|Bid||11.92 x 1300|
|Ask||11.93 x 1200|
|Day's range||11.86 - 11.94|
|52-week range||10.36 - 20.23|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.44|
Jul.11 -- Deutsche Bank top executives have been meeting with leaders of big U.S. private equity firms as it seeks to win more business with Wall Street’s most active dealmakers. Bloomberg's Sonali Basak reports on "Bloomberg Markets: European Close."
The highest-ranking Deutsche Bank AG executive to testify over a suspicious trade with Banca Monte dei Paschi di Siena SpA said the deal was legitimate and carried risk, and was not designed as a sure-fire bet to hide losses at the Italian bank, as prosecutors allege. Deutsche Bank approved the trade, dubbed Santorini, at the height of the credit panic in the autumn of 2008. The attention paid to risk was at its highest then as losses piled up left and right, Michele Faissola, a former managing director and head of global rates at the time of the deal, said in testimony in Milan on Thursday.
Jim Cramer sits down with Martin Schroeter, senior vice president of IBM global markets, who says IBM is a leading choice for blockchain implementation among international companies.
Deutsche Bank today announced its appointment as successor New York transfer agent for Koninklijke Philips N.V.’s NYSE-Listed New York Registry Shares program.
For the first time in a while, Deutsche Bank (DB) came up in the headlines with good news. Germany's biggest bank said Monday that its second quarter was much stronger than analysts had expected.
Former Deutsche Bank AG executive Michele Foresti, in key court testimony, denied he manipulated the firm’s indexes as part of an allegedly fraudulent scheme to help Banca Monte dei Paschi di Siena SpA conceal losses. Foresti, who has been charged with colluding with Paschi to falsify accounts and manipulate Paschi’s securities, blamed his former employer for a series of "startling" errors in its assessment of the 2008 transaction, including the allegation of potential rigging. Italian prosecutors have accused Deutsche Bank of running an international criminal association.
The German lender’s second-quarter earnings will be significantly better than analysts forecast, mostly because of CEO Christian Sewing’s cutbacks. The improvement forced Deutsche to pre-announce key elements of its coming results Monday. Deutsche said its second-quarter costs would be €5.8 billion, which is €200 million less than current analyst forecasts and brings the bank closer to hitting its full-year target of €23 billion.
Deutsche Bank expects second-quarter net profits will be more than double analysts' forecasts in a rare piece of good news for Germany's largest bank which is cutting costs to try to revive profitability. It is a positive sign for new chief executive Christian Sewing, who took over in April and has embarked on plans to cut more than 7,000 jobs in an overhaul of the bank.
Deutsche Bank (DBKGn.DE) expects second-quarter net profits will be more than double analysts' forecasts in a rare piece of good news for Germany's largest bank which is cutting costs to try to revive profitability. It is a positive sign for new chief executive Christian Sewing, who took over in April and has embarked on plans to cut more than 7,000 jobs in an overhaul of the bank.
Deutsche Bank AG has a positive surprise for investors: Second-quarter earnings will be better than analysts had feared. For the long-suffering Deutsche shareholders, a lucky general is far preferable to one miserable defeat after another.
Deutsche Bank AG / Key word(s): Quarter ResultsDeutsche Bank announces above consensus preliminary results for the second quarter of 2018e Bank AG: 16-Jul-2018 / 10:25 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Frankfurt am Main, July 16, 2018 - Deutsche Bank (XETRA: DBKGn. ...
Barclays Plc is helping Aveanna Healthcare LLC get a $221 million loan for its purchase of Premier Healthcare Services LLC, adding to a $900 million debt last year. Now some observers warn that they’re pushing into a borrowing binge that’s spooked some of the world’s biggest money managers and been described by the Bank of England as a risk to financial stability. “This gain in market share appears to result from European banks’ willingness to stretch even further on leverage levels, structure and pricing,” said Michael Barnes, co-chief investment officer at Tricadia Capital Management LLC in New York.
When an indebted infant health-care company in Atlanta wanted to borrow hundreds of millions of dollars to buy a rival in Pasadena, it turned to a lender thousands of miles away in London.
One former Barclays Plc trader was convicted, one ex-Deutsche Bank AG executive pleaded guilty and another from that lender was acquitted of conspiring to rig Euribor, the interest rate benchmark behind trillions of dollars worth of securities. Philippe Moryoussef was found guilty of manipulating Euribor, while Achim Kraemer was acquitted. The jury was unable to reach a verdict on Colin Bermingham, Sisse Bohart and Carlo Palombo.
Deutsche Bank AG became the latest foreign bank to be allowed to underwrite China’s corporate bonds as the government opens up the onshore debt market. The German bank has received approval from the National Association of Financial Market Institutional Investors, or NAFMII, to underwrite corporate bonds sold by both onshore and offshore issuers in the interbank market, it said in a statement. A year ago, China started allowing overseas investors to invest via Hong Kong through the bond-connect program in the bigger of China’s two debt markets.
Pomerantz LLP announces that a class action lawsuit has been filed against Deutsche Bank Aktiengesellschaft (“Deutsche Bank” or the “Company”) (DB) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 18-cv-05104, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired Deutsche Bank securities between March 20, 2017 through May 30, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Deutsche Bank Aktiengesellschaft (DB) (“Deutsche Bank” or the “Company”) securities during the period between March 20, 2017 through May 30, 2018, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until August 6, 2018 to seek appointment as lead plaintiff. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
July 11 (Reuters) - Beijing-based spokesman for Industrial and Commercial Bank of China says: * FRIDAY MEDIA REPORTS ON ICBC CONSIDERING TO ACQUIRE A DEUTSCHE BANK STAKE NOT FACTUAL Further company coverage: ...
Deutsche Bank AG appointed Richard Chung as head of equities for the Asia-Pacific region, filling a key position as it overhauls its stock business in a bid to revive profit. Chung, who was previously co-head of equity execution in the region, replaces James Boyle, who resigned this month amid the global restructuring. Two other executives, Paddy Hogan and Marlon Sanchez, were named as co-heads of the institutional clients group for Asia-Pacific equities, according to a company memo.
Deutsche Bank AG is deploying top executives, as well as billions of dollars, as it seeks to win more business with Wall Street’s most active dealmakers. Chief Executive Officer Christian Sewing and other senior managers at the bank have fanned out in recent weeks to meet leaders of big U.S. private equity firms, looking to strengthen relationships and drum up mandates for financing buyouts, according to people with knowledge of the strategy. “It’s a piece that does fit as part of our strengths within the Americas, we’re not going to hide from that,” said Mark Fedorcik, co-president of the investment-banking business, who declined to comment on the balance-sheet commitment.
Deutsche Bank has hired one of its top shareholders, New York private-equity firm Cerberus Capital Management LP, as a paid adviser to help the troubled lender tackle runaway costs and boost lagging profits. The appointment of Cerberus comes as Chief Executive Christian Sewing tries to revive the German bank’s fortunes after three consecutive full-year losses, market-share declines and strategic upheaval. Cerberus President Matt Zames, the former chief operating officer of JPMorgan Chase & Co., is leading the advisory team working with Deutsche Bank, a Cerberus spokesman said. As a private-equity investor, Cerberus often provides advice for a fee to its portfolio companies. The arrangement with publicly traded Deutsche Bank, which hasn’t previously been reported, makes Cerberus the only Deutsche Bank shareholder in a paid advisory role, formally bringing a firm with skin in the game inside the bank’s operations, according to people familiar with details of the arrangement.