|Day's range||7.40 - 7.40|
As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two sources familiar with the situation said. Deutsche swapped billions of euros in securities for cash and government bonds, the sources told Reuters, which count towards its liquidity coverage ratio (LCR). While a legitimate banking practice, the move underscored concern at Deutsche over the wider turmoil.
As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two sources familiar with the situation said.
While the debt-ceiling impasse, bets on Fed rate hike pause and recession fears are driving gold higher, a stronger dollar and rise in yields are weighing on the yellow metal.
Citi (C), Deutsche Bank (DB), HSBC, Morgan Stanley (MS) and Royal Bank of Canada (RY) have allegedly conspired in chat rooms to swap sensitive information on UK bonds between 2009 and 2013.
Deutsche Bank, General Motors, Unum, StoneCo and Varex have been highlighted in this Screen of The Week article.
Traders at five banks found to have discussed British government bond trading between 2009 and 2013
Five of the world’s biggest banks have been accused of ripping off UK taxpayers after sharing sensitive information when trading government bonds.
(Bloomberg) -- Traders at five major banks colluded in chatrooms to swap sensitive information on UK bonds in the wake of the 2008 financial crisis, Britain’s antitrust agency said in a move that could pave the way for fines for some of the lenders involved.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Slide as Sentiment
Banco Santander, Deutsche Bank and Bancolombia have been highlighted in this Industry Outlook article.
Despite concerns related to higher restructuring costs and uneven economic growth, Zacks Foreign Bank industry stocks like SAN, Deutsche Bank and Bancolombia are poised to benefit.
Deutsche Bank (DB) is an attractive investment option, supported by its expense-reduction initiatives, solid balance sheet and liquidity position, as well as sustainable capital deployment activities.
Rail passengers face fresh travel chaos over the June half term after unions announced new strikes.
Group of women accused lender of helping facilitate US financier’s sex trafficking operations
NEW YORK (Reuters) -Deutsche Bank AG agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. The accord resolves a proposed class action in Manhattan federal court, and was confirmed by the accusers' lawyers late on Wednesday. Deutsche Bank was accused of missing red flags in Epstein's accounts that he was engaged in wrongdoing.
FRANKFURT (Reuters) -Deutsche Bank investors on Wednesday questioned the sustainability of the lender's growth plans and called for a shift of resources from the investment bank, even as they praised CEO Christian Sewing for stabilising the bank. The statements, made at Deutsche Bank's annual general meeting, come after the bank booked 11 consecutive quarters of profit after years of losses, but also amid bank rescues on both sides of the Atlantic that have shaken confidence in the sector. Andreas Thomae of the Deutsche Bank investor Deka said that the bank's targets require a "tailwind" from the markets to be achievable, and rising interest rates have been "pure adrenaline" for the bank.
Deutsche Bank Aktiengesellschaft's ( ETR:DBK ) dividend will be increasing from last year's payment of the same period...
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NEW YORK, May 03, 2023--Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its affiliate Deutsche Bank Trust Company Americas (DBTCA) have increased their prime lending from 8.00% to 8.25% effective tomorrow, May 4, 2023.
Key Insights The considerable ownership by retail investors in Deutsche Bank indicates that they collectively have a...
(Bloomberg) -- Deutsche Bank AG spent a decade shedding jobs, settling legacy litigation and undoing acquisitions that had gone awry after the financial crisis. Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayJerome Powell Could Face More Opposition as Fed Choices Get TougherSigns Are Mounting That a Debt Crunch is LoomingYour Sunday US Briefing: Pressure Mounts on First RepublicBitcoin on Course for Longest Streak of Monthly Gains Since 2021In his first major dea
While the segmental performances were not impressive apart from the Corporate and Private bank divisions, a rise in overall net revenues supports Deutsche Bank's (DB) Q1 earnings.
Deutsche Bank (DB) delivered earnings and revenue surprises of 18.18% and 0.68%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Deutsche Bank, General Motors, Unum, PVH and Asbury Automotive have been highlighted in this Screen of The Week article.
DWS assets under management rose to 841 billion euros during the first quarter, helped by market developments and net inflows. "With the adjusted cost-income ratio at 66.3% in Q1, we are on track to achieve our guidance for the year 2023," chief financial officer Claire Peel said. DWS parent company Deutsche Bank posted a better-than-expected 9% rise in first-quarter profit as income from higher interest rates offset a slump in revenues at the investment bank.
Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. The latest effort to trim Deutsche's workforce reverses a staff buildup of recent quarters. "We need to further speed up and that's what we are doing," Deutsche Bank Chief Executive Officer Christian Sewing told reporters when asked about the cuts.