|Bid||6.80 x 4000|
|Ask||6.81 x 800|
|Day's Range||6.74 - 6.82|
|52 Week Range||6.61 - 13.17|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.70|
The plan is part of an overhaul of Deutsche Bank’s trading operations as Chief Executive Officer Christian Sewing shifts Germany’s biggest lender away from investment banking. As part of the revamp, which isn’t finalized, Deutsche Bank’s equity and rates-trading businesses outside of Europe would be shrunk or closed entirely, according to the FT report. Managers are also set to unveil a new focus on transaction banking and private wealth management, the newspaper said.
Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the Financial Times reported on Sunday. With the creation of the bad bank, Chief Executive Officer Christian Sewing is shifting the German lender away from investment banking and focusing on transaction banking and private wealth management, the newspaper said. The bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters in May.
With the creation of the bad bank, Chief Executive Officer Christian Sewing is shifting the German lender away from investment banking and focusing on transaction banking and private wealth management, the newspaper said. The bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters in May. "As we said at the AGM on May 23, Deutsche Bank is working on measures to accelerate its transformation so as to improve its sustainable profitability.
Deutsche Bank is preparing a deep overhaul of its trading operations including the creation of a so-called bad bank to hold tens of billions of euros of assets as chief executive Christian Sewing shifts Germany’s biggest lender away from investment banking. The proposed bad bank, which is known internally as the non-core asset unit, will comprise mainly of long-dated derivatives, the people said.
Unfortunately for investors, a 3% haircut in advisory fees and fund expenses—a level that’s all too common—makes a huge difference in how fast your wealth grows. If you add up all of the fees in your portfolio, it may reveal a “silent killer” that can devastate your account balances over your working career or a lengthy retirement. For example, let’s say your financial adviser or 401(k) plan provider charges an annual fee of 1% of assets under management.
with a bill, which will allow criminal suspects for the first time to be extradited to mainland China. Opponents of the legislation fear it will allow China to extradite political opponents or others from the city on potentially trumped up charges.
With Deutsche Bank’s share price languishing close to a record low after talks to merge with Commerzbank collapsed this spring, Germany’s biggest bank is going through one of the toughest moments in its 149-year history. There are now serious questions over whether Deutsche will need to raise billions of euros for a further restructuring and, if so, how it will raise the money, hemmed in by its shrunken market capitalisation and increasingly frustrated investors. to its ailing investment bank, after it slumped to a loss over the past six months.
A lawyer for a Dutch housing firm said a Deutsche Bank AG executive “did nothing” about possible kickbacks to an official at the housing company, despite alarm bells that should have indicated “something suspicious” was going on. Rhodri Davies, a lawyer for Stichting Vestia, made the comments to Claus Telaar, the bank’s relationship manager for the housing firm, as he cross-examined him at a London trial last week. Telaar immediately rejected Davies’ remarks.
About 80 former and current employees of Deutsche Bank AG are suspects in an investigation by German prosecutors into an alleged tax fraud, according to a person familiar with the matter. A growing number of Deutsche Bank employees have been ensnared in the years-long probe, including investment bank head Garth Ritchie, as well as ex-chief executive officer Josef Ackermann and former co-CEO Anshu Jain. Sueddeutsche Zeitung reported on Thursday that about 70 current and former employees at Deutsche Bank are facing scrutiny.
Deutsche Bank has warned almost 1,000 corporate clients that they will lose access to basic banking services within weeks because it has not received documents needed to verify their identity. The Frankfurt-based lender has sent hundreds of the termination letters to blue-chip companies, underscoring how banks are scrambling to meet tougher anti-money laundering rules introduced by regulators around the world in recent years.
Deutsche Bank announced today its appointment as depositary bank for the NYSE-listed American Depositary Receipt program of GSX Techedu Inc. “The appointment of Deutsche Bank as depositary bank for the GSX Techedu American Depositary Receipt program demonstrates our ongoing commitment to the Chinese market,” said Brian Studdert, Global Head of Depositary Receipts at Deutsche Bank.
Dutch lender ING Groep has decided against a tie-up with Germany's Commerzbank, German business daily Handelsblatt said in a pre-released report on Monday, citing financial sources. ING's management opted not to pursue the merger a month and a half ago, Handelsblatt reported, after Commerzbank chief executive Martin Zielke and ING boss Ralph Hamers met twice to discuss a potential deal.
