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Deutsche Bank AG (DB)

  • Dec. 13, 2012, 7:59 AM
    Deutsche Bank (DB) sees a "significant negative impact" on Q4 earnings from various items, including restructuring costs and valuation adjustments to certain assets. The company also sets up its bad bank (called the "Non-core operations unit"), targeting €122B of assets for it. Shares -2% premarket. (PR)
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  • Dec. 13, 2012, 3:12 AM
    Deutsche Bank (DB) co-CEO Jurgen Fitschen and CFO Stefan Krause have been caught up in an investigation into whether staff attempted to avoid sales tax on carbon trading. Authorities are looking into whether Fitschen and Krause were involved with the signing of certain tax forms. Bank offices in Frankfurt, Düsseldorf and Berlin were raided yesterday and five people arrested, although not Fitschen or Krause.
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  • Dec. 12, 2012, 5:48 AM
    Prosecutors investigating a tax-evasion scheme involving the trading of carbon permits raid Deutsche Bank's (DB) Frankfurt headquarters. The search follows DB suspending a number of staff in October after a judge criticized the bank last year during a trial over the tax evasion.
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  • Dec. 7, 2012, 7:24 AM
    Owners of Japanese stocks can take comfort that these sorts of things happen a lot closer to the bottom than the top: Deutsche Bank has halted equity coverage on 11 of 27 Japanese industries. Along with the move comes a further paring of the bank's headcount in Japan.
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  • Dec. 7, 2012, 3:55 AM
    BaFin, the German bank supervisor, reportedly attended audit committee meetings at Deutsche Bank (DB) during 2008-09, when the firm failed to recognize up to $12B of trading losses that could have forced it to seek a bailout. News that BaFin may have known about the valuations could spark tensions with the SEC and make it more difficult for the U.S. agency to bring a case against Deutsche Bank.
  • Dec. 5, 2012, 5:14 PM
    More on Deutsche Bank (DB) (previous): Robert Khuzami, head of enforcement at the SEC, has recused himself from any investigation as he was general counsel for Deutsche's U.S. operations during the time in question. Current general counsel Dick Walker used to hold Khuzami's job at the SEC.
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  • Dec. 5, 2012, 5:03 PM
    Attempting to avoid a bailout during the financial crisis, Deutsche Bank (DB) - with knowledge of senior executives - hid about $12B in losses on a massive derivatives trade, according to three former employees. The complaints - made to regulators including the SEC - were all made independently of each other over the past two years. Deutsche says the allegations are old news and an investigation has found them to be "wholly unfounded." Shares -3.5% AH.
  • Dec. 3, 2012, 3:37 AM
    UBS (UBS) is reportedly nearing an agreement with U.K. and U.S. authorities to pay over $450M to settle allegations that it manipulated global inter-bank interest rates, including Libor. The amount would top the $450M that Barclays paid to settle accusations over its role in the rate rigging, and could increase the possibility that other banks such as RBS (RBS) and Deutsche Bank (DB) will face large fines as well.
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  • Nov. 28, 2012, 1:57 PM
    The pendulum continues to swing towards too much capital for banks as the Fed considers forcing U.S. units of foreign lenders to house the businesses in regulated holding companies. It makes sense from the Fed point of view - the U.S. unit of, say, Barclays, could be more easily wound down in a crisis. For the banks, it's another hit to ROE.
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  • Nov. 28, 2012, 3:56 AM
    The Fed is reportedly considering forcing foreign banks to combine their U.S. operations into American holding companies, which would require the units to meet minimum capital standards regardless of the resources of the parent firms. The move could increase costs, force foreign banks to inject billions of dollars into their U.S. ops, limit the movement of capital and even hurt lending.
  • Nov. 21, 2012, 7:44 AM
    "Only a few large universal banks will remain," says new Deutsche Bank (DB) co-CEO Anshu Jain, expecting significant consolidation as "the price of being global has gone up dramatically." If he's right, 25K job cuts in investment banks announced so far is just a down payment.
  • Nov. 18, 2012, 2:17 AM
    A German judge could force Deutsche Bank (DB) to pay up to €1.5B in damages to the the heirs of Leo Kirch over the collapse of his media empire in 2002 if the bank declines to settle the case. Kirch, who died last year, sued DB over comments former CEO Rolf Breuer made about Kirch Group's ability to obtain financing and his alleged maneuverings to split up the company.
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  • Nov. 12, 2012, 2:54 PM
    Deutsche Bank (DB) loses its bid to dismiss the FHFA's lawsuit accusing the bank of misleading the housing agencies into buying $14.2B of MBS. Like JPMorgan and Merrill Lynch - who last week had a ruling in a similar suit go against them (from the same judge) - Deutsche is likely toast if this ever gets in front of a jury. Look for a settlement.
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  • Nov. 2, 2012, 5:32 AM
    Citigroup (C), Deutsche Bank (DB), HSBC (HBC) and JPMorgan (JPM) will have to hold an extra 2.5% of Tier 1 Capital on top of the 7% minimum required under Basel III rules, regulators said yesterday. Barclays (BCS) and BNP Paribas will need an extra 2%, while eight banks, including BofA (BAC) and Goldman Sachs (GS), will need 1.5%. Overall, 28 banks are considered "global systemically important" and have to hold extra capital. Lloyds (LYG) has dropped off the list but BBVA (BBVA) and StanChart have joined it.
  • Oct. 31, 2012, 10:50 AM
    You're next, says UBS Chairman Axel Weber to competitors angling for more business as UBS plans to axe 10K jobs from its investment banking unit (and eliminate fixed-income altogether). "I suspect that many banks have not yet really understood ... the consequences of the new capital rules." Among those eyeing a big meal who instead may end up on the menu: Barclays (BCS) and Deutsche Bank (DB).
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  • Oct. 31, 2012, 9:10 AM
    Premarket gainers: PVH +18%. UBS +14%. ANAD +12%. GNRC +13%. VRNG +8%. TTWO +7%. NOK +6%. DB +5%.
    Losers: WU -17%. NBG -16%. RVBD -11%. WPRT -11%. BIDU -5%.
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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