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Deutsche Bank AG (DB.N)

DB.N on New York Stock Exchange

19.58USD
21 Feb 2017
Change (% chg)

$0.17 (+0.88%)
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$19.41
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$19.56
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$19.51
Volume
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Latest Key Developments (Source: Significant Developments)

Deutsche Bank set to slash equities, fixed-income jobs - WSJ
Friday, 3 Feb 2017 06:45am EST 

Deutsche Bank AG : Deutsche Bank to cut as much as 17% of equities staff globally - WSJ citing sources .Deutsche Bank to cut 6% of its fixed-income staff globally, with notices planned for many employees next week - WSJ citing sources.  Full Article

Deutsche Bank lost 600 mln in revenues due to mortgages litigation-related turmoil in Sep/Oct
Thursday, 2 Feb 2017 09:40am EST 

Deutsche Bank CFO says on analyst call discussing Q4 earnings : We are clearly convinced we can take the bank to a 10 percent roe target, if that will be by 2018 remains to be seen . Basel IV impact will hit only in next decade . Cost target of 22 billion is upper limit, cannot give new cost guidance as of today . Expects to apply more balance sheet in credit solutions part of fixed income business . Lost business in prime brokerage in high teens percent around Sep/Oct, have seen recovery in the meantime of a quarter of what we had lost . Revenue losses relating to Deutsche Bank's idiosyncratic Sep/Oct turmoil amounted to about 600 million eur Further company coverage: [DBKGn.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Deutsche Bank capital markets business had good start of the year -CEO
Thursday, 2 Feb 2017 04:01am EST 

Deutsche Bank CEO says at press conference, according to prepared speech : On strategy: who we are will not change radically. Primary focus will be to build on our strengths . Since u.s. Mortgages settlement have seen meaningful reengagement by clients who had pulled back . In key areas, business is distinctly better at start of year than year earlier, for example in capital markets business Further company coverage: [DBKGn.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Deutsche Bank substantially cuts 2016 bonuses, will pay 2017 bonuses - memo to staff
Wednesday, 18 Jan 2017 08:02am EST 

Deutsche Bank says in memo to staff : Says to pay no 2016 bonuses for managing directors, directors, vice presidents, but to award retention packages - memo to staff .Says plans to make bonus payments for 2017 - memo to staff.  Full Article

Deutsche Bank says it has reached settlement with U.S. DoJ on mortgages case
Thursday, 22 Dec 2016 08:33pm EST 

Deutsche Bank Ag : Deutsche Bank agrees on settlement in principle with the DOJ regarding RMBS . Deutsche Bank AG - Consumer relief is expected to be primarily in the form of loan modifications . There can be no assurance that the U.S. Department of Justice and the bank will agree on the final documentation . Deutsche Bank - Agreed to pay a civil monetary penalty of $3.1 billion and to provide $4.1 billion in consumer relief in the United States . Deutsche Bank - Expects to record pre-tax charges of about $1.17 billion in financial results for fourth quarter as consequence of civil monetary penalty .Deutsche Bank AG - Financial consequences are not currently expected to have a material impact on 2016 financial results.  Full Article

Deutsche Bank appointed as depositary bank for sponsored Level III American Depositary Receipt Program of TiGenix NV
Wednesday, 21 Dec 2016 01:47am EST 

Tigenix NV :Announced on Tuesday that Deutsche Bank appointed as sponsored depositary bank for the Level III NASDAQ-listed American Depositary Receipt program of TiGenix NV.  Full Article

Fitch says German banks stable, but universal banks under pressure
Tuesday, 6 Dec 2016 06:18am EST 

Fitch on German banks : Fitch: German banks stable, but universal banks under pressure . Fitch on German banks - domestic operating environment is sound, but remains tough with low interest rates, rising costs, intense competition . Fitch on German banks - savings, cooperative banks are germany's most profitable & resilient due to stronger & wider-margin retail and sme franchises . Fitch on German banks-interest rates risk is a long-term challenge for most german banks due to high share of long-term, fixed-rate loans . Fitch on German banks - we expect banking sector's net interest margin will come under pressure as proportion of low-yielding loans increase .Fitch - believe short-term execution risk will be high for Deutsche and Commerzbank.  Full Article

Fitch places Deutsche bank on rating watch negative
Thursday, 3 Nov 2016 04:15pm EDT 

Fitch Ratings: Fitch - Fitch places Deutsche Bank on rating watch negative . Fitch - Deutsche Bank needs to demonstrate its ability to improve revenue generation to maintain its 'A-' long-term idr . Fitch - Deutsche Bank ratings have been placed on RWN because Fitch believes that challenges posed by sluggish business environment, particularly in Europe . Fitch-Ratings could be downgraded if there are material setbacks to planned capital trajectory due to incremental litigation and regulatory charges . Fitch- expects to resolve Deutsche Bank's rating watch negative at the latest after the bank's 1Q17 earnings are published .Fitch-Expect Q1 of next year to bring some transparency into the effectiveness of Deutsche Bank's cost-cutting and restructuring measures.  Full Article

SEC says Deutsche Bank is paying $9.5 mln penalty for failing to properly safeguard research information
Wednesday, 12 Oct 2016 11:40am EDT 

: U.S. SEC- Deutsche Bank failed to properly safeguard research information . U.S. SEC- Deutsche Bank Securities agreed to pay $9.5 million penalty for failing to properly safeguard material nonpublic information generated by its research analysts . SEC- Deutsche Bank published improper research report and failed to properly preserve,provide certain electronic records sought by SEC during investigation .SEC- Deutsche Bank issued a research report with "buy" rating for big lots that was inconsistent with personal view of analyst who prepared and certified it.  Full Article

5 bln -Platow Brief
Tuesday, 4 Oct 2016 12:25pm EDT 

Deutsche Bank is eyeing a settlement of $4-5 billion by end-October with U.S. authorities seeking a fine of up to $14 billion for the misselling of mortgage-backed securities, German markets newsletter Platow Brief said on Tuesday. Deutsche Bank is considering scrapping bonuses and raising fresh capital, Platow Brief added, without citing sources. Deutsche Bank was not immediately available for comment. Shares in the bank rose 1.3 percent in New York . (Reporting by Georgina Prodhan; Editing by Jonathan Gould) ((georgina.prodhan@thomsonreuters.com; +49 69 7565 1279; Reuters Messaging:.  Full Article

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U.S. judge dismisses most of Euribor-rigging lawsuit

NEW YORK A U.S. judge on Tuesday dismissed most of an investor lawsuit accusing several major banks of conspiring to manipulate the benchmark European Interbank Offered Rate, or Euribor, and related derivatives.