Deutsche Bank???s (DB) long-term Issuer Default Rating (IDR) cut to 'BBB' and Viability Rating (VR) to 'bbb', by Fitch Ratings. Moreover, the outlook changes to 'evolving' from 'negative'.
Deutsche Bank has discovered serious failings in its anti-money laundering and sanctions controls that allowed cheques and high-value electronic payments to be processed without proper screening. One of six “core deficiencies” was a “filtering gap” that affects cheques written by corporate clients to foreign recipients, according to people familiar with the review. While the use of cheques is in decline, Deutsche still processes about 50,000 a year through its UK and Ireland cash management unit.
The glare of financial regulators is catching up with the proxy advice industry led by heavyweights Institutional Shareholder Services and Glass Lewis. The Shareholder Rights Directive II, which comes into force in Europe today, will make proxy advisers answerable to financial regulators for the first time.
The bank’s long-term issuer default rating was downgraded to BBB from BBB+, Fitch said in a statement on Friday. “The downgrade of Deutsche Bank reflects its continued difficulty and limited progress in improving its profitability and stabilizing its business model,” Fitch said. The bank has a total of 145.7 billion euros ($165.2 billion) of public bonds and loans outstanding, according to data compiled by Bloomberg.
Fitch Ratings has cut Deutsche Bank’s credit rating, heaping further pressure on the German lender after shares slid to a new all time low this week. Fitch on Friday evening said that it lowered Deutsche’s rating to BBB, or two notches above junk, on concerns over the bank’s ability to execute the restructuring necessary. The downgrade brings Fitch’s view more in line with the assessment of rival rating agency Standard & Poor’s (BBB+).
The Alpha Plus Group is a case study of for-profit education in the twenty-first century. Its portfolio includes a host of prestigious schools, such as Wetherby, which educated Princes William and Harry. The group was first sold to a private equity group in 2002, and then bought in 2007 by clients of Delancey Real Estate Management.
Cologne prosecutors have launched a criminal investigation into Garth Ritchie, Deutsche Bank’s investment banking boss, and other current and former employees over their potential involvement in allegedly illicit tax transactions. The probe of the Deutsche employees relates to their potential involvement in trades handled by Germany’s biggest bank that were used by clients to trick tax authorities into refunding dividend tax that was never paid. People familiar with the matter said one current executive board member was targeted by the investigation — Mr Ritchie, who is also a deputy of Christian Sewing, the chief executive.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Deutsche Bank Mexico, S.A. New York, June 05, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Deutsche Bank Mexico, S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The simultaneous decline of Volkswagen, Deutsche Bank, and Bayer raises questions about businesses in Germany.
As part of a financing agreement signed in 2016, Venezuela received a cash loan from Deutsche Bank and put up 20 tons of gold as collateral. In the meantime, opposition leader Juan Guaido’s parallel government has asked the bank to deposit $120 million into an account outside President Nicolas Maduro’s reach, which represents the difference in price from when the gold was acquired to current levels. As part of efforts to unseat Maduro, the U.S. and more than 50 countries have recognized Guaido as the legitimate leader of Venezuela even though he still doesn’t control key institutions at home, including the central bank.
shares slumped to a fresh record low Monday as pressure continues to mount on the region's biggest lender amid calls to increase its capital buffer and record low interest rates in the struggling European economy. The concerns have added a new dimension to this Thursday's European Central Bank meeting in the Lithuanian capital of Vilnius, one of the final interest rate decisions under the seven year tenure of President Mario Draghi, with investors now pricing in the possibility of fresh monetary stimulus or, at the very least, a longer-term projection for ultra-low and negative interest rates, both of which hurt commercial bank profitability. Limbo Time: How Low Can Deutsche Bank Go?
UBS Group AG and Deutsche Bank AG briefly explored a combination, a deal that on paper would bring together highly complementary businesses to create a leading regional lender. Discussions to marry Switzerland's and Germany's biggest banks stemmed from talks the two were having about combining just their asset management units, Bloomberg News reported. Deutsche Bank needs to arrest an erosion of confidence that has seen its share price drop to a record low.