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  • Deutsche Bank criticised over Libor

    FRANKFURT: Britain’s financial regulator has harshly criticised Deutsche Bank’s top management for failing to cooperate in its probe of the rigging of benchmark interest rate Libor, German magazine Der Spiegel said on Saturday...

    Britain’s Financial Conduct Authority (FCA) wrote a letter saying that Deutsche Bank’s behaviour was unacceptable, the magazine said, adding that Deutsche Bank’s board discussed the letter...

  • Deutsche Bank to fight $14bn demand from US authorities

    FRANKFURT: Deutsche Bank said it would fight a $14 billion demand from the US Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s largest lender...

    The claim against Deutsche, which is likely to trigger several months of talks, far exceeds the bank’s expectations that the DoJ would be looking for a figure of only up to 3bn euros ($3...

  • Deutsche Telekom attack part of global campaign on routers

    A cyber attack that infected nearly 1 million routers used to access Deutsche Telekom internet service was part of a campaign targeting web-connected devices around the globe, the German government and security researchers said on Tuesday...

    "It was a global attack against all kinds of devices," said Dirk Backofen, a senior Deutsche Telekom security executive...

  • German police raid Deutsche Bank in 'Panama Papers' probe

    German prosecutors raided several Deutsche Bank offices in the Frankfurt area on Thursday over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak...

    Frankfurt prosecutors said they were investigating allegations that Germany's biggest lender helped clients set up offshore companies in tax havens to "transfer money from criminal activities" to Deutsche Bank accounts...

  • Search of Deutsche Bank offices continues in German 'Panama Papers' probe

    German authorities are continuing to search offices of Deutsche Bank as part of an investigation into suspicion that some employees helped set up offshore companies that were used to launder hundreds of millions of euros...

    In a statement issued on Thursday, Deutsche Bank confirmed the search and said "the investigation has to do with the Panama Papers case"...

  • ‘Lums seminar’ on Balochistan held in Islamabad

    ISLAMABAD: “There were dead bodies found in Balochistan with Pakistan Zindabad carved into their skins,” Mir Mohammad Ali Talpur said on Saturday, at a seminar which had to be relocated to a different city for it to be held...

    While it was finally held at Kuch Khaas in Islamabad on Saturday, M...

  • Four ‘target killers’ from Karachi held in Islamabad

    ISLAMABAD: Four men allegedly involved in incidents of target killings in Karachi and robberies in the federal capital have been arrested here, Dawn has learnt through reliable sources...

    Know more: Contract killers to be arrested in next phase of Karachi operationThe arrests were made during an investigation into some incidents of robbery in Islamabad, most of them taking place outside banks and involving people who had drawn cash...

  • Moral brigade active in Islamabad again

    ISLAMABAD: Are they back – the moral brigades that blackened the faces of women on advertisement boards in 2007?At least that is what people feared when they found bared arms and faces of models on billboards defaced in Super Market during Eid shopping spree...

    “Islamabad has no culture of hooliganism...

  • Islamabad’s traders refuse to close shop early

    ISLAMABAD: Terming the government’s decision to close markets early ‘illogical’, the traders of the federal capital announced on Sunday that they would not comply...

    Addressing a press conference here at the National Press Club, representatives of the traders union and Islamabad Chamber of Commerce and Industry (ICCI) announced that markets and shops will remain open late into the night, as government’s decision, in its current form,...

  • Mexico to reopen its embassy in Islamabad

    ISLAMABAD: Mexico is reopening its embassy in Islamabad after a break of about six years as the Latin American country seeks to reinvigorate its ties with Pakistan...

    Mexico’s Ambassador to Iran Ulesis Canchola, who is also accredited to Pakistan, in a meeting with Chairman of National Assembly’s Foreign Affairs Committee Awais Leghari said: “Mexico was in middle of the process to reopen its embassy in Islamabad which closed in 2009...

  • What happened to the Islamabad Metropolitan Corporation?

    ISLAMABAD: Even as the ascension of Sadiq Khan, the new London mayor of Pakistani-descent, is celebrated by his compatriots, there seems to be little worry that their own local governments, which were elected amid much pomp and circumstance last year, have not even started working yet...

    His mistrust is not completely misplaced: the federal government has failed to transfer assets and responsibilities from the Capital Development...

  • A culture of greed: How CDA is destroying Islamabad's environment

    The Capital Development Authority (CDA) in Islamabad has recently announced plans to expand the Islamabad Highway (from Zero Point to Rawat) to five lanes on each side, felling around 300 fully-grown trees in the process...

    Also read: City to lose 620 trees for Orange Line train“Unfortunately, awareness about the environment is limited at the popular level and at the level of political parties,” argues Senator Mushahid Hussain, who...

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