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Austria Struggles to Identify Migrants’ Bodies

Veteran police investigators say they have never faced a task like identifying the 71 bodies of would-be refugees unloaded from the back of a truck found abandoned along a highway last week.

Chinese Navy Ships Operating in Bering Sea Off Alaska Coast

Five Chinese navy ships are currently operating in the Bering Sea, off the coast of Alaska, the first time the U.S. military has seen such activity in the area. 342

Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 1406

Why Americans Are Going Abroad for an M.B.A.

Propelled in part by a strong U.S. dollar, more U.S. students are heading across the pond for a business degree.

Tsipras Moves Greece Past Austerity Debate

Greeks can now have a conventional political debate on the choices needed to hit its bailout targets.

Brooks to Lead News Corp’s U.K. Arm

News Corp said Rebekah Brooks will become CEO of its News UK arm, returning to the post she resigned in 2011 amid the phone-hacking scandal at now-defunct tabloid the News of the World.

Masked Gunmen Kidnap 18 Turkish Workers in Baghdad

Identities of gunmen in early-morning raid on sports stadium weren’t immediately known, as Turks in Iraq seized for a second time in the past year.

Huawei Rings in Changes to Challenge Samsung

For years, Samsung Electronics has been the world’s smartphone leader, but its global dominance appears to be increasingly under attack from fast-growing Chinese rival Huawei Technologies.

Volkswagen Extends CEO Martin Winterkorn’s Contract

German car maker Volkswagen said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.

Tesco Closer to $7 Billion South Korea Deal

U.K. retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations in a deal that could be worth up to $7 billion.

Shell, Exxon Must Pay Groningen Quake Compensation

A Dutch court ruled that Royal Dutch Shell and Exxon Mobil must compensate homeowners for a drop in house prices caused by earthquakes linked to production at the Groningen gas field.

Elves, Ninjas, Currency Power Lego Earnings

Lego said its 31% jump in first-half profit and 23% rise in revenue was fueled by strong sales of its Ninjago and Elves sets, but also by the weakness of the Danish krone and the euro.

Malaysian Fund 1MDB Has Tens of Millions of Dollars Frozen

Swiss authorities said they had frozen funds worth tens of millions of dollars linked to 1Malaysia Development Berhad as part of an investigation into alleged corruption.

The Moment When Humans Matter

A string of messy market openings in recent weeks has reinvigorated a debate about ‘Rule 48’ and the relative effectiveness of humans in the stock trade.

Heard on the Street

Slumping Commodities Force Glencore to Make a Tough Trade

Glencore is under fire because of its high debt levels relative to mining peers. It can free up cash in its trading business, but that raises the risk of denting its earnings power.

Heard on the Street

Small U.K. Banks Show Big Rivals How To Travel Light

Picture a life without the baggage of the past. In the U.K., smaller banks are showing established rivals how that could be.

At Least 22 Killed in Suicide Bombings at Mosque in Yemen

A pair of suicide bombings killed a least 22 people Wednesday at a mosque in San’a, just hours after a gunman killed two Red Cross workers.

The Iran Nuclear Deal Explained

Iran has reached a historic agreement with major world powers over its nuclear program. Here are the main points of the pact, and what supporters and critics are saying.

Police: Main Bangkok Bombing Suspect Is Uighur

A senior Thai police investigator said for the first time that the main suspect in the deadly bombing at a Bangkok shrine last month is believed to be a member of China’s Uighur ethnic minority.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

Bush Takes Gloves Off, Attacks Trump Directly

After weeks of enduring rival Donald Trump’s attacks, Jeb Bush released an Internet video aimed at trying to muscle his way back to the front of the pack and undermine the celebrity businessman’s fitness to be the GOP standard-bearer. 450

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 185

Joe Biden’s Florida Trip Draws Campaign-Level Attention

Vice President Joe Biden received full-court national attention for an otherwise routine visit to Miami Dade College on Wednesday, with dozens of television cameras, photographers and reporters there to cover his roughly 30 minutes of remarks.

Search Continues for Three Suspects After Illinois Policeman Killed

As a small northern Illinois community mourned a popular veteran police officer who was fatally shot while on duty, authorities scoured the area overnight in search of three men wanted in his slaying. 58

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes. 54

Video

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34

Kentucky Clerk Defies Supreme Court on Gay Marriage

1:41

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

WSJ. Magazine

Robert Redford: From Sundance Kid to Hollywood Legend

The legendary actor is as busy as ever, with starring roles in the film adaptation of Bill Bryson’s ‘A Walk in the Woods’ and in the forthcoming drama, ‘Truth.’

