DBK.DE - Deutsche Bank Aktiengesellschaft

XETRA - XETRA Delayed price. Currency in EUR
7.78
-0.04 (-0.54%)
At close: 5:35PM CEST
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Previous close7.82
Open7.85
Bid7.79 x 555100
Ask7.79 x 230000
Day's range7.64 - 7.87
52-week range6.68 - 12.21
Volume14,675,634
Avg. volume13,732,163
Market cap16.111B
Beta (3Y monthly)1.56
PE ratio (TTM)N/A
EPS (TTM)-0.01
Earnings date25 Apr 2019
Forward dividend & yield0.11 (1.35%)
Ex-dividend date2019-05-24
1y target estN/A
  • Bloombergyesterday

    Deutsche Bank's Asset Manager Is Examining Growth Partners

    DWS Group is considering various options including joint ventures and distribution partnerships, the people said. The company isn’t looking at scenarios where Deutsche Bank would lose control over the unit, the people said. Shares of DWS reversed gains on the news and were down 0.75 percent at 5:09 p.m. in Frankfurt after rising as much as 1.3 percent earlier.

  • Bonds Signal Deutsche Bank-Commerzbank Tie Up Looks Less Likely
    Bloombergyesterday

    Bonds Signal Deutsche Bank-Commerzbank Tie Up Looks Less Likely

    The cost of insuring the debt of Germany’s two largest private-sector lenders against default is diverging and currently stands at the furthest apart in around two months, according to data compiled by Bloomberg. Deutsche Bank is about double the size of crosstown rival Commerzbank AG, but is considered riskier, with credit ratings that are about two steps lower. Deutsche Bank is said to be working on an alternative strategy in case merger talks collapse.

  • Deutsche Bank Said to Prepare Plan B If Takeover Talks Fail
    Bloombergyesterday

    Deutsche Bank Said to Prepare Plan B If Takeover Talks Fail

    Some top shareholders want the bank to prepare options as obstacles to a combination pile up, according to people familiar with the matter. Chief Executive Officer Christian Sewing is considering two basic scenarios: a small update that would mainly consist of more and accelerated cost cuts including at the investment bank, and a bigger strategy shift that would create upfront costs, said one of the people. Formal talks between the two lenders have dragged on for almost five weeks and there’s no indication that an agreement is near.

  • CNBCyesterday

    Deutsche Bank shares slip amid $20 billion Russian money-laundering allegations

    Shares in Deutsche Bank slipped nearly 2% on Thursday morning following reports the German bank could face legal action over a $20 billion Russian money-laundering scheme.

  • Commerzbank Suitors Line Up as Deutsche Bank Discussions Drag On
    Bloombergyesterday

    Commerzbank Suitors Line Up as Deutsche Bank Discussions Drag On

    Commerzbank, the smaller of the two, is attracting the most interest, perhaps because it would be easier to digest. Dutch lender ING Groep NV has reached out to the bank and the German government to seek talks, and UniCredit SpA is weighing a potential bid, people familiar with the matter have said. The German Finance Ministry, which oversees the country’s roughly 15 percent stake in Commerzbank, has encouraged the firm’s negotiations with Deutsche Bank.

  • Deutsche Bank faces action over $20bn Russian money-laundering scheme
    The Guardian2 days ago

