11.08 0.00 (0.00%)
After hours: 4:43PM EDT
|Bid||11.00 x 4000|
|Ask||11.10 x 42300|
|Day's Range||10.92 - 11.09|
|52 Week Range||10.57 - 20.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Coming into 2018, many traders expected the environment of rising interest rates, financial sector deregulation and a booming U.S. economy to create the perfect environment for bank stocks. Unfortunately, ...
Wirecard is hovering close to a record 158.10 euros in Frankfurt, with shares gaining for a 13th day, marking its longest rising streak since an initial public offering in October 2000. Its 19.4 billion-euro ($22.5 billion) market valuation, just 470 million euros shy of Deutsche Bank’s, also makes it a candidate to join Germany’s DAX benchmark index of the 30 largest companies as early as September, when Deutsche Boerse AG conducts its regular index review.
FRANKFURT/LONDON (Reuters) - Deutsche Bank (DBKGn.DE) has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said. Germany's flagship lender has agreed to sell a non-performing ship loan portfolio with a notional value of $1 billion (£752.5 million) to investors Oak Hill Advisors and Varde, one of the sources said. Deutsche Bank and Oak Hill declined to comment, while Varde was not immediately available for comment.
FRANKFURT/LONDON (Reuters) - Deutsche Bank (DBKGn.DE) has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said. Germany's flagship lender has agreed to sell a non-performing ship loan portfolio with a notional value of $1 billion to investors Oak Hill Advisors and Varde, one of the sources said. Deutsche Bank and Oak Hill declined to comment, while Varde was not immediately available for comment.
Moody's Investors Service has today assigned Counterparty Risk Ratings to the rated bank subsidiaries and bank branches of seven large European banking groups: HSBC Holdings plc (HSBC), Deutsche Bank AG (DB), BNP Paribas (BNPP), Societe Generale (SG), Credit Suisse Group AG (CS), UBS Group AG (UBS), and to Barclays Bank PLC (BBPLC) and its rated branches. Additionally, Moody's assigned a long-term and short-term Counterparty Risk Assessment to UBS Limited at Aa3(cr), placed on review for upgrade/Prime-1(cr).
Deutsche Bank AG Chief Executive Officer Christian Sewing played down the prospect of a merger with local rival Commerzbank AG, saying cross-border deals offer the best future for European banks. “The real chance of consolidation lies in crossing national borders in Europe,” Sewing told a conference audience composed of senior business people and lawmakers in Berlin, including Federal Economy Minister Peter Altmaier. Sewing played down as “speculation” the news, reported exclusively by Bloomberg last week, that a combination with Commerzbank AG has emerged as the preferred medium- to long-term strategic option among Deutsche Bank’s top echelons.
Europe needs to create the conditions for banking consolidation before the continent can form true European banking champions, Deutsche Bank's (DBKGn.DE) chief said on Tuesday. Christian Sewing, the new CEO of Germany's largest bank, said that the German and European markets were too fragmented, with disparate rules on insolvency, consumer protection, and mortgage securities. "We don't have a single market," Sewing told politicians in Berlin.
Citigroup Inc. jumped in as a financier for a key Deutsche Bank AG shareholder after Bank of America Corp. dropped out to pare potential risks linked to the German lender’s stock rout, people with knowledge of the matter said. Citigroup will finance a few hundred million euros for former Qatari Prime Minister Sheikh Hamad bin Jassim Al Thani’s margin loan after the value of his Deutsche Bank holding shrank, the people said, asking not to be named as details aren’t public. The rout in Deutsche Bank shares in recent weeks triggered a so-called “termination event” for the lender who had provided credit, backed by the stake, the people said.
Deutsche Bank Aktiengesellschaft’s (DB:DBK): Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. With the latest financial year lossRead More...
Short-lived tech darling Snap Inc (NYSE:SNAP) has lost 44% since it went public, 35% in the last 12 months and 15% year-to-date. Today alone, SNAP lost almost 5% despite some positive news about user growth — and after a strong run over the last week or so. Deutsche Bank AG (NYSE: DB) analyst Lloyd Walmsley expressed optimism about SNAP’s daily active users in the wake of the platform’s redesign last month, with the bank upping its second-quarter estimates by 3 million.
Deutsche Bank AG Supervisory Board Chairman Paul Achleitner’s discussions with key shareholders about a potential merger with cross-town rival Commerzbank AG have rekindled market speculation on the creation of a German national champion. The two banks, even if combined, would still cover only a small slice of the market for retail and commercial banking that is still dominated by small cooperative banks and savings banks.
