- Reuters•6 hours ago
Deutsche Bank is considering a partial initial public offering of its asset management unit as part of an overhaul following its record payout over toxic mortgages in the United States, several people close to the matter said on Tuesday. Deutsche Bank declined to comment. According to analysts, Deutsche Bank may see its asset management arm, which includes its mainstay DWS retail asset management brand, valued at 8 billion euros in a potential IPO.
The proposed class-action lawsuit sought to recover "significant monetary damages" arising from Deutsche Bank's alleged "failure to discharge its essential duties" as trustee of 62 trusts created between 2004 and 2008, and which issued notes backed by about $90.3 billion of home loans. In a docket entry, U.S. District Judge Jesse Furman in Manhattan granted Deutsche Bank's bid to dismiss conflict-of-interest claims but denied its request to dismiss representations-and-warranties, servicer-notification and event-of-default claims.
- Investopedia•4 days ago
In its constant effort to cut costs and drive profitability higher, HSBC is now pondering letting 100 executive bankers go from the firm.
DB : Summary for Deutsche Bank AG Common Stock - Yahoo Finance
Deutsche Bank AG (DB)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||19.42 - 19.96|
|52 Week Range||11.19 - 20.70|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-13.63|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|