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Deutsche Bank has appointed Raja Akram, previously Deputy CFO at Morgan Stanley, as its new Chief Financial Officer, effective October 1. Akram, who has a strong background in finance and leadership roles, will succeed James von Moltke and join the management board on January 1, 2026. This transition is part of the bank's broader management restructuring aimed at enhancing its growth strategy.
Japan's GDP per capita is projected to plummet from 29th to 45th globally by 2075, with real GDP expected to grow to $4.4 trillion but drop its global ranking from fourth to 11th. Contributing factors include a declining population, low fertility rates, and limited benefits from AI advancements, necessitating urgent labor reforms to boost productivity. Meanwhile, emerging markets like India are set to rise significantly, with BRICS nations projected to surpass the US in total GDP by 2075.
Santander Private Banking has been recognized as the Best International Private Bank in multiple Latin American countries, including Argentina, Brazil, and Mexico, by Euromoney. The bank also excelled in discretionary portfolio management and services for High Net Worth Individuals across various regions. With nearly 500 billion euros in assets under management and a significant profit increase, Santander continues to emphasize customer focus and innovation in its global operations.
Deutsche Bank has appointed Raja Akram, formerly deputy CFO at Morgan Stanley, as its next CFO, effective October 1, 2025. He will succeed James von Moltke, who has been CFO since 2017, as part of a leadership transition aimed at solidifying the bank's operations and preparing for future growth. CEO Christian Sewing's contract has also been extended through April 2029, emphasizing continuity during this strategic shift.
Alcoa Corporation operates as a vertically integrated aluminum company, involved in bauxite mining, alumina refining, aluminum production, and energy generation. Its operations include a global refining system that converts bauxite into alumina and a smelting system that produces primary aluminum, serving both internal and external customers. The company also manages a joint venture focused on bauxite mines and alumina refineries.
Deutsche Bank warns that the Federal Reserve's potential withdrawal of its liquidity backstop could jeopardize the dollar's status as a reserve currency, marking the most significant risk since World War II. Concerns about the reliability of Fed swap lines may prompt global de-dollarization, especially among Western allies, as countries like China and Russia continue to reduce their reliance on the US financial system. The Fed's role as the world's lender of last resort is crucial, and any hesitation to provide liquidity could lead to increased demand for dollars and destabilize US asset markets.
Deutsche Bank warns that the Federal Reserve's potential withdrawal of its liquidity backstop could jeopardize the dollar's status as a reserve currency, marking a significant risk since World War II. Informal discussions among European officials suggest concerns over the reliability of Fed swap lines, which allow global institutions to borrow dollars during financial stress. Such fears could drive a shift towards de-dollarisation among America's Western allies, especially if the Trump administration influences the Fed's actions.
The upcoming Mais Medicos bidding process highlights six key aspects crucial for stakeholders in Brazilian education, focusing on margin expectations, investment needs, and project timelines. Tuition fees for first-year students are projected to be lower than the national average, with anticipated EBITDA margins exceeding 40%. Institutions will be evaluated on proposal merit and regulatory experience, with significant developments expected by 2027 as projects progress to construction.
Elon Musk has regained his title as the world's richest person, with a net worth of $420 billion, driven by a surge in Tesla's stock price. Meanwhile, Brazil has decided to postpone a tax proposal on major tech firms, focusing instead on legislation to regulate competition among digital platforms, amid concerns over U.S. trade relations and potential tariff implications from President Trump's policies.
BYD aims to boost its overseas electric vehicle sales to over 800,000 units by 2025, as stated by chairman Wang Chuanfu. To mitigate tariff issues, the company plans to assemble vehicles locally while sourcing key components from China and is expanding into markets like Latin America, Southeast Asia, and Britain. Factories are being established in Brazil, Thailand, Hungary, and Turkey, but BYD will not enter the US or Canada due to tariffs.
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Deutsche Bank appoints Raja Akram as new chief financial officer
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Deutsche Bank appoints Raja Akram as new chief financial officer
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fears over fed backstop could undermine dollar's reserve currency status
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Elon Musk regains title of world's richest amid global tech tax debates
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