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Ein Anflug von Kulturwandel

Getty Images
Stecken die Köpfe zusammen: Jürgen Fitschen uand Anshu Jain, die beiden Chefs der Deutschen Bank.

Drei rechts, drei links und in der Mitte das Führungsduo – das ist die neue Sitzverteilung bei der Jahrespressekonferenz der Deutschen Bank. Vorbei sind die Zeiten, als Josef Ackermann alle Blicke auf sich zog und das Rampenlicht alleine genoss, während der restliche Vorstand kaum zu Wort kam. Jetzt wird geteilt.

Nach einem Lächeln für die Fotogalerie geht es selbstkritisch los, denn die jüngsten Zahlen der Bank laden nicht gerade zum Strahlen ein. Zudem will man ja den Kulturwandel verkaufen. Also ist alles eine Spur gedämpfter als beim Vorgänger, dessen Erbe noch immer spürbar ist – besonders bei den Problemen, die das Duo zu bewältigen hat.

Und so merkt man den beiden Chefs Jürgen Fitschen und Anshu Jain die Anspannung an, als sie sich durch ihre Reden arbeiten – mit ernster Miene, hoch konzentriert. Fitschen hat seine Brille auf die Mitte seiner Nase gerückt und schaut ab und zu über den oberen Brillenrand in die Runde. „Ein kultureller Wandel ist zwingend erforderlich“, erklärt er mit fester Stimme. Jain mit dem Übersetzungsknopf im Ohr nickt zustimmend.

Ebenso genau werden die Fragen der Journalisten abgearbeitet – wenn auch einige unbeantwortet bleiben. Trotzdem: Das Management übt sich in neuer Offenheit. Beobachter erleben das Führungsduo in Aktion. Regelmäßig stecken beide die Köpfe zusammen – begleitet vom Blitzlichtgewitter der Fotografen.

Zumeist ist es Jain, der die Fragen an den Vorstand verteilt – nach Rücksprache mit Fitschen. Die nonverbale Botschaft ist klar. Hier agiert ein Team, das den beiden Hauptdirigenten folgt. Nur einmal kommt es zu einem kleinen Patzer. Da ist Finanzvorstand Stefan Krause so in seinem Element, dass er direkt auf eine Frage antworten möchte. Er schaltet sein Mikro ein, setzt an, um dann etwas verschämt nachzuhaken, ob er denn wirklich antworten solle.

Mit dieser Episode ist das Eis gebrochen, denn Fitschen und Jain lächeln Krause aufmunternd zu. Zudem ist das Ende der Veranstaltung absehbar, und die Vorstände werden sichtlich lockerer.

Ackermann hätte die Jahresshow sicherlich ganz anders geschmissen. Natürlich mit dem nötigen Quäntchen Reue, dafür dass im vierten Quartal unterm Strich Verluste von fast 2,2 Milliarden Euro stehen. Aber er hätte der Veranstaltung trotzdem den gewissen Glamour verliehen mit seinem Strahlemann-Lächeln.

Fitschen und Jain sind da anders: Sie wirken unprätentiös, fast lässig. Sie wollen nicht strahlen, sondern vermitteln, dass der Grundstein für einen kulturellen Wandel bei der Deutschen Bank endlich gelegt ist. Noch mag ihnen das keiner abnehmen, denn die Schlagzeilen der vergangenen Wochen zeichnen ein anderes Bild.

Zumindest an die Adresse ihrer Mitarbeiter geht ein eindeutiges Signal: Entweder Ihr identifiziert Euch mit unserem Kulturwandel, oder Ihr könnt gehen. Bis diese Botschaft bei einer Bank mit knapp 100.000 Mitarbeitern wirklich angekommen ist, wird es bestimmt noch eine Weile dauern. Aber die Konzernspitze versichert, sie sei bereit, „den unbequemen Weg der Veränderungen weiter zu gehen“.

Fitschen und Jain müssen hoffen, dass Deutschlands größte Bank in den nächsten Monaten von Skandalen und Durchsuchungen weitgehend verschont bleibt, damit ihnen der Wandel auch von außen abgekauft wird. Bislang steht der Kulturwandel wohl noch hauptsächlich auf dem Papier.

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Die Seite Drei – Über uns

  • Schnell und kurz bringt „Die Seite Drei“ Einschätzungen, Hintergründe und Ergänzungen zu den Berichten des Wall Street Journal Deutschland. Hier bloggt die ganze Redaktion.