If Germany has too many banks and beleaguered lender Deutsche Bank AG is too reliant on its trading businesses, wouldn't a merger with rival Commerzbank AG fix two issues at once? Probably — but for Deutsche's chairman to bring it up now is as ill-timed as cracking a joke at a funeral. What Deutsche Bank lacks right now is strong leadership and strategic clarity rather than a nifty Powerpoint presentation about potential deals.
Deutsche Bank AG's Chairman Paul Achleitner is considering a merger with rival Commerzbank AG and is speaking with top investors and government officials about the potential tie-up, Bloomberg reported late Thursday. Sources told the news outlet there have been no formal talks yet between the two German banks and that a deal isn't seen as imminent. Deutsche Bank said in a statement that the chairman is constantly asked about this matter.
Deutsche Bank AG Chairman Paul Achleitner has spoken with top shareholders as well as investors and key German government officials in recent months about merging with local competitor Commerzbank AG, Bloomberg reported, citing people familiar with the matter. Standing in the way of a deal is Deutsche Bank's depressed share price, with investors telling Achleitner that they don't want a merger at the moment because it would be highly dilutive and potentially trigger a capital increase and large writedowns, Bloomberg reported the people as saying. Deutsche Bank's American depositary receipts rose as much as 2.7 percent and traded 1.9 percent higher at 2:15 p.m. in New York.
Deutsche Bank (DBKGn.DE) on Thursday downplayed the idea that a deal with cross-town rival Commerzbank (CBKG.DE) could materialize soon, after Bloomberg reported that top shareholders had been consulted about a potential tie-up. Deutsche Bank's supervisory board chairman, Paul Achleitner, had consulted top shareholders and German government officials about merging with Commerzbank, Bloomberg reported earlier on Thursday, citing people familiar with the matter. "The Chairman of Deutsche Bank is asked constantly about this matter.
Deutsche Bank (DBKGn.DE) on Thursday downplayed the idea that a deal with cross-town rival Commerzbank (CBKG.DE) could materialise soon, after Bloomberg reported that top shareholders had been consulted about a potential tie-up. Deutsche Bank's supervisory board chairman, Paul Achleitner, had consulted top shareholders and German government officials about merging with Commerzbank, Bloomberg reported earlier on Thursday, citing people familiar with the matter. "The Chairman of Deutsche Bank is asked constantly about this matter.
Deutsche Bank Chairman Paul Achleitner has previously discussed the deal with investors and German officials. There have been no formal talks between the two German lenders, and a deal is not considered to be imminent, sources told Bloomberg. Deutsche Bank Chairman Paul Achleitner is speaking with top shareholders about a potential merger with rival Commerzbank, Bloomberg reported .
Deutsche Bank AG is seeking to sell its portfolio of non-investment grade energy loans, worth about $3 billion, according to people with knowledge of the matter. The Frankfurt-based lender, which said in May it was closing its Houston office, is planning to sell the loan book as a whole and has marketed it to North American and European peers, said one of the people. Deutsche Bank spokeswoman Kerrie McHugh declined to comment.
A colleague’s request for a higher Euribor submission was so skewed that it was “ridiculous,” a former Deutsche Bank AG trader said in an email read out during a London trial into rate-rigging. Joerg Vogt in Frankfurt was close to the team submitting information behind Euribor, the benchmark that influences trillions of dollars in derivatives, when Christian Bittar made the request to influence rates. The proposal was to make an entry two basis points above their preferred figure, according to a message read to jurors Thursday by prosecutor James Waddington.
shares rose to the top of the German market Thursday, extending gains to around 7% since hitting an all-time low last week, as it attempts to win back investor support amid ongoing concerns over the health of the country's biggest lender. Deutsche Bank is getting support from a host of factors in Thursday trading, most notably from yesterday's signalling from the European Central Bank that it's ready to start talking seriously about policy normalisation, but also from a rebound in Italian banks stocks, where the German lender has a great deal of credit exposure, and reports that it's planning around €1 billion in cost cuts at its troubled investment banking division as it continues to retrench operations into its domestic and European markets. "Of the €2 billion planned cost reductions between 2017 and 2019, more than half is expected to come from the corporate and investment bank," said Deutsche Bank CFO James von Moltke Wednesday.
Jun.08 -- Deutsche Bank is said to have spoken to shareholders about a possible merger with rival Commerzbank. Bloomberg has been told that the chairman of Deutsche Bank discussed the idea with leading investors and key government officials although, no formal talks are underway. Bloomberg's Matt Miller reports on "Bloomberg Daybreak: Europe."