DB - Deutsche Bank Aktiengesellschaft
| Previous Close | 12.25 |
| Open | 12.23 |
| Bid | 0.00 x 38500 |
| Ask | 12.45 x 800 |
| Day's Range | 12.15 - 12.40 |
| 52 Week Range | 10.36 - 20.23 |
| Volume | 7,139,522 |
| Avg. Volume | 5,088,137 |
| Market Cap | 25.243B |
| Beta | 1.55 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2017-05-19 |
| 1y Target Est | N/A |
- Bloomberg•2 days ago
Germany Said to Favor Deutsche Bank Merger With Commerzbank
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 ...
- Bloomberg•3 days ago
Ex-Deutsche Bank Trader Says He Set Libor Rate to Aid Positions
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.
- Bloomberg•3 days ago
Ex-Deutsche Bank Traders Focus on Libor Rules in Rigging Trial
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.
- Zacks•3 days ago
Deutsche Divests Energy Loan Portfolio to Bank of Montreal
Deutsche Bank (DB) remains on track to offload unprofitable business and focus on core operations in order to improve financials.
- Financial Times•3 days ago
[$$] Deutsche Bank poaches JPMorgan executive for senior data role
Deutsche Bank has poached data specialist David Gleason from JPMorgan Chase in an attempt to better monetise the lender’s vast store of client and transaction data. Mr Gleason is joining Germany’s largest lender as chief data officer for global transaction banking, according to an internal memo seen by the Financial Times. “This is a new role that underscores the enormous opportunity we have in front of us when it comes to leveraging the vast amount of data our systems produce every day for client, internal and regulatory purposes,” Thomas Nielsen, chief digital officer of Deutsche Bank’s transaction bank, wrote in a note to the bank’s staff.
- Financial Times•4 days ago
[$$] S&P 500 and Dow climb to record highs
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.
- The Wall Street Journal•4 days ago
[$$] Deutsche Bank Senior Banker Advised Bosses to Consider Breakup
A senior investment banker at Deutsche Bank AG recommended earlier this year that the troubled German lender consider breaking itself up, and other long-term strategic options, to address its persistent competitive weaknesses, according to people familiar with the matter. The proposal came from Charlie Dupree, Deutsche’s head of mergers and acquisitions in the Americas before he left for JPMorgan Chase & Co. in June. His analysis, produced with other bankers over several months, was for internal purposes and wasn’t intended to be made public, according to the people. In April, Mr. Dupree shared his conclusions with Deutsche Bank’s chief financial officer, James von Moltke. The finance chief considered the analysis well-intended but superficial, a person familiar with his feedback said.
- Bloomberg•4 days ago
BMO Acquires $3 Billion in Oil and Gas Loans From Deutsche Bank
Bank of Montreal has a acquired a portfolio of about $3 billion in energy loans from Deutsche Bank AG. "We are one of the leading energy investment banks in North America and we got there by continuously investing in our franchise to support our clients -- including by growing our lending portfolio with this acquisition," John Armstrong, deputy head of investment banking at BMO Capital Markets, said in an emailed statement. The book comprises investment-grade and subprime revolving credit lines to oil and gas companies.
- Investopedia•4 days ago
JPMorgan Stock Breaks Out From Bearish Price Channel
JPMorgan shares broke out from a bearish price channel as the steepening yield curve offers an opportunity to banks.
- Financial Times•4 days ago
[$$] Goldman Sachs passes Citigroup in investment bank rankings
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 ...
- Financial Times•5 days ago
[$$] Energy traders and banks back new blockchain platforms
A group of the world’s leading energy traders and banks is looking to shake up the centuries-old trade finance industry with the launch of two new platforms underpinned by blockchain technology. “Blockchain technology will answer the needs of key participants in commodity trading by improving efficiency and security,” said Souleima Baddi, chief executive of Komgo, which will focus on commodity trade financing by digitising the lenders’ customer identification documents as well as electronic letters of credit.
- Financial Times•5 days ago
[$$] HNA chairman’s family tightens grip on Chinese group’s reins
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.
- Financial Times•5 days ago
[$$] Deutsche Bank seeks earnings boost from push into German heartland
’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.
Bloomberg•5 days agoHow HNA Will Sell Deutsche Bank and Why That Matters
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.
- Reuters•5 days ago
Deutsche Bank CFO says holding structure not high on agenda right now
FRANKFURT (Reuters) - Deutsche Bank's (DBKGn.DE) finance chief said on Tuesday that opting for a holding company structure at the bank is not a priority at the moment. It is "simply not high on the ...
