|Bid||8.54 x 45100|
|Ask||0.00 x 27000|
|Day's Range||8.50 - 8.67|
|52 Week Range||7.62 - 14.92|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Discussions about a deal have been ongoing for “a couple of months” and one structure being considered is for UBS to split off its asset-management unit and fold it into Deutsche Bank’s DWS Group in exchange for shares in the larger group, according to the report. Deutsche Bank would remain the largest shareholder, the report said. Representatives for UBS and DWS declined to comment on the Financial Times report.
Deutsche Bank is expected to announce by Friday at the latest an update on its merger talks with Commerzbank, which are now in their sixth week, people familiar with the matter said on Tuesday. Friday is significant because that is when Deutsche Bank is scheduled to report first-quarter earnings, which are likely to show a 75 percent decline in net profit and a 9 percent decline in revenue, according to a consensus forecast posted on the bank's website. Last month, Deutsche Chairman Paul Achleitner said the banks would aim to announce more concrete steps on the merger by the time Deutsche published its earnings on April 26.
The asset management arms of Deutsche Bank and UBS are in serious talks to merge, according to people close to the discussions, in a deal that would create a new European champion in the investment industry. If completed, the merged asset manager would leapfrog France’s Axa and the UK’s Legal & General and create a rival to France’s Amundi, Europe’s largest money manager with just over €1.4tn under management. One structure being considered would see UBS hive off its asset management unit, which oversees €700bn, and fold it into Deutsche’s DWS in exchange for shares in the larger group.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Blackstone to shift to a corporation from partnership https://on.ft.com/2Pl6LvM ...
DWS Group is considering various options including joint ventures and distribution partnerships, the people said. The company isn’t looking at scenarios where Deutsche Bank would lose control over the unit, the people said. Shares of DWS reversed gains on the news and were down 0.75 percent at 5:09 p.m. in Frankfurt after rising as much as 1.3 percent earlier.
The cost of insuring the debt of Germany’s two largest private-sector lenders against default is diverging and currently stands at the furthest apart in around two months, according to data compiled by Bloomberg. Deutsche Bank is about double the size of crosstown rival Commerzbank AG, but is considered riskier, with credit ratings that are about two steps lower. Deutsche Bank is said to be working on an alternative strategy in case merger talks collapse.
Some top shareholders want the bank to prepare options as obstacles to a combination pile up, according to people familiar with the matter. Chief Executive Officer Christian Sewing is considering two basic scenarios: a small update that would mainly consist of more and accelerated cost cuts including at the investment bank, and a bigger strategy shift that would create upfront costs, said one of the people. Formal talks between the two lenders have dragged on for almost five weeks and there’s no indication that an agreement is near.
Deutsche Bank and Commerzbank are at odds over how many clients would ditch the Frankfurt-based rivals if they merged, highlighting one of the many obstacles to a deal that could transform the face of ...
Shares in Deutsche Bank slipped nearly 2% on Thursday morning following reports the German bank could face legal action over a $20 billion Russian money-laundering scheme.
Commerzbank, the smaller of the two, is attracting the most interest, perhaps because it would be easier to digest. Dutch lender ING Groep NV has reached out to the bank and the German government to seek talks, and UniCredit SpA is weighing a potential bid, people familiar with the matter have said. The German Finance Ministry, which oversees the country’s roughly 15 percent stake in Commerzbank, has encouraged the firm’s negotiations with Deutsche Bank.
Mr Scholz is seen as instrumental in bringing about those talks, yet a tie-up could prove politically toxic for him. “He is in a precarious position,” said one senior official in Berlin. Mr Scholz has always denied being the driving force behind the idea of uniting Germany’s two largest listed banks.
Announcement on a merger between the German banking giants is expected this month. Media reports Tuesday suggested Commerzbank had been approached by ING prior to commencing talks with Deutsche Bank. The only way a potential merger between Deutsche Bank DBK-DE and Commerzbank CBK-DE would make sense is by making massive job cuts across the two firms, a strategist told CNBC Wednesday.
Deutsche Bank has estimated that it processed at least €175m of dirty money for Russian criminals between 2011 and 2014 and has braced itself for potential fines, litigation and prosecution of individual ...
Commerzbank, long the quiet number two bank in Germany, is no longer a wallflower. The saga over what to do with ailing Deutsche Bank has overshadowed Commerzbank’s modest successes. Commerzbank not only has an official approach from Deutsche Bank to contend with, but interest from European peers.
Moody´s de México, ("Moody´s") has today confirmed the ratings of Deutsche Bank Mexico, S.A. (Deutsche Bank Mexico) and of Deutsche Securities Mexico, S.A. de C.V. (Deutsche Securities Mexico), and changed the outlook to negative. This rating action concludes the review for downgrade initiated on 4 November 2016.
Congressional investigators have subpoenaed Deutsche Bank as Democrats stepped up their investigations into President Donald Trump and his business dealings. The committees also subpoenaed multiple other banks as part of their investigations into foreign influence in US politics and illicit finance.
FT subscribers can click here to receive FirstFT every day by email. President Emmanuel Macron vowed to rebuild Notre-Dame cathedral after the Paris landmark was partly destroyed by a devastating fire. Donations from some of France’s richest families poured in to help reconstruct one of the world’s best known and most visited monuments. The Arnault family, owner of luxury group LVMH, pledged €200m, while the Pinaults, who control the Kering conglomerate, said they would give €100m to the restoration efforts.
House Intelligence Committee Chairman Adam Schiff, D-Calif., said in a statement that the subpoenas are part of an investigation “into allegations of potential foreign influence on the U.S. political process.”
Two U.S. House of Representatives committees have issued subpoenas to multiple financial institutions, including Deutsche Bank AG, for information on President Donald Trump's finances, the panels' Democratic leaders said on Monday. The Financial Services Committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible," the committee's chair, Maxine Waters, said in a statement.
Customers seeking to reduce their exposure to the combined lender could pull business worth 1 billion euros to 1.5 billion euros ($1.1 billion to $1.7 billion), people familiar with the matter said. The estimate is a key factor in deciding whether a deal makes sense, the people said, asking not to be identified in discussing internal deliberations. The loss of business and expected restructuring costs would have to be offset over time by cost savings, currently estimated at about 40 percent of Commerzbank’s cost base, or 2.7 billion euros, the people said.
Why Is Deutsche Bank Bullish on Gold?(Continued from Prior Part)Deutsche Bank upgraded Barrick Gold Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019. Due to
Bernie Sanders has released his tax returns, as the House panels subpoena Deutsche Bank in the Trump probe. Yahoo Finance's Adam Shapiro, Julie Hyman, Rick Newman, and Jessica Smith join Interactive Brokers Chief Options Strategist Steve Sosnick to discuss.