    Deutsche Bank faces action over $20bn Russian money-laundering scheme

    Deutsche Bank says it has ‘reduced its footprint’ across the post-Soviet region. Photograph: Michael Probst/APGermany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, a confidential internal report seen by the Guardian says.The bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche concedes that the scandal has hurt its “global brand” – and is likely to cause “client attrition”, loss of investor confidence and a decline in its market value.Deutsche Bank was embroiled in a vast money-laundering operation, dubbed the Global Laundromat. Russian criminals with links to the Kremlin and the KGB used the scheme between 2010 and 2014 to move money into the western financial system. The cash involved could total $80bn, detectives believe.Shell companies typically based in the UK “loaned” money to each other. Companies then defaulted on this large fictitious debt. Corrupt judges in Moldova authenticated the debt – with billions transferred to Moldova and the Baltics via a bank in Latvia.Deutsche Bank was used to launder the money via its corresponding banking network – effectively allowing illegal Russian payments to be funnelled to the US, the European Union and Asia.The bank was entirely unaware of the scam until the Guardian and Organised Crime and Corruption Reporting Project (OCCRP) broke the story in March 2017, the report says. The first it knew was an email from the Guardian and Germany’s Süddeutsche Zeitung newspaper asking for comment.“Only with this intelligence received is it now possible for Deutsche Bank to start global investigations,” it notes.In the embarrassing aftermath, the bank asked two in-house financial crime investigators – Philippe Vollot and Hinrich Völcker – to find out what had gone wrong. Their nine-page presentation was shared last year with the audit committee of the bank’s supervisory board and is marked “strictly confidential”.The pair identified numerous “high-risk entities”. They included 1,244 in the US, 329 in the UK and 950 in Germany. These entities were responsible for nearly 700,000 transactions, the report says, involving at least £62m in the UK, $47m in the US, and €55m in Germany.As part of its investigation, Deutsche Bank sent 149 “suspicious activity reports” to the National Crime Agency in London. Similar disclosures of potential money-laundering transactions were made to authorities in the US and elsewhere – with 30 private and corporate Deutsche Bank clients reported. Some may have been “unknowingly used”, the report says.The affair is a further blow to Deutsche Banks’s ailing reputation. It comes amid police raids on its Frankfurt HQ over the Panama Papers, a plunging share price and talks over a possible merger with Germany’s Commerzbank. The raid last November came after German prosecutors alleged two bank employees helped clients launder money via offshore firms.Deutsche is also under scrutiny in Washington over its financial dealings with Donald Trump. On 15 April, Democrats from the House intelligence and financial services committees issued a subpoena, demanding the bank provide documents about its lending to the president.Over two decades, Trump borrowed more than $2bn from Deutsche. In 2008, he defaulted on a $45m loan repayment and sued the bank. Its private wealth division in New York subsequently loaned Trump a further $300m – a move that bemused insiders and which has yet to be fully explained.In recent years, the bank has had a series of bruising encounters with international regulators. Between 2011 and 2018, it paid $14.5bn in fines, with exposure to dubious Russian money a regular theme.In 2017, the UK’s Financial Conduct Authority imposed its largest fine – £163m – after Deutsche carried out a $10bn “mirror trade” scheme run out of its branch in Moscow. The New York Department of Financial Services (DFS) fined the bank $425m over the same case, in which roubles were converted into dollars via fake trades on behalf of VIP Russian clients.Deutsche carried out an internal investigation into the “mirror trades” affair, “Project Square”. The leaked Global Laundromat report says there is “no systematic link” between the two Russian money-laundering schemes. However, it suggests some overlap. Two unnamed entities feature in both and 46 “mirror trade” entities “directly transacted” with 233 laundromat ones.The leaked report says Deutsche has cleaned up its act. It says it has stopped doing business with the two banks at the centre of the Laundromat scandal – Moldova’s Moldindconbank and Latvia’s Trasta Komercbanka. Regulators in Latvia closed down Trasta in 2016 because of serial money-laundering violations.Deutsche Bank says it has “reduced its footprint” across the post-Soviet region. It no longer has relationships with any banks in Moldova, Latvia, Estonia and Cyprus, the report says. All are favourite destinations for illicit Moscow money. The bank has scaled down its business activities in Russia and Ukraine, it says.The bank is under investigation for its role in Europe’s biggest banking scandal, involving Denmark’s Danske Bank. Danske laundered €200bn (£178bn) of Russian money via its branch in Estonia. Deutsche provided correspondent banking services via its US subsidiary.Deutsche Bank said it could not comment on “potential or ongoing investigations”, or on “any matters regarding our regulators”. It said it was committed to providing “appropriate information to all authorised investigations”.The bank said: “We have considerably increased staff numbers in anti-financial crime and more than tripled our staff since 2015. Since 2016 we have invested €700m in upgrading our key control functions there.”

  • House Democrats subpoena Deutsche Bank, other institutions in probe into Trump’s finances
    MarketWatch4 days ago

    House Democrats subpoena Deutsche Bank, other institutions in probe into Trump’s finances

    House Intelligence Committee Chairman Adam Schiff, D-Calif., said in a statement that the subpoenas are part of an investigation “into allegations of potential foreign influence on the U.S. political process.”

