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Deutsche Bank AG (DB)

- NYSE
  • Tue, Feb. 24, 6:17 AM
    • Deutsche Bank (NYSE:DB) will outsource large parts of its wholesale banking IT infrastructure to Hewlett-Packard (NYSE:HPQ) in a multibillion-dollar deal that is expected to significantly cut costs.
    • Under the 10-year agreement, HP will provide computing capacity and data storage to host Deutsche's operations, while the bank will retain activities such as IT architecture and information security.
    • HPQ +0.4% premarket
    | Comment!
  • Tue, Feb. 24, 1:56 AM
    • U.S. officials are probing at least 10 major banks for the possible rigging of precious-metals markets, even though European regulators shelved a similar investigation after finding no evidence of wrongdoing, WSJ reports.
    • The DOJ is scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation.
    • Banks under scrutiny: HSBC, BNS, BCS, CS, DB, GS, JPM, OTCPK:SCGLY, OTCPK:SGBLY, UBS
    | 4 Comments
  • Fri, Feb. 20, 5:52 PM
    • Deutsche Bank (NYSE:DB) and Banco Santander (NYSE:SAN) are likely to fail the Fed's stress test because of shortcomings in how they measure and predict potential losses and risks, Dow Jones reports.
    • Failing the stress tests likely would subject the U.S. units of DB and SAN to restrictions on paying dividends to their European parent companies or other shareholders; SAN already is under such a restriction after failing its first stress test run last year, while DB is undergoing the U.S. stress test process for the first time this year.
    • Both banks passed European Central Bank stress tests in October.
    | 9 Comments
  • Fri, Feb. 20, 12:31 PM
    • Deustche Bank (DB +1.1%) sets a goal of investing €1B in green bonds, adding to the already €200M it owns of the fast-growing market for financing clean-energy projects - security issuance related to the trendy field more than doubled last year to $38.8B, according to Bloomberg.
    • With this move, Deutsche joins Citigroup, Barclays, JPMorgan, Credit Agricole, BofA, and Goldman who have also made high-profile announcements in this area - some for far larger amounts.
    | Comment!
  • Fri, Feb. 20, 4:48 AM
    • Squeezed by new capital and risk rules and tough markets, Wall Street is taking the ax to its workforce, a report by London research firm Coalition shows.
    • The number of investment bankers, traders, salespeople and research analysts at the world’s largest banks has fallen 20% globally since its recent peak in 2010.
    • While job cuts on the front end have become standard, firms have been increasing their back-office hiring to beef up controls in areas ranging from compliance to risk.
    • Related tickers: BAC, BCS, OTCQX:BNPQY, C, CS, DB, GS, JPM, MS, UBS
    | 15 Comments
  • Tue, Feb. 10, 1:54 AM
    • The NY Department of Financial Services has sent subpoenas to Goldman Sachs (NYSE:GS), Credit Suisse (NYSE:CS), BNP Paribas (BNZPY) and Societe General (OTCPK:SCGLY), Reuters reports, expanding its probe of whether banks' electronic trading platforms allow them to front-run clients in the forex market.
    • At issue is a latency period between the time an offer is floated and accepted.
    • The department is already probing Barclays (NYSE:BCS) and Deutsche Bank (NYSE:DB) over similar concerns and installed monitors at those banks in recent months.
    | 3 Comments
  • Tue, Feb. 3, 1:20 PM
    • The EU last year put into place a new bank-resolution law which would force losses on bondholders - 8% of a failing bank's liabilities would have to be wiped out before a bailout could be discussed.
    • Without the systemic support, S&P cuts ratings on Credit Suisse (CS +1.9%), HSBC (HSBC +1.5%), Barclays (BCS +6.2%), Lloyds (LYG +3.6%), RBS (RBS +3.6%), and Standard Chartered (OTCPK:SCBFF +2.4%).
    • Among those on watch for a cut, says S&P, is Deutshce Bank (DB +3.5%).
    | 3 Comments
  • Thu, Jan. 29, 5:26 AM
    • Deutsche Bank (NYSE:DB), which is embroiled in an array of investigations, posted a surprise Q4 net profit today after cutting the reserves it set aside to cover upcoming legal action and on higher investment banking revenue.
    • Net profit of €438M ($494 million) beat expectations of a €289M loss forecast by analysts.
    • "We are working hard to further manage our cost base, maintain our capital strength and increase our returns to shareholders," co-chief executives Anshu Jain and Jurgen Fitschen said in a joint statement.
    • DB +3.8% premarket
    | Comment!
  • Tue, Jan. 27, 3:44 PM
    • “The investment bank is stagnating while the company’s other units are growing,” says an analyst with Bankhaus Metzler who rates the stock a Sell. “Scaling back the investment bank is an option, but you have to ask how they’re going to replace that earnings power.”