- Reuters•6 days ago
Deutsche Bank to move assets from London to Frankfurt after Brexit
Deutsche Bank said on Monday it would move assets from London to Frankfurt after Britain's planned exit from the European Union next year, in line with demands from British and EU regulators. Deutsche Bank said in a statement it would make Frankfurt rather than London the primary booking hub for its investment banking clients, as per an announcement made last year. A source familiar with the matter said the European Central Bank, as Europe's main financial supervisor, was putting pressure on banks to shift investment banking activities from London to the continent.
- Reuters•6 days ago
Deutsche Bank to move assets from London to Frankfurt after Brexit
Deutsche Bank said on Monday it would move assets from London to Frankfurt after Britain's planned exit from the European Union next year, in line with demands from British and EU regulators. Deutsche Bank said in a statement it would make Frankfurt rather than London the primary booking hub for its investment banking clients, as per an announcement made last year.
- Zacks•6 days ago
Deutsche (DB) to Shift Large Portion of Assets From London
Deutsche Bank (DB) remains on track to remodel its business in order to improve financials. However, shifting of assets from London might be a time consuming and an expensive affair.
- Bloomberg•6 days ago
Deutsche Bank Plans to Operate Post-Brexit in U.K. Via Branch
Deutsche Bank AG intends to continue operating as a branch in the U.K. after the nation leaves the European Union, instead of setting up a potentially costly U.K. subsidiary. Bloomberg Intelligence's Jonathan ...
- TheStreet.com•6 days ago
Deutsche Bank Confirms Shift of Assets From London Amid 'Unclear' Brexit Impact
said Monday that it has been transitioning its business away from London, including the shifting and ring fencing of financial assets, thanks in part to the uncertainty surrounding Britain's exit from the European Union. Deutsche Bank said its Frankfurt headquarters will be the global "hub" for its investment banking business and that its London operations will operate as "branches" to the global office. The bank's statement follows a report in the Financial Times that suggested Europe's second-biggest bank could move as much as 75% of its estimated €600 billion ($698 billion) balance sheet from London.
- Bloomberg•7 days ago
Deutsche Bank Executive's 1MDB Role in Investigators' Focus
Singapore authorities probing the multi-billion dollar 1MDB scandal are looking at the role of an outgoing senior Deutsche Bank AG executive as part of their investigations, according to people with knowledge of the matter. Tan Boon-Kee, who was Asia Pacific head of the German bank’s financial institutions group, has been interviewed by the city’s Commercial Affairs Department as recently as late August, said one of the people, who asked not to be named because the queries are confidential. The Monetary Authority of Singapore has also quizzed Deutsche Bank about the extent of Tan’s involvement with the 1Malaysia Development Bhd. account, the people said.
- Reuters•7 days ago
PRESS DIGEST- Financial Times - Sept 17
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Big UK shareholder in Unilever to fight headquarters shift ...
Reuters•7 days agoDeutsche to shift more assets to Frankfurt, ringfence UK operations after Brexit: source
Deutsche Bank (DBKGn.DE) is considering shifting large volumes of assets from London to Frankfurt after the UK's planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said on Sunday. Deutsche will also transform its UK arm into a ringfenced subsidiary after Brexit and reduce the size and complexity of its British operations, the source said. The Financial Times reported earlier on Sunday, citing people familiar with the thinking of the bank's executives, that Deutsche could eventually move about three-quarters of its estimated 600 billion euros in capital back from London to its headquarters.
- Reuters•7 days ago
Deutsche to shift more assets to Frankfurt, ringfence UK operations after Brexit - source
Deutsche Bank (DBKGn.DE) is considering shifting large volumes of assets from London to Frankfurt after the UK's planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said on Sunday. Deutsche will also transform its UK arm into a ringfenced subsidiary after Brexit and reduce the size and complexity of its British operations, the source said. The Financial Times reported earlier on Sunday, citing people familiar with the thinking of the bank's executives, that Deutsche could eventually move about three-quarters of its estimated 600 billion euros in capital back from London to its headquarters.
- Financial Times•8 days ago
[$$] Deutsche Bank steps up plan to shift more UK assets after Brexit
Deutsche Bank has scaled up plans to shift hundreds of billions of assets from London to Frankfurt after coming under increasing pressure from European regulators over the size and complexity of its UK operations after Brexit. Any transfer of the German bank’s assets, equivalent to almost half the total held by European lenders in the UK, would be a big blow to the City of London, which has seen overseas banks move operations to mainland Europe amid the uncertainty of Britain leaving the EU.
