|Bid||0.00 x 1000|
|Ask||0.00 x 3000|
|Day's Range||12.87 - 13.00|
|52 Week Range||12.66 - 20.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.06|
May.16 -- U.S. regulators are said to have warned Deutsche Bank senior executives that they must act more urgently to fix lapses described in a series of settlements with the Federal Reserve. Bloomberg’s Steven Arons reports on "Bloomberg Markets: European Close."
Deutsche Bank’s chairman will on Thursday face a vote of no-confidence, which could thrust Germany’s biggest bank into a period of even greater uncertainty, after years of underperformance and strategic flip-flops. Mr Achleitner, a charismatic Austrian, has outlasted four chief executives during a tumultuous six years at the helm of Germany’s biggest bank.
Deutsche Bank investors, fed up with a languishing share price and dwindling revenue, will call on its leaders to deliver quicker results at this week's annual general meeting. Chairman Paul Achleitner and newly appointed chief executive Christian Sewing are expected to provide further details of the loss-making bank's refocused strategy at the gathering of up to 4,500 shareholders in Frankfurt on Thursday. Deutsche Bank has said it will scale back its sprawling global investment bank and lean more heavily on retail banking and asset management, following months of turmoil which have also led to calls for Achleitner's departure, following his ousting of former CEO John Cryan in April.
Deutsche Bank (DBKGn.DE) investors, fed up with a languishing share price and dwindling revenue, will call on its leaders to deliver quicker results at this week's annual general meeting. Chairman Paul Achleitner and newly appointed chief executive Christian Sewing are expected to provide further details of the loss-making bank's refocused strategy at the gathering of up to 4,500 shareholders in Frankfurt on Thursday. Deutsche Bank has said it will scale back its sprawling global investment bank and lean more heavily on retail banking and asset management, following months of turmoil which have also led to calls for Achleitner's departure, following his ousting of former CEO John Cryan in April.
Ahead of Deutsche’s AGM on Thursday, Hermes Investment Management called for Deutsche to plan for hiring a new chairman. The bank’s nomination committee should “start to consider plans for the succession of Paul Achleitner,” said Hermes executive director Hans-Christoph Hirt. “Paul Achleitner has not only overseen significant CEO and management board turnover during his six-year tenure but also a number of attempts to define and implement a value creating strategy for Deutsche Bank,” Mr Hirt said.
A former Deutsche Bank AG executive, Nizar Al-Bassam, is suing the German lender to reclaim bonuses totaling about 4 million euros ($4.7 million) following a probe into hiring practices in Russia and the U.K. Al-Bassam, a former head of corporate and debt capital market finance for central and eastern Europe, the Middle East and Africa, said he believed the bank withheld the deferred compensation after investigating his involvement in hiring practices in Russia. “The allegation of misconduct for which the suspension was applied has long-since been abandoned,” Al-Bassam, said in a court filing dated April 26, and released Monday.
Two Market Narratives Look To Duke It Out This Week The major indexes look to be starting the week off with a bang. The S&P 500 (^GSPC) has an implied open above 2,730 for a rise of 0.64% in the premarket session, and the Dow Jones (^DJI) and Nasdaq 100 (^IXIC) ar up 0.85%, for […] The post The Week Ahead – Stocks Break Higher, GE Makes a Move, Revolution Continues in Venezeula appeared first on Market Exclusive.
President Donald Trump’s latest financial disclosure form reports liabilities to banks and financial services firms of between $356.15 million and $480.35 million, including up to $175 million to Deutsche Bank U.S. and $150 million to Ladder Capital, a listed real estate investment trust. Robert Mueller, the special counsel heading the federal inquiry probing alleged Russian interference in the 2016 U.S. presidential race, subpoenaed records regarding Trump’s loans in December 2017, as well information on former Trump campaign chairman Paul Manafort, according to the New York Times.
Deutsche Bank Aktiengesellschaft (XETRA: DBKGn.DB / NYSE: DB) (“Deutsche Bank”) announced today that, in connection with its previously announced offers to exchange (the “Exchange Offers” and each, an “Exchange Offer”), as of 5:00 p.m., New York City time, on 15 May 2018, Deutsche Bank had received tenders to exchange the bonds solicited in the Exchange Offers (the “Original Notes”) with a cumulative aggregate principal amount of approximately $6.2 billion across all series of Original Notes. If the Exchange Offers are consummated with respect to all of the Original Notes tendered as of that time, the six series of fixed rate Original Notes that are currently included in the Bloomberg Barclays US Aggregate Index will be exchanged for new securities of a corresponding series, each with sufficient aggregate principal amount to remain eligible for the same index.
The Fed starts to lose patience with Deutsche Bank AG after three cease and desist orders last year. Bloomberg's Steven Arons reports on "Bloomberg Markets: European Close." (Source: Bloomberg)...