    • As recently as Q3 of last year, the unit accounted for the largest share of Deutsche Bank's (DB -2.5%) earnings, but it's set to generate the least profit of any of the lender's four units in Q4. While Co-CEO Anshu Jain pledged to build the investment bank, he and his co-chief Juergen Fitschen may have no choice but to scale back even further when Deutsche updates on its strategic plan in Q2.
    • There's plenty of upside if they get it right: Deutsche trades for just 0.6x tangible book value, the lowest of the top nine global investment banks.
    • 'Investors have a lot of trouble believing that Deutsche Bank’s balance sheet is really going to be worth what they say it is,” says another analyst. “Even if fixed-income markets were to rebound, they’d still be short on capital and unable to reap the benefits.”
    | Comment!
  • Fri, Jan. 16, 9:46 AM
    • The sharp rise in the Swiss franc yesterday triggered about $150M in losses at Deutsche Bank (DB +0.1%), reports the WSJ, and Barclays (BCS -0.9%) suffered tens of millions of losses, a black eye, but not enough to materially impact overall bank results.
    | Comment!
  • Tue, Jan. 13, 8:03 AM
    • When Deutsche (NYSE:DB) unveils this spring the results of its continuing strategy review - dubbed 2015+ - the report could include the sale of its Postbank retail unit, reports the WSJ.
    • The presentation of the plan on an as-yet unidentified date in Q2 will mark a major step for co-CEOs Anshu Jain and Jurgen Fitschen who took over in 2012 with a mandate to accelerate the bank's turnaround.
    • Deustche begain buying Postbank from Deutsche Post in 2008, so its sale would be a big shift for the bank which figured the purchase would boost a thin retail-banking network. One key issue: Germany's banking regulator - BaFin - has so far not allowed Deutsche Bank to tap into Postbank profits or fully use all of its deposits.
    | 1 Comment
  • Mon, Jan. 12, 2:38 AM
    • Nasdaq OMX (NASDAQ:NDAQ) has approached several big banks with a proposal to take over their dark pools, and plans to seek regulatory permission to do so, WSJ reports.
    • Despite coming under increased scrutiny, dark pools have seen a jump in trading volume as brokers seek to avoid high fees on traditional exchanges.
    • Nasdaq CEO Robert Greifeld says the new initiative is in response to the needs of the company’s customers and not a strategic change.
    • Three largest dark pool operators in the U.S.: UBS (NYSE:OUBS), Credit Suisse (NYSE:CS) and Deutsche Bank (NYSE:DB).
    | 1 Comment
  • Dec. 11, 2014, 6:50 AM
    • The New York's Department of Financial Services is investigating Deutsche Bank (NYSE:DB) and Barclays (NYSE:BCS) over algorithms they used on their trading platforms which may have manipulated foreign exchange rates.
    • Ben Lawsky has ordered a monitor to be installed at Deutsche Bank and already has one in place at Barclays.
    • The two banks were not included in the $3.4B forex settlement in November, leaving some to speculate that Lawsky wished to go after the banks later and demand larger penalties.
    • Previously: New York bank regulator reportedly opens currency trading probe (Feb. 05 2014)
    | Comment!
  • Dec. 8, 2014, 3:36 PM
    • Accusing Detusche Bank (DB -2.6%) of engaging in a shell game to avoid paying taxes on about a $100M taxable gain, the IRS is seeking $190M, after adding in penalties and interest.
    | 1 Comment
  • Dec. 8, 2014, 10:28 AM
    • A combination of new regulations and near-zero interest rates has some banks - including JPMorgan (NYSE:JPM), Citigroup (NYSE:C), HSBC, Deutsche Bank (NYSE:DB), and Bank of America (NYSE:BAC) - privately telling larger clients to take their deposits elsewhere or face fees on accounts which have long been free.
    • “Ultimately my balances aren’t as profitable for the banks, and that’s going to impact my business,” says an executive with a title insurance company, complaining of sleepless nights amid negotiations with his bankers.
    • BNY Mellon (NYSE:BK) has begun charging institutional clients money to park money in euros, and State Street (NYSE:STT) says itwill soon begin doing so.
    • Some bankers are advising large clients to break up large deposits across a number of lenders (including smaller banks not subject to the new regulations), and other corporations are going to find themselves needing to build more sophisticated (and riskier) portfolios likely including vehicles like short-term bond funds and uninsured money-market funds.
    | 29 Comments
  • Dec. 5, 2014, 3:35 AM
    • "Deutsche Bank (NYSE:DB) is probably the last truly global institution in Europe," supervisory board chairman Paul Achleitner says, "which makes the intensity of what we have to work off a little larger than many of our competitors."
    • DB's aim is "to be respected again, everywhere."
    • Shares +1.8% on Euronext.
    • Source: Bilanz
    | 1 Comment
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Company Description
Deutsche Bank AG is an investment bank. It offers investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world.
Sector: Financial
Country: Germany