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Deutsche Bank has proposed Kirsty Roth and Klaus Moosmayer to join its supervisory board, with a vote scheduled for the annual shareholder meeting on May 22. Roth is currently the chief operations and technology officer at Thomson Reuters, while Moosmayer has served as chief ethics, risk & compliance officer at Novartis. Their appointments will fill vacancies left by Theodor Weimer and Dagmar Valcarcel, whose terms are expiring.
Deutsche Bank has proposed Kirsty Roth and Klaus Moosmayer for its supervisory board, with a vote scheduled for the annual shareholder meeting on May 22. Roth is currently the chief operations and technology officer at Thomson Reuters, while Moosmayer has served as chief ethics, risk & compliance officer at Novartis. Their appointments will fill vacancies left by Theodor Weimer and Dagmar Valcarcel, whose terms are expiring.
Deutsche Bank's Annual General Meeting (AGM) on May 22, 2025, will propose a 50% dividend increase to €0.68 per share for 2024, alongside a share repurchase program of €750 million. New Supervisory Board members Kirsty Roth and Klaus Moosmayer will succeed Dagmar Valcárcel and Theodor Weimer, who are stepping down. The AGM will feature expanded participation options, allowing shareholders to submit questions live via video.
The SEC faces multiple lawsuits challenging its enforcement actions in the crypto space, with states arguing that the agency oversteps its authority and violates the Administrative Procedure Act. As the SEC prepares for leadership changes under President-elect Trump, the future of its regulatory approach remains uncertain, particularly regarding digital assets like XRP and NFTs. The outcome of these legal battles could significantly impact the evolving landscape of cryptocurrency regulation.
Canadian stocks fell 0.3% as Prime Minister Justin Trudeau announced plans to resign, creating uncertainty in the market. The S&P/TSX composite index dropped 73.75 points, with eight of ten sectors declining, while the loonie rose 0.8% against the U.S. dollar, reaching a near three-week high. Economic data indicated a downturn in the services sector, influenced by a postal workers' strike.
The Consumer Financial Protection Bureau (CFPB) is proposing new regulations to curb predatory practices by data brokers, which often sell sensitive personal information without consent, contributing to scams and threats to national security. The proposed rule would require data brokers to obtain explicit authorization before sharing sensitive data, aligning their practices with those of credit reporting agencies under the Fair Credit Reporting Act. This initiative aims to protect consumers and enhance privacy in an era where personal data is increasingly vulnerable to misuse.
National Bank Financial upgraded Thomson Reuters to "outperform," while Scotiabank raised its price target to $187. However, StockNews.com downgraded it to "sell." The stock has an average rating of "Hold" with a consensus target price of $175.20. Thomson Reuters reported a quarterly EPS of $0.80, exceeding estimates, and announced a dividend increase to $0.54, reflecting a 1.33% yield.
The New York Attorney General's investigation revealed significant data protection failures at Albany ENT, leading to a $1 million penalty and mandated security enhancements, including encryption and multi-factor authentication. Meanwhile, the SEC charged four companies for misleading cybersecurity disclosures related to the SolarWinds breach, resulting in civil penalties ranging from $990,000 to $4 million. Additionally, T-Mobile settled multiple data breach cases with the FCC for $31.5 million, addressing incidents affecting millions of customers.
UBS reported a profit of $1.43 billion for Q3 2024, significantly surpassing expectations of $740 million, driven by cost-cutting and high transaction volumes. The bank is ahead of schedule in its $13 billion cost reduction plan following the Credit Suisse takeover, with plans to cut around 7.5 billion by year-end. Despite challenges in the global economy and geopolitical tensions, UBS remains optimistic, having attracted $25 billion in new wealth management inflows during the quarter.
U.S. equity funds attracted $20.08 billion in net inflows for the week ending October 16, driven by strong bank earnings and optimism over a potential Federal Reserve rate cut. The financial sector saw the highest inflows in three months at $1.17 billion, while bond funds received $9.78 billion, marking their largest weekly inflow in the same period. Conversely, money market funds experienced $11.79 billion in net sales, the first outflow in four weeks.
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Deutsche Bank proposes Kirsty Roth and Klaus Moosmayer for supervisory board
Novartis AG
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16:06 31.03.2025
deutsche bank proposes new supervisory board members ahead of annual meeting
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15:56 31.03.2025
deutsche bank announces new supervisory board members and dividend increase for 2024
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15:53 31.03.2025
legal challenges mount against sec amid shifting crypto enforcement landscape
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22:33 06.01.2025
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