For Paul Achleitner’s successor the priority will be restoring the financial health of the German lender ahead of a round of European banking mergers
(Bloomberg) -- Deutsche Bank AG has been asked by one of its key supervisors to clarify how its staff use private messages for business purposes as regulators worldwide seek to curb the practice.Most Read from BloombergMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionGoldman’s Blankfein Says US at 'Very, Very High Risk' of RecessionU.S. Stocks Extend Losses in Late Session Selloff: Markets WrapHow Omicron Infection Turbo-Charges Vaccinated People’s ImmunityChina’s Economic
Deutsche Bank is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany's largest lender has come under pressure to clarify its stance on the financing of the planned $3.5 billion East African Crude Oil Pipeline (EACOP), which would stretch more than 1,400 kilometres from Uganda to Tanzania. Deutsche has so far not commented on the project despite the pressure increasing ahead of the bank's annual general meeting on Thursday.