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Deutsche Bank AG (DB)

  • Thu, Mar. 5, 8:28 PM
    • The minimum Tier 1 common capital ratio for banks is 5%, according to the Fed, and here's how the 31 lenders stacked up under the central bank's severely adverse scenario vs. a year ago (h/t: WSJ):
    • Deutshce Bank (NYSE:DB): 34.7%, not tested a year ago
    • DIscover (NYSE:DFS): 13.9% vs. 13.2% a year ago
    • Bank of New York Mellon (NYSE:BK): 12.6% vs. 13.1%
    • American Express (NYSE:AXP): 12.5% vs. 12.1%
    • Northern Trust (NASDAQ:NTRS): 12.3% vs. 11.7%
    • State Street (NYSE:STT): 11.8% vs. 13.3%
    • Citizens Financial (NYSE:CFG): 10.7% vs. 10.7%
    • KeyCorp (NYSE:KEY): 9.9% vs. 9.2%
    • Capital One (NYSE:COF): 9.5% vs. 7.8%
    • PNC Financial (NYSE:PNC): 9.5% vs. 9%
    • Santander Holdings USA (SAN's U.S. unit): 9.4% vs. 7.3%; shares +0.8% after hours
    • BMO Financial (BMO's U.S. unit): 9% vs. 7.6%
    • Comerica (NYSE:CMA): 9% vs. 8.6%
    • Huntington Bancshares (NASDAQ:HBAN): 9% vs. 7.4%
    • HSBC North America (NYSE:HSBC): 8.9% vs. 6.6%
    • U.S. Bancorp (NYSE:USB): 8.5% vs. 8.2%
    • Regions Financial (NYSE:RF): 8.3% vs. 8.9%
    • Citigroup (NYSE:C): 8.2% vs. 7.2%
    • SunTrust (NYSE:STI): 8.2% vs. 8.8%
    • BB&T (NYSE:BBT): 8.1% vs. 8.4%
    • MUFG Americas Holdings (NYSE:MTU): 8% vs. 8.1%
    • Ally Financial (NYSE:ALLY): 7.9% vs. 6.3%
    • Fifth Third Bancorp (NASDAQ:FITB): 7.9% vs. 8.4%
    • Wells Fargo (NYSE:WFC): 7.5% vs. 8.2%
    • M&T Bank (NYSE:MTB): 7.3% vs. 6.2%
    • Bank of America (NYSE:BAC): 7.1% vs. 5.9%; shares +2.1% after hours
    • JPMorgan (NYSE:JPM): 6.5% vs. 6.3%
    • BBVA Compass (NYSE:BBVA): 6.3% vs. 8.5%
    • Goldman Sachs (NYSE:GS): 6.3% vs. 6.9%
    • Morgan Stanley (NYSE:MS): 6.2% vs. 6.1%
    • Zions Bancorp (NASDAQ:ZION): 5.1% vs. 3.6%; shares -1.7% after hours
    • The lenders were also informed today whether their capital return plans would put them below the Fed's 5% threshold, giving them a 6-day window with which to change those requests, if need be. Last year, both BofA and Goldman scaled back their dividend/buyback requests, allowing them to pass the CCAR. This year's CCAR results will be announced on Wednesday.
    • 2015 Stress Test Methodology and Results
  • Thu, Mar. 5, 5:29 PM
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  • 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
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  • 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
  • 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.
  • 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.
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  • 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
  • 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.
  • 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%).
  • 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
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  • 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.”
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  • 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.
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  • 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.
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  • 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)
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  • 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
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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