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Deutsche Bank AG (DB)

  • Sun, Mar. 15, 5:47 AM
    • In one of the biggest deals in the Asia-Pacific region so far this year, a consortium of KKR (NYSE:KKR), Varde Partners and Deutsche Bank (NYSE:DB) has agreed to buy GE (NYSE:GE) Capital's Australian and New Zealand consumer lending arm for about $A8.2B ($6.26B).
    • The move comes after General Electric disposed of its appliances unit, real estate holdings and a stake in NBCUniversal, and shed more of its banking businesses to return to its industrial focus.
    • Previously: GE reportedly weighing deeper cuts to banking business (Mar. 11 2015)
  • Feb. 12, 2014, 4:50 AM
    • Goldman Sachs (GS) and Deutsche Bank (DB) are looking to exit an area of operations that not that many people know they're involved in: trading supplies of raw uranium, which is also known as yellow cake.
    • Between them, the companies have built up stockpiles of low-grade uranium larger than those held by Iran.
    • However, with scrutiny of banks' physical-commodities trading increasing and uranium demand low following the Fukushima disaster, the firms are looking to sell their uranium trading desks.
    • Australian bank Macquarie (MCQEF) is reportedly interested in Goldman's operations, which are called NUFCOR.
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  • Aug. 25, 2013, 2:45 AM
    • BATS Global Markets (BATS) is reportedly in advanced negotiations to merge with Direct Edge Holdings in an all-stock deal that would create the second-largest exchange operator in the U.S. in terms of shares traded, putting it behind the NYSE (NYX) but ahead of Nasdaq (NDAQ).
    • BATS CEO Joseph Ratterman is expected to become the head of the new firm, while Direct Edge boss William O'Brien would become president. The companies plan to continue operating all four of their U.S. stock-exchange platforms after the merger.
    • Both firms are profitable, with BATS earning EBITDA of $101M in 2012.
    • Direct Edge's owners include KCG Holdings (KCG), Goldman Sachs (GS), Citadel and the International Securities Exchange. Those of BATS include KCG also, as well as Bank of America (BAC), Citigroup (C), Credit Suisse (CS), Deutsche Bank (DB), JPMorgan (JPM) and Morgan Stanley (MS).
  • 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.
  • Apr. 8, 2013, 2:51 AM
    San Francisco based Union Bank, a unit of Japan's Mitsubishi UFJ Financial Group (MTU), has agreed to acquire a portfolio of $3.7B in U.S. real-estate loans from Deutsche Bank (DB) subsidiary PB Capital. The acquisition is part of MUFG's strategy to expand overseas to offset anemic demand in Japan even as European banks sell assets in order to meet tighter capital regulations. (PR)
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  • Feb. 15, 2013, 7:38 AM
    "The Goldilocks era of post-crisis M&A has never been an if, but a when," says JPMorgan (JPM) vice-chair James Lee. "CEOs are declaring that day has come." Including the Berkshire buy, $40B in deals were announced yesterday and $140B this month. Transaction volume is up 27% Y/Y vs. an 8% slump for 2012. It should mean sweet profits for the newly lean banks.
  • Oct. 24, 2012, 6:00 AM
    Deutsche Bank (DB) has built up a 5.2% holding in GrainCorp, which is the subject of a $2.8B bid from Archer Daniels Midland (ADM). Given that Deutsche has been buying shares since June, the likelihood is that the move is for investment purposes rather than on behalf of a rival suitor. Still, observers expect a bidding war for GrainCorp, with Bunge and Cargill named in dispatches.
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  • Sep. 25, 2012, 6:03 AM
    Germany has a particular interest in helping Spain through its crisis, as the exposure of German lenders to the Mediterranean country is $139.9B, of which $45.9B is to banks. German institutions are particularly exposed to covered bonds, which are often backed by the collateral of consumer mortgages, whose values may have been affected by the cratering of the residential market.
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  • Apr. 23, 2012, 4:03 PM
    Watson Pharmaceuticals (WPI +0.1%) is close to announcing a $5.6B deal for Actavis by Wednesday, according to sources. The deal is an important one for Deutsche Bank (DB -3.6%), which was left holding billions of euros of Actavis debt after a leveraged buyout in 2007.
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  • Apr. 3, 2012, 12:16 PM
    Deutsche Bank (DB) is close to finalizing a deal to sell its asset management business to Guggenheim Partners for €1.5B-€1.6B ($2B-$2.13B), Reuters reports. Deutsche has been reviewing its global asset management ops to cope with new regulation, rising costs and growing competition.
  • Jan. 20, 2012, 2:34 AM
    State Street (STT), JPMorgan (JPM) and Ameriprise Financial (AMP) are said to be among the finalists in the bidding for Deutsche Bank's (DB) global asset management division. Deutsche expects the sale to fetch over €2B ($2.6B).
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  • Jan. 12, 2012, 12:46 PM
    A Dow Jones source claims Deutsche Bank (DB +2.4%), which launched a "strategic review" of its asset management business in the fall, has "received more than 10 attractive offers" related to the business, with 6 of the bidders offering to acquire it in full. Deutsche is said to be hoping for a sale price of around €2B. Goldman Sachs (GS) has been rumored to be one of the interested parties.
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  • Jan. 5, 2012, 2:14 AM
    Sources say Credit Suisse (CS), DBS Bank, Deutsche Bank (DB) and Mizuho Corporate Bank are arranging a $4B loan for Alibaba (ALBIY.PK), and are trying to bring in some Chinese lenders to the group to help underwrite the loan and spread the risk of the facility. Alibaba is considering acquisition options related to Yahoo.
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  • Nov. 30, 2011, 11:57 AM
    Deutsche Bank (DB +8.1%) has begun talks with prospective buyers of its asset-management division, according to Bloomberg. It's added that Deutsche, which put the unit on sale last week, is open to selling the division in pieces, though it would prefer to sell it whole. Analyst Dirk Becker thinks the unit could fetch anywhere between €2B and €4B.
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  • Nov. 29, 2011, 3:21 PM
    Just as U.S. banks are trying to aggressively cut their eurozone exposure, foreign banks are doing the same for their U.S. exposure. Deutsche considers this a positive for U.S. banks, to the extent it allows them to acquire assets (I, II) at reasonable prices. Banco Santander (STD) still holds $56B in U.S. loans; Banco Bilbao (BBVA) $45B; and Deutsche Bank (DB) $32B.
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  • Nov. 24, 2011, 5:37 AM
    Lloyds (LYG) sells A$1.7B ($1.75B) of distressed property loans in Australia and New Zealand to Morgan Stanley (MS) and Goldman Sachs (GS). Those who lost out in the bidding process include Blackstone (BX) and a consortium involving Deutsche Bank (DB). Lloyds shares +3.7% in London.
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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