Daily Management Review
Business & Finance

IMF Chief says Deutsche Need Deal on Fine and Gives the Bank Tough Advice

Saying Germany's biggest lender needed to reform its business model and rapidly reach a deal with U.S. regulators over a potentially huge fine, IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday.   While sources said Germany's financial watchdog had found no...

IBM invests $ 200 million in the Internet of Things

IBM invests more than $ 200 million in opening of a new global headquarters for a business unit called Watson Internet of Things (IoT) in Munich. Watson IoT develops new IoT solutions for blockchain and security technologies. In addition, IBM named a number of customers and partners that would...

Aston Martin will Lead with Ultra-Luxury Electric Vehicles, Forget Tesla: CEO

While there is a hype surrounding the great race for electric vehicle and as dominance in that market took center stage at the Paris Motor Show this week, not everyone agrees with the hype.    The road to fully-fledged electrification will be a long one, believes Andy Palmer, chief...

U.S. Senator Claims Wells Fargo Account Scandal Extends to Small Business: Reuters

Questions about the scope Wells Fargo & Co's issues with unauthorized accounts were raised as, according to a U.S. lawmaker, the scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, reported Reuters.   A "full accounting" of...

Tesla Motors set a sales record in the III quarter

In the III quarter, American carmaker Tesla Motors Co. sold 24.5 thousand electric vehicles, which is 70% more than in the II quarter, and twice more than in the III quarter of 2015 (11.58 thousand cars). The last quarter was a record for Tesla in terms of sales. In III quarter, the company sold...

After CEO Reassures on Stability, Share of Deutsche Recover

After fears over its stability sent tremors through global financial markets, assurances that Germany's largest lender remains robust was given by Deutsche Bank's chief executive sought to reassure his staff on Friday.   After being handed a demand for up to $14 billion earlier in September...

$6.7 Billion Qatar Air Deal for 787, 777 Nearing, Said Boeing

Following U.S. approval of a long-stalled sale of F-15 fighter jets to the Persian Gulf nation, Boeing Co. is nearing an agreement with Qatar’s flagship airline for a multibillion-dollar commercial jet order.   People, who asked not to be identified because the talks are private,...

Deutsche Bank is increasingly resembling Lehman Brothers

Eight years ago, the markets were in panic as Lehman Brothers collapsed. Now, there is a real threat of a repeat, only this time with participation of the largest German bank - Deutsche Bank. In any case, this is what market participants fear. Shares of the financial giant has once again updated...

C.E.O Of Wells Fargo To Surrender ‘$41m’ For Being Involved In The Fake Account Scandal

The U.S. bank faces a tough month from financial angle. The Wells Fargo’s C.E.O Stumpf will be losing his “$41m” compensation amount following the “fake account scandal” of the U.S. bank.   The ex-head of “community-banking, now retired, Carrie Tolstedt, will also be affected in her pay, for...

The Number Of Facebook’s Advertisers Have Gone Up To ‘4 Million’

Facebook reaches another record mark in its advertisers’ clientele base. Facebook hits “4m” advertisers’ record through its site as well as mobile app, whereby they reported an increment of thirty three percent in the same number within the period of “last seven months”.   Many small...
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