(Bloomberg) -- Deutsche Bank AG hired John Arena from Bank of America Corp. to help structure art loans for the ultra-wealthy. Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapWhy Some Vaccinated People Resist Omicron and Others Don’tThailand to Resume Quarantine-Free Tourism as Covid EasesArena will join as a director in Florida and r
Employees at 40 branches of Deutsche Bank's Postbank are staging brief, warning strikes on Friday and Saturday as they cite rising inflation to demand higher wages, a union official said. The strikes precede a week of separate wage negotiations for the broader banking industry in Germany. For months, unions and management at Germany's private and public sector banks have held multiple rounds of wage talks.
(Bloomberg) -- Apollo Global Management Inc., Elliott Investment Management LP and other investors in distressed corporate debt were sued by a unit of Deutsche Bank AG for allegedly making false claims about its role in a $725 million loan to SunEdison Inc. before the energy company filed for bankruptcy.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingE