DB - Deutsche Bank Aktiengesellschaft

NYSE - Nasdaq Real Time Price. Currency in USD
-0.09 (-1.17%)
As of 2:25PM EST. Market open.
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Previous Close7.28
Bid7.19 x 46000
Ask7.20 x 3100
Day's Range7.16 - 7.31
52 Week Range6.44 - 9.91
Avg. Volume5,976,240
Market Cap14.264B
Beta (3Y Monthly)1.61
PE Ratio (TTM)N/A
EPS (TTM)-1.12
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-05-19
1y Target Est5.54
  • Mitsubishi UFJ (MUFG) Records Disappointing Earnings in 1H

    Mitsubishi UFJ (MUFG) Records Disappointing Earnings in 1H

    Mitsubishi UFJ (MUFG) reports disappointing earnings for first-half fiscal 2019 (Sep 30, 2019), mainly negatively impacted by lower net gains on equity securities and higher expenses.

  • Why investors may feel the Deutsche Bank chairman has to go

    Why investors may feel the Deutsche Bank chairman has to go

    U.S. private equity meets German-style corporate governance, and frictions occur. There should be little surprise there, in a country whose staid business culture never seemed to provide a fertile ground for the creativity of U.S. financial capitalism. According to the Financial Times, distressed assets fund Cerberus Capital Management is pushing for the ousting of the chairman of Deutsche Bank, Germany’s largest bank, which has indeed seemed under serious stress for the best part of the last decade.

  • Financial Times

    The hedge fund that harpooned the ‘London Whale’ has struggled to keep its head above water

    In the aftermath of a trading fiasco that cost JPMorgan Chase some $6bn and opened a chink in the armour of Wall Street’s favourite chief executive Jamie Dimon, one hedge fund was having a whale of a time. BlueMountain Capital Management had harpooned the “London Whale” in 2012 and then been brought in to clean up the mess, pocketing $300m in one trade and cementing the status of its co-founder Andrew Feldstein (pictured above) as a credit whizz. As it happens, that would turn out to be the peak of BlueMountain’s success.

  • Moody's

    Deutsche Postbank Funding Trust II -- Moody's announces completion of a periodic review of ratings of Deutsche Bank AG

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Deutsche Bank AG and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.

  • Benzinga

    Report: Large Deutsche Bank Shareholder Wants Chairman Fired

    American private equity firm Cerberus owns a 3% stake in Germany's Deutsche Bank AG (NYSE: DB) and is pushing for the ouster of Chairman Paul Achleitner, CNBC reported Tuesday, citing two sources. Achleitner was named chairman of Deutsche Bank back in 2012; since then, the stock has lost more than 70%. Most recently, the German bank failed to close a merger with Commerzbank, and this merely added to Cerberus' frustration, CNBC said.

  • No more MDs or VPs: Deutsche Bank's asset management unit to abolish titles

    No more MDs or VPs: Deutsche Bank's asset management unit to abolish titles

    Deutsche Bank's DWS asset management subsidiary is doing away with most titles as of next year, according to an internal memo on Tuesday. The abolition of positions like managing directors and vice presidents "will build a collaborative work environment with flat hierarchies based on functional roles, skills and capabilities as well as a clear performance culture", said the memo, seen by Reuters. DWS will still have a chief executive and chief financial officer.

  • Bloomberg

    Deutsche Bank’s DWS Is Making the Managing Director Extinct

    (Bloomberg) -- Asset manager DWS Group GmbH & Co. has pulled the rungs off the corporate ladder.The firm majority-owned by Deutsche Bank AG plans to scrap titles such as associate, vice president and managing director by the middle of next year, according to an internal memo seen by Bloomberg.“We will build a collaborative work environment with flat hierarchies based on functional roles, skills and capabilities,” the internal memo said. “Each role will have a clearly defined description covering responsibilities and specific expectations and priorities.”A spokesman declined to comment on the memo.Deutsche Bank spun off DWS last year, though still owns nearly 80% of its shares. DWS has been the subject of repeated speculation about a possible merger with firms including the asset management unit of UBS Group AG.While Deutsche Bank sees “some form of consolidation” as necessary to develop DWS into a top 10 global asset manager, it has no plans to give up its majority stake, Chief Financial Officer James von Moltke said in July.While the corporate titles are disappearing, there will still be job expansions or significant role changes for individuals, according to the memo. Roles will take into account “the expertise needed, business impact, team management and expected relationships with other parts of the business. The compensation for each role will be aligned accordingly.”DWS Chief Executive Officer Asoka Woehrmann will retain his job title.To contact the reporter on this story: Suzy Waite in London at swaite8@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Chris BourkeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • HSBC, Royal Bank of Scotland Plan to Enhance Digital Banking

    HSBC, Royal Bank of Scotland Plan to Enhance Digital Banking

    HSBC and Royal Bank of Scotland (RBS) are set to launch respective new digital banking platforms.

  • Financial Times

    FirstFT: Today’s top stories

    FT subscribers can click here to receive FirstFT every day by email. Hong Kong police have warned that the city is “on the brink of total collapse”, after a second consecutive day of transport chaos and ...

  • Barrons.com

    Trade War is Not the Biggest Risk Facing the Stock Market in the Coming Year, Deutsche Bank

    Increased taxes on the rich, in an attempt to narrow the divide, is a critical part of the campaigns.

  • Financial Times

    Cerberus pushes for Paul Achleitner to leave Deutsche Bank

    Cerberus has lost faith in Deutsche Bank’s chairman Paul Achleitner and is pushing for him to be replaced, according to three people familiar with the worsening relationship between the US private equity firm and Germany’s biggest bank. The desire for regime change has hardened since Deutsche abandoned merger talks with Commerzbank in April, these people said, scuppering the plans of Cerberus, which is Deutsche’s third-largest shareholder with a 3 per cent stake and the second-biggest shareholder in Commerzbank. Mr Achleitner endorsed ending the talks.

  • Financial Times

    Deutsche Bank/Paul Achleitner: harping on

    Deutsche Bank chairman Paul Achleitner has evidently hit a bum note. Cerberus, the US private equity group named after the hell hound, is calling for him to be replaced. Since May 2012, Deutsche Bank has had four chief executives and one chairman.

  • Bloomberg

    Deutsche Bank Discussed Payments Issues With U.K. Regulators

    (Bloomberg) -- Deutsche Bank AG told U.K. regulators that it’s facing persistent issues in processing high-value payments in the country, a further sign of the IT problems plaguing the lender.The German lender met with Bank of England officials two weeks ago to explain disruptions of payments going through the BoE’s high-value payments system CHAPS on several days in October, according to a person familiar with the matter. The bank has also discussed the issue with Megan Butler, head of supervision at the Financial Conduct Authority, according to the Financial Times, which first reported the news.As a result of Deutsche Bank’s problems, about 21,000 payments for online retailer Amazon.com Inc. were delayed in recent months, the person said, asking not to be identified discussing the private information.Deutsche Bank has long struggled to replace an aging IT infrastructure. Chief Executive Officer Christian Sewing last year appointed a new chief operating officer, Frank Kuhnke, to lead the drive and recently hired Bernd Leukert, formerly a senior executive at German software company SAP SE, as head of technology and innovation.Payments services is a core offering of Deutsche Bank’s transaction bank, which Sewing recently took out of the investment bank and turned into a standalone division now known as corporate bank. He has called the division the “DNA” of the bank and made it a centerpiece of his turnaround plan unveiled in July.“We continue to invest substantially in our IT and platform capabilities,” a Deutsche Bank spokesman said in an emailed statement. “We put mitigating steps in place to ensure that similar issues cannot re-occur.”CHAPS has 34 direct participants and processed 4.3 millions payments worth 7.5 trillion pounds ($9.6 trillion) last month, according to its website.To contact the reporter on this story: Steven Arons in Frankfurt at sarons@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Christian BaumgaertelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Why Deutsche Bank's Monte Paschi Scandal Still Matters

    (Bloomberg Opinion) -- On Friday, judges in Milan convicted executives from the world’s oldest bank, Banca Monte dei Paschi di Siena SpA, for falsifying its accounts in collusion with Deutsche Bank AG and Nomura Holdings Inc. Some 11 years after the misdeeds, it’s hard to have complete faith in the ability of regulators to prevent similar bad behavior.That executives have been held accountable for one of Europe’s biggest banking scandals will be some comfort to savers and taxpayers. Deutsche and Nomura face financial penalties of $175 million (Paschi has already settled). Michele Faissola, Sadeq Sayeed and Giuseppe Mussari — formerly of Deutsche, Nomura and Paschi — were among 13 executives sentenced to jail, the most senior bankers convicted of crisis-era chicanery. Nomura is considering an appeal, while Deutsche will review the court’s ruling.Regulators don’t have much to take credit for here in reining in the excesses of these lenders. After hiding hundreds of millions of dollars in losses in 2008 and 2009, Paschi went on to build a mountain of bad loans that led to multiple taxpayer rescues. Deutsche, meanwhile, has only just embarked on a serious plan to restore profitability after myriad fines for dubious practices.The complex Deutsche derivatives trade at the center of the Milan trial was certainly ingenious. Dubbed Santorini, it made a loss disappear on a previous deal that would have blown a big hole in Paschi’s 2008 results. To do this, Deutsche made one bet on interest rates with Paschi that it would almost certainly lose and another wager that it would win. While Deutsche paid out immediately on the bet that Paschi won, the German bank let the Italian bank pay out on the wager that it lost over several years. That allowed Paschi to window-dress its accounts and hide the previous loss.The outside world would be none the wiser for years, until I came across documents that helped recreate the concoction. Within days of my article being published in January 2013, a similar deal emerged between Paschi and Nomura; Paschi said it would restate its accounts. The derivative dressed up as a loan was so successful for Deutsche it repeated the trade with clients around the world. The German bank also ended up correcting its figures.Given the widespread nature of the gimmickry, it’s reasonable to ask where the regulators were in all this. The simple answer: asleep at the wheel. For years (and well before my reporting) financial supervisors from New York to Rome were aware of how far these banks were pushing the envelope.As early as 2010, Italy’s central bank, then headed by former European Central Bank president Mario Draghi, had discovered that Paschi had been masking losses. The Bank of Italy said in a 2010 report that it didn’t have “powers as regards accounting” and that the matter needed further study.There was no great rush. The same Paschi managers remained in place through 2012. In the meantime, the bank’s bad loans were piling up as local political interference and reckless lending led it to overlook credit risk. Bailout followed bailout as losses mounted.As recently as 2016, Paschi was probably insolvent and its financial controls were still deemed perilously weak. That didn’t stop the ECB in 2017 nodding through the lender’s third helping of state aid in less than a decade. Over and over, supervisors failed to pick up on practices detrimental to Paschi’s longer-term viability.Deutsche’s rehabilitation has been torturous too. It wasn’t until 2015, well after the bank had been embroiled in multiple scandals — from rigging benchmarks to laundering dirty Russian money — that regulators sought to tame its risk-taking ethos. Under former chief executive officers Anshu Jain and his predecessor Josef Ackermann, Deutsche Bank had become a factory of risky and complex trades from its London hub as it sought to compete head on with Wall Street. Only now, under chief executive officer Christian Sewing, is the German giant attempting a deep reboot of the business by shrinking its trading unit. Unfortunately the ambitious reorganization has coincided with an economic slump.Of course, there are many obstacles that regulators will point to that complicate their roles, not least the need to tread carefully to maintain financial stability — especially at a systemically critical lender such as Deutsche.But by failing to place sufficient pressure at the right time, regulators have allowed the banks they oversee to delay the inevitable: These companies need to find other ways to make money. European bank valuations are close to the level they were in the 1980s; confidence in the industry is fragile.There is some optimism that the shift of bank regulation from the national level to the European level, via the ECB, will strengthen supervision. The deepening of a euro zone banking union with a common deposit insurance scheme, championed last week by Germany’s finance minister Olaf Scholz, would further erode national meddling.Unfortunately the ECB’s early record as a watchdog has been mixed. Draghi’s successor Christine Lagarde has pledged to keep banks safe. She also needs to keep them honest.To contact the author of this story: Elisa Martinuzzi at emartinuzzi@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Elisa Martinuzzi is a Bloomberg Opinion columnist covering finance. She is a former managing editor for European finance at Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Fund Colossus Amundi Leaves Rivals in Its Dust

    Fund Colossus Amundi Leaves Rivals in Its Dust

    (Bloomberg Opinion) -- European fund management companies spent 2018 watching their share prices steadily decline, battered by increased regulatory scrutiny, customers withdrawing money and the relentless squeezing of fees. They’ve rallied this year, but the industry’s biggest beast in the region is outpacing its peers by an astonishing margin.Investors in Amundi SA have enjoyed a total return of more than 60% in 2019, outpacing the Stoxx Europe 600 index by 35 percentage points. The stock has beaten the 32% gains at DWS Group GmbH and Standard Life Aberdeen Plc, the 39% return for Schroders Plc and Man Group Plc’s 19% rise.Amundi, 68 percent-owned by France’s Credit Agricole SA, recently announced record quarterly inflows of almost 43 billion euros ($48 billion) in the three months through September, breaking a streak of three consecutive quarters of client withdrawals. Its 1.6 trillion euros of assets under management — up from 952 billion euros when it listed on the stock market in November 2015 — make it Europe’s biggest money manager.The most impressive statistic, however, is the one element of Amundi’s financials over which it has most control: its costs.The company’s frugality has nudged its cost-to-income ratio lower in recent years; it fell to an industry-beating 51.1% at the end of the third quarter. By comparison, Deutsche Bank AG-controlled DWS aims to cut its ratio to 65% and doesn’t expect to achieve that until the end of 2021.What could knock Amundi off its perch? Well, DWS Chief Executive Officer Asoka Woehrmann told the Financial Times this month that he plans to challenge his rival’s dominance by finding a takeover or merger that would increase his firm’s 752 billion euros of assets. Earlier this year Switzerland’s UBS Group AG was reported to be considering strapping its fund management arm to DWS. Insurer Allianz SE was also said to be interested in the German investment firm. Any such deal would create a challenger with the scale to match Amundi.But the French fund giant’s CEO Yves Perrier is unlikely to just stand by if industry consolidation begins. Now that he’s finished absorbing Pioneer Investments, a fund management unit bought from Italy’s UniCredit SpA for 3.5 billion euros in 2017, the decks are clear. While these mega-mergers might not happen, Amundi is well placed if they do. With its shares trading at their highest in more than 18 months, Perrier has the currency to fund a deal.To contact the author of this story: Mark Gilbert at magilbert@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Financial Times

    DWS chief on the ‘gem’ inside Deutsche Bank

    Asoka Wöhrmann took on one of the investment industry’s most difficult roles last year when he was promoted chief executive of DWS, Germany’s largest asset manager. Nicolas Moreau, his predecessor, was brutally axed after two years in the role after DWS failed to meet ambitious performance targets agreed at the time of the company’s March 2018 initial public offering. The IPO followed a protracted period of instability that included several failed efforts by its parent, Deutsche Bank, to sell the €752bn asset management business, multiple reorganisations and the departure of numerous senior staff members.

  • Financial Times

    Deutsche Bank tech failings hit thousands of payments

    Deutsche Bank has been forced to admit to regulators its role in the UK payment system still suffers serious problems, years after it was first placed in remediation, which has led to tens of thousands of transactions for clients such as Amazon being held up. Deutsche executives met Bank of England officials two weeks ago to explain the latest failings. The BoE demanded an explanation as to why the bank’s systems were disrupted on 10 per cent of business days in October, putting Deutsche among the least-reliable participants in CHAPS, the clearing house automated payment system, despite being in remediation over the matter for at least three years.

  • Business Wire

    Deutsche Bank Considers Exercising Option to Redeem Craft 2010-5R and 2015-2 Notes

    Deutsche Bank Aktiengesellschaft is giving notice that it is considering whether to exercise its option to redeem the following securities prior to their scheduled m

  • Italian court convicts Deutsche Bank, Nomura in Monte Paschi derivative trial

    Italian court convicts Deutsche Bank, Nomura in Monte Paschi derivative trial

    An Italian court has convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena over derivative deals that prosecutors say helped the Tuscan bank hide losses in one of the country's biggest financial scandals. Monte dei Paschi reached a settlement with the court over the case in 2016 at a cost of 10.6 million euros.

  • HSBC Gets Warning From Bank of England Over Conduct Issues

    HSBC Gets Warning From Bank of England Over Conduct Issues

    HSBC receives second warning by the Bank of England for not being able to properly control non-financial risks.

  • Financial Times

    Jail terms for 13 bankers over Monte Paschi scandal

    Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday after a case that shook Italy’s establishment and fomented the rise of populism in the country. The sentences — among the harshest handed out to bankers convicted of financial crimes in living memory — were delivered in Milan after the men were found guilty of helping Monte dei Paschi hide hundreds of millions of euros in losses between 2008 and 2012, using complex derivatives contracts. The verdict, read by Milan judge Lorella Trovato, was delivered to a packed courtroom in a fascist-era courthouse, the site of high-profile mafia trials and former prime minister Silvio Berlusconi’s court cases.

  • Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case

    Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case

    Citigroup Inc and Deutsche Bank AG may cross-examine four antitrust investigators involved in a criminal cartel prosecution against them, an Australian court ruled on Friday, a win for the defence in a closely watched legal battle. Citi, Deutsche, ANZ and eight of their staff were charged last year with withholding crucial information from shareholders about the sale.