|Bid||0.00 x 3500|
|Ask||0.00 x 14200|
|Day's range||92.52 - 94.72|
|52-week range||66.11 - 98.42|
|PE ratio (TTM)||22.35|
|Forward Dividend & Yield||2.63 (2.44%)|
|1y target est||N/A|
The head of Deutsche Boerse (DB1Gn.DE) met with the German government to discuss a possible merger with London Stock Exchange (LSE.L) before he made a share purchase that sparked an insider trading investigation, according to excerpts of a document reviewed by Reuters. CEO Carsten Kengeter purchased 4.5 million euros (4.01 million pounds) in Deutsche Boerse shares in mid-December of 2015, two months before the announcement of merger talks that resulted in a sharp rise in the share price.
The head of Deutsche Boerse met with the German government to discuss a possible merger with London Stock Exchange (Other OTC: LDNXF - news) before he made a share purchase that sparked an insider trading investigation, according to excerpts of a document reviewed by Reuters. CEO Carsten Kengeter purchased 4.5 million euros in Deutsche Boerse shares in mid-December of 2015, two months before the announcement of merger talks that resulted in a sharp rise in the share price.
LONDON, Oct (Shenzhen: 000069.SZ - news) 10 (Reuters) - European Union lawmakers on Tuesday gave broad support to a law that could end the City of London's global dominance in clearing euro-denominated financial contracts after Brexit. The plan has raised hackles in Britain, where it threatens both job losses and tax revenues. The draft EU law proposes that a foreign clearing house -- which stands between two sides of a transaction to ensure its smooth completion -- must be subject to more intense supervision by the bloc's regulators if it wants to serve customers in the EU.
Deutsche Boerse (DB1Gn.DE) has introduced a profit-sharing scheme on interest rate swaps at its clearing business, seeking to wrest trade from the London Stock Exchange (LSE.L) amid the uncertainty over Britain's departure from the European Union. The German company's Eurex Clearing business in Frankfurt said on Monday it would launch a partnership programme in November, where members will get a share of profits from clearing interest rate swaps (IRS) depending on the volume of business they provide. The London Stock Exchange (LSE) declined to comment.
LONDON, Oct (Shenzhen: 000069.SZ - news) 6 (Reuters) - The spread of ultra-fast trading in stock, bond and currency markets and accompanying "flash crashes" do not call for immediate action from regulators, a senior Bank of England official said on Friday. Salmon said there was much evidence that ultra high-speed automated trading by computer algorithms had made markets more efficient, despite the phenomenon of flash crashes it had given rise to.
Brexit poses risks to the ability of British companies to borrow from European banks and to some clearing activity which might have to relocate from London once Britain leaves the EU, the Bank of England ...
The European Union should not circumvent long-standing principles in insolvency proceedings when allocating losses from a failed clearing house, Bank of England Deputy Governor Jon Cunliffe said on Friday. The bloc is scrutinising a draft law governing the closing down of a struggling clearing house, a third party that comes between both sides of a stock, bond or derivatives trade to ensure completion of the transaction. Cunliffe said the draft law should stick to the legal principle of "no creditor worse off than in insolvency".
Germany's financial regulator BaFin has taken a critical view of a settlement between Deutsche Boerse and Frankfurt prosecutors to clear up a months-long insider trading case, a person familiar with the matter said Friday. Neither Deutsche Boerse nor the Frankfurt public prosecutor would comment.
Deutsche Boerse (IOB: 0H3T.IL - news) said on Thursday it was capping the annual pay packages of its board members at 9.5 million euros ($11.3 million) each, effective from 2017, as it strives to move on from a months-long insider trading crisis. The decision was made at a meeting of the German exchange operator's supervisory board. Joachim Faber, chairman of the board, said the plan was aimed at "preventing possible and unwanted extremes", while at the same time remaining competitive.
Support for Deutsche Boerse (IOB: 0H3T.IL - news) CEO Carsten Kengeter on the exchange group's supervisory board is weakening as investigations into insider trading allegations drag on, according to a person with knowledge of the matter. Last week, Kengeter won a reprieve when the board of the German company agreed to pay a hefty fine for its role in a disputed share purchase by Kengeter to try to end investigations by the Frankfurt prosecutor.
BERLIN/FRANKFURT, Sept 14 (Reuters) - Deutsche Boerse has agreed to pay $12.5 million of fines to try to draw a line under allegations of insider trading over share purchases by Chief Executive Carsten Kengeter. Kengeter, who denies any wrongdoing and is cooperating with authorities, made share purchases shortly before formal merger talks with London Stock Exchange (Other OTC: LDNXF - news) were announced and triggered a sharp rise in Deutsche Boerse's shares. The insider trading investigation has cast a shadow over the German exchange operator's efforts to recover from the failed merger with LSE, drawn criticism from shareholders and made the board reluctant to extend the CEO's contract.
