A surge in jet fuel prices, driven by geopolitical tensions in Iran, is exerting financial pressure on airlines, potentially leading to fewer flights and higher ticket prices. Deutsche Bank reports that low-cost carriers may struggle more than full-service airlines due to their reliance on price-sensitive travelers. Concurrently, staffing disruptions at airports, exacerbated by a Department of Homeland Security funding lapse, are causing significant delays, especially as airlines anticipate a record 171 million travelers during the spring season. The combined effects of rising fuel costs and federal staffing issues may impact travel plans and costs, notably for Houston-area travelers on long-haul and international routes.

Deutsche Bank says it would cut 3,500 jobs as part of efforts to slash costs by about $2.7 billion through next year.

A Deutsche Bank executive says the bank followed its own guidelines — which include independently verifying information — when deciding to lend Donald Trump’s company hundreds of millions of dollars.

A retired bank official has testified that Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent.

Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client.

Shares in Deutsche Bank, Germany’s largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market.

European Union leaders are playing down the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy.

Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim they helped Jeffrey Epstein abuse young women and maintain his sex-trafficking ring.

Anshu Jain, a fomer co-CEO of Deutsche Bank, has died, according to a statement by his family on Saturday.

Deutsche Bank subsidiary DWS says its chief executive is resigning after authorities raided its offices as part of a probe into claims that the company exaggerated the sustainable credentials of some of the financial products.

Authorities in Germany raided the offices of Deutsche Bank and its subsidiary DWS on Tuesday following claims that it was exaggerating the sustainable credentials of some of the products it sold.

Deutsche Bank says it reaped its best annual profit in 10 years last year.

Deutsche Bank has seen its net profit increase 6%, to 329 million euros, in the third quarter despite a sharp increase in restructuring costs.

Asian shares were mostly higher on Tuesday despite a sell-off in technology companies on Wall Street. (AP Photo/Kin Cheung)TOKYO – Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines is raising hopes for a recovery from the pandemic. “Equity investors are finally paying attention to the bond market,” said Mike Zigmont, director of trading and research at Harvest Volatility Management. In energy trading, U.S. benchmark crude rose 76 cents to $62.46 a barrel in electronic trading on the New York Mercantile Exchange.

(AP Photo/Michael Probst)FRANKFURT – Deutsche Bank made a profit of 624 million euros ($748 million) during the pandemic year 2020 as bond trading revenues grew and the German bank met its target for cutting costs. The yearly net profit compared to a loss of 5.26 billion euros in 2019, when earnings were hit by large one-time charges. For the fourth quarter of 2021, the bank made net profit of 189 million euros. The bank reduced non-interest expenses by 15% to 21.2 billion euros and has cut costs for 12 straight quarters, management said in a statement Thursday. Revenues for the year rose 32% to 9.3 billion euros at the investment banking division, boosted by a 28% jump in trading fixed income securities and currencies.

FILE In this Oct. 4, 2020, file photo, the moon shines next to the headquarters of the Deutsche Bank in Frankfurt, Germany. Deutsche Bank has agreed to pay a fine of more than $100 million to avoid a criminal prosecution on charges it participated in a foreign bribery scheme. (AP Photo/Michael Probst, File)NEW YORK – Deutsche Bank agreed Friday to pay fines and penalties of about $130 million to avoid a criminal prosecution on charges it participated in a foreign bribery scheme to win business in Saudi Arabia. The penalties against Deutsche Bank included a criminal fine of $85,186,206 and a payment of $43,329,622 to settle a related U.S. Securities and Exchange Commission action, prosecutors said. A Deutsche Bank spokesperson, Dan Hunter, declined to comment on the specifics of the case.

LONDON – White collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren't getting the same advantages, experts at Deutsche Bank said in a new report. In its report on how to rebuild the economy after COVID-19, the bank proposed a 5% daily tax on each employee that continues to work from home, which could raise tens of billions of dollars for governments. The money could be used to help lower income workers who have taken on greater risk because their jobs can't be done remotely, it said. The tax would amount to just over $10 a day, assuming the average salary of an American working from home is $55,000. It could raise up to $48 billion in the U.S. Deutsche Bank carried out similar calculations for Germany and the U.K.

FRANKFURT – Deutsche Bank reported its third straight quarterly profit amid continuing government financial help for businesses during the coronavirus pandemic and as revenues rose at its investment bank division. CEO Christian Sewing said the bank was continuing to make progress on a long-term restructuring aimed at improving profits by shedding less profitable or riskier lines of business and cutting employee numbers. Chief financial officer James von Moltke said the government efforts to help businesses bridge the pandemic had helped. Money that had to be set aside to cover loans that aren’t being repaid increased 56% to 273 million euros in the quarter from the year-ago quarter, but fell from 761 million euros in the previous quarter. It continued to shed employees, lowering headcount to 87,000 at the end of the July-September quarter from 90,000 a year earlier.

Shares of Deutsche Bank dropped 8.3%. Deutsche Bank has been under scrutiny for years. Deutsche Bank neither admitted nor denied the allegations in the settlement. The London bank HSBC, Europe's largest acknowledged in 2012 that it had laundered at least $881 million for Latin American drug cartels. However, according to the report, HSBC continued to manage money for shady clients, including suspected Russian money launderers and a Ponzi scheme under investigation in multiple countries.