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The worst global recession since World War II: Deutsche Bank just unveiled a bleak new forecast as coronavirus rocks economies worldwide

The firm attributed its estimates to coronavirus' rapid spread throughout Europe and the US and the faster-than-expected plunge in economic activity.

These are the 5 biggest bombshells from The New York Times’ report on Trump’s money and Deutsche Bank

While numerous banks viewed Trump's past bankruptcies as a sign to steer clear, Deutsche Bank used him and his business empire to rapidly grow.
BERLIN, GERMANY - FEBRUARY 09: People walk past a branch of Deutsche Bank on February 9, 2016 in Berlin, Germany. Shares of Deutsche Bank rose 16% on the Frankfurt stock exchange on February 10 following rumours the bank may announce a bond buy-back initiative. (Photo by Sean Gallup/Getty Images)

Deutsche Bank rallies the most in nearly 4 years after nabbing a major investment

Capital Group revealed a 3.1% stake in the bank in Frankfurt on Thursday, Bloomberg reported, becoming Deutsche Bank's third-largest shareholder.
BERLIN, GERMANY - FEBRUARY 09: People walk past a branch of Deutsche Bank on February 9, 2016 in Berlin, Germany. Shares of Deutsche Bank rose 16% on the Frankfurt stock exchange on February 10 following rumours the bank may announce a bond buy-back initiative. (Photo by Sean Gallup/Getty Images)

Deutsche Bank had Trump’s tax returns going back to 2011 but now denies possessing them, a new book says

Trump has broken with decades of precedent in refusing to release his tax returns, and speculation has centred on what they contain.
Four cities in California made the list.

The 25 most expensive cities around the world to rent a two-bedroom apartment

Hong Kong is the world's most expensive city to rent in, while San Francisco is the most expensive in the US. See how much it costs to rent worldwide.

Apple is ‘unlikely’ to repeat its 89% leap from 2019 in the new year, Deutsche Bank says

Uncertainties around 2020 iPhone demand, tariff risk, and a lofty valuation will keep shares from a continued surge, Deutsche Bank's analysts wrote.
Piers Constable (pictured) wakes up at 5 a.m. every day to work out, whether he's traveling or home in New York.

A day in the life of a Deutsche Bank managing director, who wakes up at 5:00 a.m., spends 10 days of the month traveling, and works out twice a day ev...

Piers Constable, a New York City-based managing director at Deutsche Bank, spends up to 10 days out of the month traveling for work.

Deutsche Bank reportedly sells $50 billion worth of assets to Goldman Sachs as part of major overhaul

The assets were reportedly held in the German lender's wind-down unit, an area of the bank meant to offload unwanted assets.

Deutsche Bank says robots are already replacing workers as it ramps up a plan to axe 18,000 jobs

The use of AI “massively increased productivity” while robots performed "680,000 hours of manual work," a Deutsche Bank executive told Financial News.

Deutsche Bank tumbles on a disappointing quarterly loss after the ‘necessary evil’ spending on a massive overhaul

The stock tanked 6.5%. The bank is spending more to axe 18,000 jobs and as part of a major restructuring. "Bond trading is about all it has left."