|Bid||12.200 x 21500|
|Ask||12.210 x 29200|
|Day's Range||12.180 - 12.355|
|52 Week Range||10.360 - 20.230|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
ASSIGNMENTS: Custodial Receipts (Deutsche Bank), Custodial Receipts US$ 53.70M 5.50% Ser. 2018-XF1072A due 2048 ...A3 (Deutsche Bank AG/ Letter of Credit - Standby) Custodial Receipts (Deutsche Bank), ...
BaFin, the German financial watchdog, has announced the appointment of a special advisor to oversee whether Deutsche Bank takes effective measures to stop illegal money transfers. Deutsche Bank's share price is down about 35 percent since the start of the year. German regulators have ordered Deutsche Bank DBK-DE to take internal actions to prevent money laundering, a few weeks after a scandal erupted in Danske Bank.
Germany’s financial watchdog ordered Deutsche Bank AG to bolster its controls to prevent money laundering in a public reprimand Monday that comes amid a growing focus on European lenders’ progress policing financial crime. The BaFin, or Federal Financial Supervisory Authority, cited Germany’s federal money-laundering and banking acts in assigning Deutsche Bank an internal monitor as part of the order, which took effect Sep. 21. The regulator provided little detail in demanding “measures to prevent money laundering and terrorist financing,” in a notice on its website.
Deutsche Bank AG is open to a merger once the lender has boosted its profitability over the next 18 months, Chief Executive Officer Christian Sewing said. “We have a very clear plan to remain a global bank, but we have to work on profitability now,” Sewing said Monday at an event in Berlin. “If that happens, we can talk about other things,” he said in response to a question about a possible deal with Commerzbank AG.
BERLIN (Reuters) - Deutsche Bank's (DBKGn.DE) chief executive on Monday dampened speculation of a possible merger, saying the bank must focus on its homework for the time being. CEO Christian Sewing said ...
FRANKFURT, Germany (AP) — Germany's financial regulator has ordered Deutsche Bank to install a special monitor to oversee the implementation of safeguards against money laundering.
Germany's financial watchdog has ordered Deutsche Bank to do more to prevent money laundering and "terrorist financing," and has appointed a third party to assess progress. BaFin said on Monday this was the first time it had made such an appointment at a bank related to money laundering. European regulators are stepping up their scrutiny of banks' dealings with their customers following a series of scandals.
Germany's financial watchdog has ordered Deutsche Bank to do more to prevent money laundering and "terrorist financing," and has appointed a third party to assess progress. BaFin said on Monday this was the first time it had made such an appointment at a bank related to money laundering. The head of Danske Bank resigned last week after Denmark's biggest bank said an investigation had shown that many of the 200 billion euros ($236 billion) of payments through its small Estonian branch were suspicious.
Three years ago, Deutsche Bank AG pledged to improve internal controls to avoid a repeat of fines that had eroded earnings and damaged trust. In the latest reprimand, the German markets regulator on Monday said it ordered Deutsche Bank to improve money-laundering and terrorism-financing controls, and took the unprecedented step of appointing a monitor to oversee the efforts. The move is a reminder of the scale of the challenges Deutsche Bank faces in improving compliance and oversight of its businesses after spending some $17 billion on fines for misconduct and to resolve other legal claims over the past decade.
German financial regulator BaFin has ordered Deutsche Bank to take action to prevent money laundering and terrorism financing, appointing an independent auditor to check the lender’s progress for the next three years. BaFin said on Monday it had selected Deutsche’s regular auditor KPMG for the task and gave it a 36-month mandate to monitor and report back. The decision comes one year after Germany’s largest lender agreed to pay $630m to settle US and UK investigations into the alleged laundering of $10bn of assets by Russian clients.
Germany’s government would favor a tie-up of Deutsche Bank AG and Commerzbank AG according to people involved in the discussions. Bloomberg's Birgit Jennen reports on "Bloomberg Markets: European ...
A former Deutsche Bank AG trader who was responsible for submitting the company’s daily borrowing rates -- combined with those of other banks to calculate the Libor benchmark -- said he would often alter the figure at the request of other traders to benefit their own positions. James A. King took the stand Thursday in New York on the second day of a trial of Matthew Connolly and Gavin Black, former Deutsche Bank traders who are charged with conspiring to manipulate Libor from 2004 to 2011 to boost profits on particular trades and increase their own bonuses. King, who testified for the government as part of a deal in which he won’t be prosecuted, explained how traders often asked him to raise or lower the submission to help their own positions -- including Black, who sat nearby in the bank’s London office and could simply turn around and ask him to change it.
