|Bid||6.83 x 1100|
|Ask||6.94 x 40700|
|Day's Range||6.51 - 6.95|
|52 Week Range||6.44 - 12.52|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.68|
The Federal Open Market Committee dropped the target range for its overnight lending rate by 25 basis points from the previous level. Mike Schumacher, Wells Fargo Securities Global Head of Rates Strategy, joins Yahoo Finance's Adam Shapiro, Julie Hyman, Andy Serwer, and RSM Chief Economist to discuss Joe Brusuelas.
What if there was a way to know when the next recession was close? What if there was a market measure that could clearly communicate economic trouble ahead, without fail? Well, there isn’t. But some analysts ...
Deutsche Bank has named UBS’s former head of wealth management, Jürg Zeltner, to its supervisory board as the troubled lender embarks on a radical overhaul to reduce its reliance on trading and boost income from other sources such as private banking. Mr Zeltner will succeed Richard Meddings, the chairman of UK bank TSB, after he stepped down at the end of July after four years as a Deutsche non-executive director, according to a statement on Thursday. In May, Swiss-born, 52-year-old Mr Zeltner was announced as chief executive of KBL European Private Bankers, a collection of boutique brands including Brown Shipley in the UK.
(Bloomberg) -- Zalando SE lost money for the first five years of its existence, then in 2014 it turned a corner and began posting a profit every year. Evidence suggests meal kit startup HelloFresh SE is following a similar path.The Berlin-based food company is optimistic it can generate a group-wide operating profit this year and sustain and expand profitability in the years to come, Chief Executive Officer Dominik Richter said in an interview on Tuesday. HelloFresh shares rose the most since January in early Frankfurt trading.HelloFresh can “generate much higher profit levels than other e-commerce companies,” because the company controls the entire value chain -- from branded retail to wholesale to logistics, Richter said.The company, which assembles ingredients into boxed meal kits and seeks to convince customers of the benefits of cooking at home, earlier Tuesday reported its first quarterly operating profit, in the April-June period, after sales growth across its markets.The results are “significantly better than what we expected,” Deutsche Bank analysts Nizla Naizer and Silvia Cuneo wrote in a note to clients. They mark “a key turning point for the group in our view.”HelloFresh rose as much as 17.7%, the steepest intraday gain since Jan. 18.The Berlin-based startup is especially strong in the U.S., its biggest market, where it’s surpassed Blue Apron Holdings Inc., expanded its choice of meals, and this week started a special “date night” kit in a marketing partnership with businesswoman and actress Jessica Alba.To contact the reporter on this story: Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Juerg Zeltner, a former UBS manager, is set to become a member of Deutsche Bank's supervisory board, two people with knowledge of the matter said on Monday. In his new role, he will represent the interests of Qatar's royal family - a top shareholder of the German lender -, the sources said. Zeltner, a former head of UBS Wealth Management, was named earlier this year as the chief executive officer of KBL European Private Bankers (KBL epb), which is controlled by the Al-Thani family of Qatar.
Adair Turner, the former City regulator, once intimated that investment bankers were “socially useless” (he actually applied the phrase to activities in “fixed income securities, derivatives . . . and ...
Deutsche Bank faces an uphill battle to revive its struggling equity capital markets business, one of the bank’s top executives has admitted. “Our business is to a large degree driven by client perception,” Josef Ritter, Deutsche’s head of ECM Europe, the Middle East and Africa, told the Financial Times.
The German government is considering the potential sale of its 15.6 per cent stake in Commerzbank and is seeking “open minded” external advice on what to to with its shares in the struggling lender. “The aim is an open-minded evaluation and assessment of the [Commerzbank] stake and the deduction of strategic recommendations for the investment management”, the tender document says. The advisers will also be commissioned to assess a new strategy which Commerzbank’s management is currently working on, and which is scheduled to be unveiled later this year.
Deutsche Bank has angered an already nervous overseas workforce by tightening holiday rules and ending long-service awards for its 50,000 staff outside Germany. A ban on carrying forward unused annual leave at the end of the year has been imposed with immediate effect, leaving workers little time to rearrange their holiday plans, while 10, 25 and 40-year service awards will be ditched from October.
As tension between the US and China spill over to currency markets, Swiss and Japanese policymakers are coming under increasing pressure. The US Treasury’s decision this week to label China a currency ...
Deutsche Bank (DB) makes progress in meeting the radical restructuring targets it had announced in July 2019 to free up capital for other productive business lines.
Britain's opposition Labour Party on Monday called for Prime Minister Boris Johnson to investigate his finance minister Sajid Javid's role in financial misconduct during his previous career as a banker before entering politics. Labour's finance spokesman John McDonnell said he had written to Johnson to reconsider Javid's fitness for the job and should look into three areas of concern relating to the minister's 18-year finance career during which time he worked for Deutsche Bank.
Deutsche Bank has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters. Key to the restructuring is the creation of a 'bad bank' to house 288 billion euros of unwanted assets earmarked for sale or wind-down, including equity derivatives and long-dated interest rate and credit derivatives. Deutsche Bank is still assessing and gauging interest in the assets before repackaging some for sale, the sources said.
Deutsche Bank Chairman Paul Achleitner on Friday bought nearly 1 million euros ($1.11 million) in the bank's shares, according to a regulatory filing. Deutsche's shares hit a record low in June, and executives have embarked on a major overhaul of the lender. Chief Executive Officer Christian Sewing recently announced he would invest a "substantial amount" of his fixed salary in the bank by "personally putting my money where my mouth is".
Mitsubishi UFJ Financial Group (MUFG) reports impressive earnings for first-quarter fiscal 2019 (Jun 30, 2019), driven by low credit costs and higher gross profits.
Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its subsidiary Deutsche Bank Trust Company Americas (DBTCA) have decreased their prime lending from 5.50% to 5.25% effective tomorrow, August 1, 2019. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.