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Deutsche Bank AG (DB)

  • Jul. 1, 2013, 7:14 AM
    The EU logs antitrust charges against Markit, the ISDA and 13 banks for blocking exchanges in the credit derivatives business. "The banks acted collectively to shut out exchanges from the market because they feared that exchange trading would have reduced their revenues." Banks charged: BAC, BCS, C, MS, CS, DB, GS, HBC, JPM, RBS, UBS, BNPQY.PK.
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  • Jun. 17, 2013, 10:12 AM
    Deutsche Bank (DB) is leading a wave of big banks ramping up exposure to single-family housing by extending credit to Wall Street firms so they can buy up homes to turn them into rentals. The bank reportedly just lent another $1.5B to Blackstone (BX) after an earlier $2.1B line got used up. Wayne Hughes' American Homes 4 Rent has as much as a $1B line from Wells Fargo (WFC), and SilverBay Realty (SBY) just inked a $200M facility from Bank of America (BAC) and JPMorgan (JPM).
  • Jun. 14, 2013, 4:35 PM
    Deutsche Bank (DB -2%) is "horribly undercapitalized" with "no margin for error," the worst of all global banks based on at least one measurement of leverage, says FDIC vice chairman and former Fed maverick Thomas Hoenig. Stefan Krause, the bank's CFO, says the analysis is inaccurate, pointing to the Basel framework. That's Hoenig's point; Basel allows banks to appear well-capitalized when they're not.
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  • Jun. 14, 2013, 3:19 AM
    The U.K. Financial Conduct Authority (FCA) has reportedly sent requests for information to Deutsche Bank (DB), Citigroup (C) and two other banks as part of an investigation into the possible manipulation of the $4.7T-a-day forex market, which is the biggest and one of the least regulated in the financial system. The FCA and other regulators are also looking to increase oversight of the market. (See WM/Reuters probe)
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  • May 30, 2013, 3:06 AM
    Fiat (FIATY.PK) is reportedly in negotiations with major banks to borrow up to $10B that the Italian carmaker would use to acquire the 41.5% of Chrysler it doesn't own and refinance the two companies' debt at lower interest rates. The banks include Bank of America (BAC), Deutsche Bank (DB), Goldman Sachs (GS) (GS) and BNP Paribas (BNOBF.PK). Fiat's purchase of the holding is being held up by a legal dispute over the value of the stake.
  • May 29, 2013, 3:34 AM
    Germany's largest banks, including Deutsche Bank (DB) and Commerzbank (CRZBF.PK), were €14B short at the end of 2012 of the capital they will need to meet Basel III banking requirements. However that's down from €32B earlier in H2 and the banks still have until 2019 to comply. Meanwhile, the BaFin regulator says Libor manipulation appears to have been limited to individuals rather than to have been due to "systematic criminality."
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  • May 21, 2013, 7:06 AM
    Deutsche Bank (DB) slides 1% in the premarket after a downgrade to Hold at JPMorgan, the analysts citing concern about regulatory capital. Deutsche's shares are up about 15% since the announcement and execution of a $2B capital raise late in April.
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  • May 9, 2013, 6:11 AM
    Citigroup (C) gains on Deutsche Bank (DB) in the race for currency trading supremacy. C (which came in second in a Euromoney Institutional Investor poll), cut DB's market share lead to just 0.28%, which is about as tight as the race for the top spot has ever been. C's ascent is partially attributable to its strong showing in emerging-market foreign exchange, where it leads DB by more than 2 percentage points.
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  • Apr. 30, 2013, 6:57 AM
    The upgrades fly in for Deutsche Bank (DB) after it announced a capital raise yesterday and reported better-than-expected Q1 results. It's dilutive yes, but will also put the bank's balance sheet in a much stronger position. We've got Santander, RBC Capital, Nomura, JPMorgan, and Credit Suisse and the day's still young. Shares +5.7% premarket after yesterday's 3.7% gain. The Dax (EWG) is the only market in Europe in the green, +0.5%.
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  • Apr. 29, 2013, 12:45 PM
    More on Deutsche Bank (DB +0.3%): The capital raise news comes as the bank reports Q1 EPS of €1.71 on revenues of €9.4B. Cost cutting: Noninterest expense of €6.6B down 5% Y/Y. Current Basel 3 Tier 1 capital ratio of 8.8% would be hiked to about 9.5% after the €2.8B share sale. Giving in? Three months ago, new co-CEO Anshu Jain pledged no share issuance. "We don't think it's in our shareholders best interest for us to issue capital given our discount to book value." Shares are 16% lower today than at that point.
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  • Apr. 29, 2013, 12:32 PM
    Deutsche Bank (DB -1.6%) gives in, hatching plans to raise capital by issuing €2.8B in shares, and potentially another €2B of subordinated debt over the next year. (PR)
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  • Apr. 17, 2013, 6:39 PM
    Deutsche Bank (DB) will cap the pay of its co-CEOs Anshu Jain and Jurgen Fitschen at ~€9.88M (€2.3M base, and €7.55M in bonuses). Clawbacks are permitted in the event the bank's minimum Tier 1 capital requirements are not met. Pay is also conditional upon "the bank's reputation" according to WSJ. DB has certainly not been at the top of its peer group in terms of either its capital position or its reputation of late — stay tuned. (Also: DB CEOs face shareholder ire)
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  • Apr. 17, 2013, 1:38 PM
    "Too little has been changed to avoid a repeat of the problem," says the Boston Fed's Eric Rosengren, arguing banks with broker-dealer units continue to hold too little capital. "The status quo represents an ongoing financial stability risk." The largest ones still standing are MS, UBS, GS, C, DB, CS, BAC, BCS, and JPM, and each of the U.S. ones passed the Fed stress test and are returning capital.
  • Apr. 17, 2013, 8:56 AM
    Following a nearly 3-week period in which DB halted creations for 26 ETNs on which it's the indexer, the bank finally resumed creations on the notes yesterday. The affected notes follow: BDD, BDG, BOM, BOS, BUNL, BUNT, DEFL, DGP, DGZ, DOD, DTO, DZZ, INFL, ITLT, ITLY, JGBD, JGBL, JGBS, JGBT, LBND, OLO, SBND, SZO, UDNT, UUPT, WMW.
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  • Apr. 12, 2013, 6:00 AM
    A break-up of the big banks is on the minds of none other than analysts at the banks themselves. Wells Fargo reckons shareholders might "intensify demands" for it, especially as the likes of Bank of America (BAC), Citigroup (C) and JPMorgan (JPM) trade at discounts of 25-30% to more-focused rivals. JPM's analysts have questioned the viability of running an investment bank "as part of a universal banking business."
  • Apr. 11, 2013, 10:37 AM
    More from Deutsche Bank's (DB) €5M shareholder meeting: Chairman Paul Achleitner is asked to take a closer look at corporate governance where there is "room for improvement;" co-CEO Jurgen Fitschen says DB is trying "to establish legal certainty" after a German court ruling tied to Leo Kirch's representatives rendered void the appointment of the bank's auditors; DB will drop most of its Dutch customers.
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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