Britain will reject "protectionist" agendas from the European Union in favour of "forward-leaning" proposals when it comes to supervising cross-border financial markets after Brexit, UK finance minister Philip Hammond said on Wednesday. Britain, the bloc's biggest financial centre, acknowledged there are legitimate concerns among its European partners about the oversight and supervision of financial markets after the UK leaves the EU in March 2019, Hammond said.
Deutsche Boerse Chief Executive Officer Carsten Kengeter on Thursday said the stock purchases at the centre of insider trading allegations against him were a "moral duty". Kengeter is under investigation by Frankfurt prosecutors over the allegations, which have cast a shadow over the German exchange operator's efforts to recover from a failed merger with the London Stock Exchange (Other OTC: LDNXF - news) . "I believe when there is an offer from the supervisory board, then there is a moral duty to accept it," Kengeter said of the share-based compensation package he received.
France wants European Union regulators to have a veto over how Britain supervises UK-based clearing houses of euro denominated transactions after Brexit, EU sources said. The demand marks an escalation in efforts by France, the European Central Bank and others to have a decisive say over euro-denominated clearing after Britain leaves the bloc in March 2019. LCH, a unit of the London Stock Exchange (Other OTC: LDNXF - news) , currently dominates clearing of euro denominated derivatives.
English courts should continue to rule on disputes over cross-border derivatives contracts after Brexit to avoid clogging up a $483 trillion global market, a trade body said on Monday. The International Swaps and Derivatives Association (ISDA), which helps to run the market by setting out basic contract terms, said the vast majority of cross-border trades in Europe are currently governed by English law. This means that adjudication between two sides of a trade takes place in an English court as European Union rules allow market participants such as banks and companies to choose which national court they want to rule on disputes.
Deutsche Boerse chief executive Carsten Kengeter has not yet been exonerated from insider trading allegations, officials said on Thursday. On Tuesday, a public statement from Deutsche Boerse spoke of a deal from the Frankfurt prosecutor in which Kengeter would be cleared of any wrongdoing and the exchange operator would be fined 10.5 million euros ($12 million). The German markets watchdog BaFin is now investigating whether Deutsche Boerse's statement misled the public.
A German regional exchange regulator will assess the suitability of Deutsche Boerse (IOB: 0H3T.IL - news) 's management board after allegations of insider trading against the company's chief executive officer earlier this year. A Deutsche Boerse spokesman declined to comment on the news of the investigation, which was first reported by German magazine WirtschaftsWoche. Earlier this year, police and prosecutors searched CEO Carsten Kengeter's office and home amid concerns over Deutsche Boerse share purchases he made just months before the announcement of merger talks with London Stock Exchange (Other OTC: LDNXF - news) .
Deutsche Boerse (IOB: 0H3T.IL - news) is planning to spruce up the Frankfurt stock exchange, a familiar backdrop for TV broadcasts on the German economy, as part of a push to try to attract more retail investors. Deutsche Boerse is seeking to broaden its appeal and burnish its image following the collapse of a proposed merger with London Stock Exchange (Other OTC: LDNXF - news) . Public prosecutors on Tuesday asked Deutsche Boerse to pay fines of 10.5 million euros ($12.1 million) for failing to notify the public in a timely way about the LSE merger talks and for the design of its executive share-buying scheme.
Deutsche Boerse said on Tuesday that Frankfurt's public prosecutor has offered to drop an investigation into Chief Executive Carsten Kengeter over allegations of insider trading if it accepts two fines totalling 10.5 million euros ($12.2 million). Deutsche Boerse said that it was reviewing the matter, adding it "continues to believe the allegations made are unfounded in all respects". Deutsche Boerse's board will spend some days reviewing the offer, outlined in a 10-page document that is not publicly available.
Proposed changes to Britain's listing regime are likely to attract a series of state-backed companies to London's stock markets as governments in oil rich states prepare for a wave of asset sales. The UK financial regulator proposed a new "premium" listing category for state-owned companies on Thursday, intended to make the market more attractive for oil giant Saudi Aramco (IPO-ARMO.SE) as it plans what is expected to be the world's largest ever initial public offering.
DGAP-News: The NAGA Group AG / Key word(s): IPO10.07.2017 / 10:56 The issuer is solely responsible for the content of this announcement.
Global regulators warned on Wednesday of shortcomings in efforts to ensure that clearing houses can recover from a crisis without a meltdown in the financial system or a taxpayer bailout. A number of gaps have been identified at clearing houses which warrant immediate high priority action, the regulators said, adding that gaps in compliance with rules for preventing them from becoming too-big-to-fail must be plugged by December. This has led to a sharp growth in volumes passing through a clearing house, a third party that ensures a trade is completed, even if one side of the transaction goes bust.
The interest rate will be published via a pricing notice at the end of the subscription period, which is expected to be June 29, 2017, at 2p.m. (subject to early closure), and will be set on the basis of the received subscription orders. The margin for the annual fixed interest rate was set today at between 4.5% and 5.0% as a result of investor talks held during the past week.