|Bid||8.68 x 46000|
|Ask||8.80 x 28000|
|Day's Range||8.59 - 8.80|
|52 Week Range||7.62 - 16.83|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.48|
HNA’s C-Quadrat unit exercised options to sell 26.8 million Deutsche Bank shares for 363.4 million euros ($410 million), reducing its ownership to 6.3 percent, according to a filing with the Securities and Exchange Commission. The shares were sold at prices ranging from 11.45 euros to 16.70 euros apiece, far above current market prices, because the Chinese group had hedged its investment in Deutsche Bank with put options. The deal marks the latest disposal for HNA, which was one of China’s most acquisitive companies until it began facing liquidity challenges and pressure from the government.
Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission. HNA, even with the reduced holding, would remain one of the largest shareholders in Germany's largest lender. Spokesmen for HNA in Germany and Deutsche Bank declined to comment.
Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission. HNA, even with the reduced holding, would remain one of the largest shareholders in Germany's largest lender. Spokesmen for HNA in Germany and Deutche Bank declined to comment.
Instead, the consumer-relief money will be spent on originating new loans, according to the Feb. 13 report by the bank’s monitor, Michael Bresnick. The decision reverses pronouncements by the bank and the U.S. Justice Department that some of the funds -- part of an overall $7.2 billion settlement over bad mortgage bonds sold before the 2008 crisis -- would go to aiding people who were in imminent risk of defaulting on their mortgage payments, have especially high interest rates or owe more on their mortgage than in the value of their home. The change in plans “may disappoint distressed homeowners and others, including the many individuals who have reached out to the monitor over the past two years, hoping to receive different types of consumer relief from the bank,” Bresnick wrote in the report, which was posted online.
Germany's two leading SME business associations publicly opposed a merger of Deutsche Bank and Commerzbank on Friday, arguing a combination could curb competition. German Finance Minister Olaf Scholz has dismissed media reports that the government is pressing for a merger of the country's two main banks before May as "speculation". Germany's Mittelstand, as its small and medium-sized firms are known, make up more than 99 percent of all registered companies in Europe's largest economy, account for more than 97 percent of exports and employ about 60 percent of its workforce.
German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank's role in a money laundering scandal involving Danske Bank. Deutsche Bank acted as a correspondent bank for Danske Bank in Estonia, meaning it helped transfer funds on behalf of the Danish lender from Estonia to places like New York.
Estonia and has widened the remit of an independent auditor installed in 2018 at Germany’s largest lender to look into the case. In a statement issued on Friday, BaFin said it ordered Deutsche Bank on February 15 to “review its group-wide risk management processes in the area of correspondence banking and adjust them where necessary” as “a measure to prevent money laundering and terrorist financing”.
Near the Bank of England, there is a statue of George Peabody, “American philanthropist and great benefactor of the poor”. Wall Street was then a poor cousin to the City in investment banking, but those roles have reversed. The place for financiers to seek fortunes is New York, rather than London or Frankfurt.
BERLIN (Reuters) - Both Deutsche Bank and Commerzbank have fairly low stock values which naturally exposes them to possible takeovers from bigger financial institutions, German Deputy Finance Minister ...
One major investor wants Sewing, who is less than a year in office, to act more quickly to turn around its investment bank, a person familiar with its thinking told Reuters. A second top investor thinks that the U.S. investment banking business is still too big and contributes too little to Germany's biggest lender, another person said. "We have adjusted our footprint in our Corporate & Investment Bank and in the U.S. already in 2018, including reducing our leverage exposure by more than 100 billion euros," the bank said, after a Financial Times report on the demands.
Several of Deutsche Bank’s biggest shareholders are calling for its chief executive to make deeper cuts to its perennially lossmaking US investment bank as they run out of patience with the lender’s poor performance and tumbling share price. One of the investors said they told the bank recently that they wanted it to shrink the US investment bank by this summer.
Deutsche Bank announced today its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt Program of Suncorp Group Limited .
Deutsche Bank is planning to cut 1,950 jobs as part of the integration of its Postbank business, newspaper Handelsblatt reported, citing people familiar with the matter. The bank will cut about 750 jobs by 2020 in the joint headquarters of Deutsche Bank's private and corporate clients business, while another 1,200 will go by 2022 in the area of operations, which includes account services and credit settlement, the paper said. Deutsche Bank is in the process of integrating Postbank, the retail banking business once owned by the German postal service, with its own retail banking operations to save costs.
Spanish bond yields are trading at their lowest in a year at around 1.24%, despite the elevated uncertainty around the upcoming budget vote and the possibility of snap elections, said Deutsche Bank.
“We have pivoted from a pure cost-control focus in 2018 to a controlled, disciplined growth phase in 2019,” Jamal Al Kishi, chief executive officer of the Middle East and Africa for the Frankfurt-based lender, said in an interview. Deutsche Bank recently hired Ibrahim Qasim from Doha-based QInvest LLC as head of structured solutions for the Middle East and North Africa, as well as Khalid Rashid from Standard Chartered Plc to take charge of capital markets. Deutsche Bank reported a drop in global revenue for the eighth successive quarter earlier this month, led by a slump in its key fixed-income trading business.
This Deutsche bank bond no longer exists, but at the height of the financial crisis it sparked a controversy across European markets. What happened then is worth comparing with the furore this week over Santander’s failure to call – or repay – one of its bonds. The Deutsche bond was issued in 2004, and classified as “lower tier 2 capital”.
Germany’s biggest bank this week sold $1.25 billion of three-year dollar bonds that pay 255 basis points over benchmark interest rates, according to a person familiar with the matter who asked not to be named. Only Denmark’s Danske Bank A/S, which is grappling with a money laundering scandal, and Italy’s UniCredit SpA have paid similar or greater amounts. A spokesman for Deutsche Bank declined to comment on the dollar bond sale.
Last week, the House Financial Services Committee tapped a Senate lawyer with deep experience conducting complex investigations. Bob Roach and the committee may want to cast their net wider than just Germany’s largest lender. After the 2016 election, the lender tried to rid itself of a loan to state-owned Russian lender VTB Group by shopping it around to other financial firms — among them Citigroup — the Wall Street Journal has reported.
It matters less than it once did that the German government raises debt at risk-free rates. In the post-crisis regulatory landscape, senior bondholders could be bailed-in before Deutsche gets a state bailout. Last week, the German patient paid 230 basis points over the benchmark on a seven-year bond — the highest rate agreed by a big international bank this year on euro debt.
of last year as industrial production contracted and consumer spending showed signs of slowing ahead of Brexit. , beefing up warnings to investors as boardrooms worry that a disorderly departure threatens international business. is certain that Brexit will happen but says “history tells us we should not draw conclusions from the lack of agreement at this moment”.
The Democratic chairman of the U.S. House Intelligence Committee said on Sunday he was concerned that Special Counsel Robert Mueller may not be investigating President Donald Trump's ties to Deutsche Bank AG . U.S. Representative Adam Schiff announced last week a wide investigation into attempts to influence the 2016 U.S. presidential election as well as Trump's financial dealings, including "credible reports of money laundering and financial compromise" related to Trump business interests.
The bank raised eyebrows last week when it sold a total of €3.6bn in euro-denominated debt, paying 180 basis points over the benchmark for a two-year bond, a steep rate for short-term funding. It also paid 230bp over the benchmark on a seven-year bond, a higher rate than domestic Spanish lender CaixaBank, which recently raised five-year bonds at 225bp, according to capital markets news service IFR.
Deutsche Bank announced today its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt Program of Movida Participações S.A. .