  • Reuters4 days ago

    U.S. House panels issue subpoenas to Deutsche Bank, others in Trump probe

    Two U.S. House of Representatives committees have issued subpoenas to multiple financial institutions, including Deutsche Bank AG, for information on President Donald Trump's finances, the panels' Democratic leaders said on Monday. The Financial Services Committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible," the committee's chair, Maxine Waters, said in a statement.

  • Deutsche Bank Could Lose $1.7 Billion in Revenue If Deal Happens
    Bloomberg4 days ago

    Deutsche Bank Could Lose $1.7 Billion in Revenue If Deal Happens

    Customers seeking to reduce their exposure to the combined lender could pull business worth 1 billion euros to 1.5 billion euros ($1.1 billion to $1.7 billion), people familiar with the matter said. The estimate is a key factor in deciding whether a deal makes sense, the people said, asking not to be identified in discussing internal deliberations. The loss of business and expected restructuring costs would have to be offset over time by cost savings, currently estimated at about 40 percent of Commerzbank’s cost base, or 2.7 billion euros, the people said.

  • Deutsche Bank Upgraded Barrick Gold
    Market Realist4 days ago

    Deutsche Bank Upgraded Barrick Gold

    Why Is Deutsche Bank Bullish on Gold?(Continued from Prior Part)Deutsche Bank upgraded Barrick Gold Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019. Due to

  • Why Is Deutsche Bank Bullish on Gold?
    Market Realist4 days ago

    Why Is Deutsche Bank Bullish on Gold?

    Why Is Deutsche Bank Bullish on Gold?Gold price performance Gold prices (GLD) have risen 0.5% YTD (year-to-date) as of April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY). The Dow Jones Industrial Average Index (DIA) and the

  • Reuters7 days ago

    Deutsche Bank CEO and chairman to stay in top roles after possible merger - Spiegel

    Deutsche Bank's current Chief Executive Christian Sewing and Chairman Paul Achleitner would continue to lead the bank if it merges with Commerzbank, a German magazine reported on Friday. Der Spiegel, citing no sources, reported that Commerzbank's CEO Martin Zielke would serve as deputy CEO of the combined group in charge of private and corporate banking. If the banks merge, Garth Ritchie of Deutsche Bank would continue to lead the investment bank, Spiegel reported.

  • Don't Write Off Germany's Big Bank Merger Just Yet
    Bloomberg7 days ago

    Don't Write Off Germany's Big Bank Merger Just Yet

    In recent days, labor representatives on Commerzbank’s board have signaled they are so opposed the deal they will try to remove CEO Martin Zielke. If the merger were to fail, Italy’s UniCredit SpA is poised to acquire Commerzbank, while France’s BNP Paribas SA has also shown interest in the German lender, according to press reports. The last thing Deutsche Bank needs is a stronger competitor in the most attractive pocket of German banking – providing services to small- and medium-sized companies.

  • Reuters8 days ago

    Deutsche Bank investor to file AGM motion to oust chairman

    Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the bank's chairman Paul Achleitner at this year's annual general meeting, a lawyer for the shareholder said on Thursday. Jan Bayer, Riebeck-Brauerei's lawyer, said the justification to oust Achleitner was for his "dismal performance" and for pursuing a "value-destructive" merger with Commerzbank. Riebeck-Brauerei is an investment company which has a small shareholding in Deutsche Bank.

  • Reuters8 days ago

    Qatar has no say in who runs Deutsche: foreign minister

    Qatar has no direct say in who runs Deutsche Bank, the country's foreign minister said when he was asked on Thursday for Doha's view on merger talks between Deutsche Bank and fellow German lender Commerzbank. Some 6.1 percent of the shares in Germany's troubled lender are owned by two members of Qatar's wealthy royal family, and the country's sovereign wealth fund has also previously considered building a stake. "Qatar invests in many areas in Germany," said foreign minister Mohammed bin Abdulrahman al-Thani at a press conference after talks with his German counterpart.

  • Reuters8 days ago

    Qatar has no say in who runs Deutsche - foreign minister

    Qatar has no direct say in who runs Deutsche Bank, the country's foreign minister said when he was asked on Thursday for Doha's view on merger talks between Deutsche Bank and fellow German lender Commerzbank. Some 6.1 percent of the shares in Germany's troubled lender are owned by two members of Qatar's wealthy royal family, and the country's sovereign wealth fund has also previously considered building a stake. "Qatar invests in many areas in Germany," said foreign minister Mohammed bin Abdulrahman al-Thani at a press conference after talks with his German counterpart.