Lawyers for two former Deutsche Bank AG traders charged with manipulating Libor are hammering home a central theme of their defense -- that there were no hard and fast rules on how banks were supposed to make their rate submissions during the time they are accused of rigging the benchmark. During their cross-examination of the government’s first witness, Dartmouth College economics professor Thomas Youle, the defense lawyers quickly turned to questions about the British Banking Association’s rules for Libor submissions. The former traders, Matthew Connolly and Gavin Black, have maintained that there were no clear rules on what factors could be considered while making submissions until June 2008, three years after Connolly left Deutsche Bank, and that banks weren’t prohibited from considering their own derivative tradings positions while submitting rates until April 2013.
Deutsche Bank (DB) remains on track to offload unprofitable business and focus on core operations in order to improve financials.
Deutsche Bank has poached data specialist David Gleason from JPMorgan Chase in an attempt to better monetise the lender’s vast store of client and transaction data. Mr Gleason is joining Germany’s largest lender as chief data officer for global transaction banking, according to an internal memo seen by the Financial Times. “This is a new role that underscores the enormous opportunity we have in front of us when it comes to leveraging the vast amount of data our systems produce every day for client, internal and regulatory purposes,” Thomas Nielsen, chief digital officer of Deutsche Bank’s transaction bank, wrote in a note to the bank’s staff.
The S&P 500 and Dow Jones Industrial Average hit record highs as Wall Street joined a global stock market rally largely driven by the view that the latest trade tariffs imposed by the US and China were likely to inflict less economic damage than many had feared. The latest record highs for US stocks came as the dollar index hit its lowest level for 10 weeks, marking a 3.2 per cent retreat from a 15-month high struck in August. The 10-year Treasury yield edged back slightly — in line with moves for most European bonds — but held well above 3 per cent, and was still up more than 20 basis points since the start of the month.
A senior investment banker at Deutsche Bank AG recommended earlier this year that the troubled German lender consider breaking itself up, and other long-term strategic options, to address its persistent competitive weaknesses, according to people familiar with the matter. The proposal came from Charlie Dupree, Deutsche’s head of mergers and acquisitions in the Americas before he left for JPMorgan Chase & Co. in June. His analysis, produced with other bankers over several months, was for internal purposes and wasn’t intended to be made public, according to the people. In April, Mr. Dupree shared his conclusions with Deutsche Bank’s chief financial officer, James von Moltke. The finance chief considered the analysis well-intended but superficial, a person familiar with his feedback said.
Bank of Montreal has a acquired a portfolio of about $3 billion in energy loans from Deutsche Bank AG. "We are one of the leading energy investment banks in North America and we got there by continuously investing in our franchise to support our clients -- including by growing our lending portfolio with this acquisition," John Armstrong, deputy head of investment banking at BMO Capital Markets, said in an emailed statement. The book comprises investment-grade and subprime revolving credit lines to oil and gas companies.
Goldman Sachs has vaulted past Citigroup to reclaim the second spot in the benchmark ranking of the world’s biggest investment banks by revenue, setting the scene for Lloyd Blankfein to bow out of the ...
A group of the world’s leading energy traders and banks is looking to shake up the centuries-old trade finance industry with the launch of two new platforms underpinned by blockchain technology. “Blockchain technology will answer the needs of key participants in commodity trading by improving efficiency and security,” said Souleima Baddi, chief executive of Komgo, which will focus on commodity trade financing by digitising the lenders’ customer identification documents as well as electronic letters of credit.
Mr Chen’s son, Daniel Chen, has been elected to the HNA Group board of directors, the company announced on Tuesday. The company also said Dennis Chen, nephew of the 65-year-old chairman, has been named vice-president of the group.
’s battered reputation among German family-owned businesses is sometimes too much even for Stefan Bender. A Deutsche lifer, the 49-year-old Mr Bender was named “Mr Mittelstand” in 2015, charged with seizing market share with the small and medium-sized companies that are the bedrock of the German economy.
Deutsche Bank AG’s largest investor is on the way out. The stake owned by heavily-indebted Chinese conglomerate HNA Group Co. may dribble back into the market or, according to one recent report, be sold to another investor. How HNA executes its retreat will have big implications for Deutsche Bank.