A tense scene unfolded inside Deutsche Bank AG’s Manhattan tower just hours before news began leaking that the firm was looking for a new chief executive officer. U.S. regulators on that day in late March gave senior executives a stern warning that remains in effect: Europe’s biggest investment bank, they said, must act more urgently to fix lapses described in a series of settlements with the Federal Reserve over the past few years. The uneasy encounter, which was followed by another meeting between the Federal Reserve Bank of New York and Chairman Paul Achleitner, underscores a daunting behind-the-scenes challenge facing new CEO Christian Sewing.
The world’s second largest producer of bitcoin mining hardware could soon become the first cryptocurrency company to hit the public markets in Hong Kong. China’s Canaan Inc. applied Tuesday to trade on ...
Deutsche Bank announced today its appointment as depositary bank for NYSE-listed Level III American Depositary Receipt Program of HUYA Inc. HUYA Inc. (HUYA) is a Chinese game live streaming platform headquartered in Guangzhou. HUYA’s live streaming content primarily covers mobile, PC and console games, and has been extended to other entertainment genres such as talent shows, anime and outdoor activities.
ZRPTTX), its publicly registered, daily NAV REIT, has appointed Julianna S. Ingersoll as its new President and Chief Executive Officer. Ingersoll will report to the Board of Directors and assume responsibility for the overall leadership, strategic direction and investment performance of RREEF Property Trust. Ingersoll brings a wealth of financial, market and real estate experience to her new roles.
Germany's federal supreme court on Tuesday sentenced a former Deutsche Bank (DBKGn.DE) employee to three years in prison for his role in a carbon emission permit trading scheme designed to curb global warming but used to fraudulently collect tens of millions of euros of sales tax. The ruling by the Federal Court of Justice affirmed the 2016 lower-court conviction of Helmut Hohnholz, formerly a regional sales manager with Deutsche's global markets division. The case of one former employee of Deutsche's tax accounting division was referred back to lower court as his active role in the crime could not be fully proven.
Deutsche Bank (DBKGn.DE) has no plans to pull out of Asian countries as it restructures its global business, Chief Executive Christian Sewing told staff and clients on his first visit to the region in his new role. After taking the helm at Germany's flagship lender last month, Sewing announced plans to cut back its U.S. investment banking activities where it has been unable to break the grip of the U.S. powerhouses such as Goldman Sachs and JP Morgan. The bank's business in Asia, however, remains key to the lender's global success, Sewing told a company town hall meeting in Singapore on Monday, according to a Hong Kong-based spokeswoman for the bank.
Royal Bank of Scotland Group Plc may overtake Deutsche Bank AG as the European lender with the highest disclosed legal bills since the financial crisis. RBS, which once ran one of the world’s largest securities firms, is set to pay a fine for misconduct by its investment bank. Its role in peddling mortgage-backed bonds that fueled the U.S. housing meltdown could cost RBS $4.9 billion, according to the terms of a tentative deal it reached with the U.S. Justice Department last week.
Neuberger Berman portfolio manager Steve Eisman is betting against Canadian financials, Deutsche Bank and Wells Fargo.
Deutsche Bank's new chief executive Christian Sewing needs to come up with a convincing strategy swiftly to stave off the threat of costly credit downgrades, the leading rating agencies told Reuters. Chances of a downgrade are "at least 50 percent", Giles Edwards, S&P's lead ratings analyst on Deutsche Bank, said in an interview with Reuters. S&P, like its counterparts Moody's and Fitch, is awaiting details on Deutsche's future strategy after the bank announced the outline of a revamp last month.
Deutsche Bank's (DBKGn.DE) new chief executive Christian Sewing needs to come up with a convincing strategy swiftly to stave off the threat of costly credit downgrades, the leading rating agencies told Reuters. Chances of a downgrade are "at least 50 percent", Giles Edwards, S&P's lead ratings analyst on Deutsche Bank, said in an interview with Reuters. S&P, like its counterparts Moody's and Fitch, is awaiting details on Deutsche's future strategy after the bank announced the outline of a revamp last month.
Deutsche Bank AG’s chief executive officer told employees in Asia that the bank isn’t planning to exit any country in the region as it presses ahead with a global overhaul, according to people familiar with the matter. Christian Sewing made the assurances at a townhall meeting in Singapore, the people said, asking not to be identified as the speech was private. During a separate investor forum that marked his first trip to Asia since taking over from John Cryan, he pledged to keep the struggling lender “strong” in the region even as it shuts offices and businesses elsewhere.
Steve Eisman, the Neuberger Berman Group money manager who famously predicted the collapse of subprime mortgages before the 2008 financial crisis, recommended shorting Deutsche Bank AG shares. “Deutsche Bank has real profitability issues,” Eisman said in a Bloomberg Television interview in Hong Kong. “Deutsche Bank is a problem bank.