    Hinweise zu Themen, Anregungen und Ihre Fragen nehmen wir unter redaktion@wallstreetjournal.de entgegen.

The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Austria Struggles to Identify Migrants’ Bodies

Veteran police investigators say they have never faced a task like identifying the 71 bodies of would-be refugees unloaded from the back of a truck found abandoned along a highway last week.

Chinese Navy Ships Operating in Bering Sea Off Alaska Coast

Five Chinese navy ships are currently operating in the Bering Sea, off the coast of Alaska, the first time the U.S. military has seen such activity in the area. 342

Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 1406

Why Americans Are Going Abroad for an M.B.A.

Propelled in part by a strong U.S. dollar, more U.S. students are heading across the pond for a business degree.

Tsipras Moves Greece Past Austerity Debate

Greeks can now have a conventional political debate on the choices needed to hit its bailout targets.

Brooks to Lead News Corp’s U.K. Arm

News Corp said Rebekah Brooks will become CEO of its News UK arm, returning to the post she resigned in 2011 amid the phone-hacking scandal at now-defunct tabloid the News of the World.

Masked Gunmen Kidnap 18 Turkish Workers in Baghdad

Identities of gunmen in early-morning raid on sports stadium weren’t immediately known, as Turks in Iraq seized for a second time in the past year.

Huawei Rings in Changes to Challenge Samsung

For years, Samsung Electronics has been the world’s smartphone leader, but its global dominance appears to be increasingly under attack from fast-growing Chinese rival Huawei Technologies.

Volkswagen Extends CEO Martin Winterkorn’s Contract

German car maker Volkswagen said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.

Tesco Closer to $7 Billion South Korea Deal

U.K. retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations in a deal that could be worth up to $7 billion.

Shell, Exxon Must Pay Groningen Quake Compensation

A Dutch court ruled that Royal Dutch Shell and Exxon Mobil must compensate homeowners for a drop in house prices caused by earthquakes linked to production at the Groningen gas field.

Elves, Ninjas, Currency Power Lego Earnings

Lego said its 31% jump in first-half profit and 23% rise in revenue was fueled by strong sales of its Ninjago and Elves sets, but also by the weakness of the Danish krone and the euro.

Malaysian Fund 1MDB Has Tens of Millions of Dollars Frozen

Swiss authorities said they had frozen funds worth tens of millions of dollars linked to 1Malaysia Development Berhad as part of an investigation into alleged corruption.

The Moment When Humans Matter

A string of messy market openings in recent weeks has reinvigorated a debate about ‘Rule 48’ and the relative effectiveness of humans in the stock trade.

Heard on the Street

Slumping Commodities Force Glencore to Make a Tough Trade

Glencore is under fire because of its high debt levels relative to mining peers. It can free up cash in its trading business, but that raises the risk of denting its earnings power.

Heard on the Street

Small U.K. Banks Show Big Rivals How To Travel Light

Picture a life without the baggage of the past. In the U.K., smaller banks are showing established rivals how that could be.

At Least 22 Killed in Suicide Bombings at Mosque in Yemen

A pair of suicide bombings killed a least 22 people Wednesday at a mosque in San’a, just hours after a gunman killed two Red Cross workers.

The Iran Nuclear Deal Explained

Iran has reached a historic agreement with major world powers over its nuclear program. Here are the main points of the pact, and what supporters and critics are saying.

Police: Main Bangkok Bombing Suspect Is Uighur

A senior Thai police investigator said for the first time that the main suspect in the deadly bombing at a Bangkok shrine last month is believed to be a member of China’s Uighur ethnic minority.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

Bush Takes Gloves Off, Attacks Trump Directly

After weeks of enduring rival Donald Trump’s attacks, Jeb Bush released an Internet video aimed at trying to muscle his way back to the front of the pack and undermine the celebrity businessman’s fitness to be the GOP standard-bearer. 450

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 185

Joe Biden’s Florida Trip Draws Campaign-Level Attention

Vice President Joe Biden received full-court national attention for an otherwise routine visit to Miami Dade College on Wednesday, with dozens of television cameras, photographers and reporters there to cover his roughly 30 minutes of remarks.

Search Continues for Three Suspects After Illinois Policeman Killed

As a small northern Illinois community mourned a popular veteran police officer who was fatally shot while on duty, authorities scoured the area overnight in search of three men wanted in his slaying. 58

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes. 54

Video

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34

Kentucky Clerk Defies Supreme Court on Gay Marriage

1:41