NY Times

US securities regulators may fine six investment banks as much as $10 million for not keeping e-mail messages as required, according to a report in the New York Times.

02 August 2002

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Rolfe & Nolan secures £1 million Project Merlin funding

Derivatives back office vendor Rolfe & Nolan has secured funding of just over £1 million for the development phase of its next generation Merlin technology project from its two key global sponsor banks, Deutsche Bank and UBS Warburg.

18 July 2002

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Pershing wins Deutsche Bank clearing contract

Credit Suisse First Boston clearing subsidiary Pershing has reached an agreement to deliver clearing services to the Deutsche Bank Alex. Brown private client division.

25 June 2002

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Deutsche Bank applies Asset Control to investment funds data admin

Deutsche Bank has chosen Asset Control software to centralise its management of securities pricing, reference and corporate actions data.

19 June 2002

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Deutsche Bank IT staff strike over wage demands

IT staff at three of Deutsche Bank's computer centres have gone on strike to demand higher wages.

12 June 2002

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Brief: Deutsche and Dresdner in transaction banking ops merger - BoersenZeitung

Deutsche Bank has signed a letter of intent with Dresdner Bank's Allianz unit to merge its payment transaction banking operations in an attempt to cut costs, according to a report in financial broadsheet BoersenZeitung.

14 May 2002

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RiskMetrics launches CreditGrades

RiskMetrics Group has launched a new equity-based model to assess the credit quality of publicly traded companies. The model has been endorsed by Deutsche Bank, Goldman Sachs and JPMorgan.

13 May 2002

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Deutsche considers outsourcing European IT ops

Deutsche Bank is considering measures to outsource its European information technology infrastructure in a bid to cut costs and save at least EUR100 million annually.

24 April 2002

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Deutsche Bank and JPMorgan Chase join Currenex

Former Atriax partners Deutsche Bank and JPMorgan Chase have signed up to independent online currency exchange Currenex’s Web-based service, FXtrades. The announcement concludes the scramble for participation and liquidity that has been conducted following the demise of Atriax.

23 April 2002

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