  • Commerzbank chairman dismisses 'irresponsible' reports of dissatisfaction with CEO
    Reuters8 days ago

    Commerzbank chairman dismisses 'irresponsible' reports of dissatisfaction with CEO

    Commerzbank's supervisory board chairman on Thursday dismissed reports of board dissatisfaction with its chief executive as irresponsible and unfounded. Chairman Stefan Schmittmann was reacting to reports in recent days that some board members were pushing Commerzbank to end merger talks with rival Deutsche Bank and push CEO Martin Zielke from office. "Rumors and speculation on personnel changes are made up out of thin air," Schmittmann said in a statement emailed to Reuters.

  • Deutsche Bank and Commerzbank Disagree Over Timing of Talks
    Bloomberg8 days ago

    Deutsche Bank and Commerzbank Disagree Over Timing of Talks

    While Commerzbank Chief Executive Officer Martin Zielke wants a decision as soon as possible, Deutsche Bank CEO Christian Sewing wants time to assess the deal, the people said, asking not to be identified. Representatives for Deutsche Bank and Commerzbank declined to comment.

  • Deutsche Bank CEO wants more time to assess Commerzbank merger - Die Welt
    Reuters9 days ago

    Deutsche Bank CEO wants more time to assess Commerzbank merger - Die Welt

    Deutsche Bank Chief Executive Christian Sewing has told his counterpart at Commerzbank that he wants more time to consider a merger, a German newspaper reported on Wednesday. Die Welt, without citing any sources, reported that Sewing delivered the message in a meeting with Commerzbank CEO Martin Zielke on Tuesday evening. Deutsche's management board met earlier on Tuesday.

  • Bloomberg9 days ago

    Deutsche Bank Merger Will Be Assessed for Risks, Merkel Says

    “Anything that involves a merger will very well take into account systemic risks,” Merkel told lawmakers in the lower house of parliament on Wednesday. “We know that the bigger the bank, the more capital requirements it has. All of that is regulated” by German and European authorities, she said, responding to a question on Deutsche Bank.

  • Reuters9 days ago

    Result of Deutsche-Commerzbank merger talks is open, says Merkel

    BERLIN (Reuters) - The result of merger talks between Deutsche Bank and Commerzbank is open, Chancellor Angela Merkel said on Wednesday, adding that the government should not meddle in the negotiations. ...

  • Deutsche Bank Lawyers Cleared Seven Years After Arrest in Tax Raid
    Bloomberg9 days ago

    Deutsche Bank Lawyers Cleared Seven Years After Arrest in Tax Raid

    A Frankfurt appeals court last month ruled that there wasn’t enough evidence for an arrest warrant to support prosecutors suspicions that the two in-house lawyers -- Michael Schroeder and Peter Lindt -- were conspiring to obstruct a probe into a carbon-emission tax scheme. “I’m finally rehabilitated, but only after a long march through all court levels,” said Schroeder, 61, who fought the case on his own for years even after prosecutors had dropped the probe in 2017.

  • Berlin reveals contacts with Deutsche Bank amid merger talks
    Reuters10 days ago

    Berlin reveals contacts with Deutsche Bank amid merger talks

    Deutsche Bank's Chief Executive had a series of meetings with Germany's deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government. The contact underscores the attention Germany's finance ministry has given to the country's largest bank at a critical juncture that will determine whether the state becomes a shareholder in the group. In a letter answering a question from a German lawmaker, seen by Reuters, the government said Deutsche CEO Christian Sewing had met three times this year with Germany's deputy finance minister, Joerg Kukies.

  • Qatar plan for further stake in Deutsche Bank has stalled: sources
    Reuters10 days ago

    Qatar plan for further stake in Deutsche Bank has stalled: sources

    A plan by Qatar's sovereign wealth fund to make a significant investment in Deutsche Bank has stalled, according to two people with knowledge of the matter. The Qatar Investment Authority (QIA) approached financial regulators months ago to seek approval to buy a big stake in Germany's largest lender, the people said. Qatar's royal family already holds a combined 6.1 percent stake in Deutsche Bank.

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