Deutsche Bank AG (DB.N) Key Developments |
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Deutsche Bank AG (DB.N)

DB.N on New York Stock Exchange

24 Jun 2016
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$-3.12 (-17.49%)
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Latest Key Developments (Source: Significant Developments)

Fitch affirms Deutsche Bank at 'A-', outlook stable
Tuesday, 14 Jun 2016 04:16pm EDT 

Fitch Street Capital Corp : Affirms Deutsche Bank At 'A-'; outlook stable . Ratings reflect view that the bank will stay on track with the targets set out in the 2020 strategy .Stable outlook reflects our expectation that reported earnings and capitalisation will improve from 2017 onwards.  Full Article

Austria needs better banking supervision, finance minister says
Friday, 3 Jun 2016 06:00am EDT 

Austrian Finance Minister Hans Joerg Schelling: Says hopes to have clearer division of banking supervision roles between FMA and ECB . Says Austrian banking market is stable but supervision has to be better in future . Says case of "bad bank" Heta can probably be finished in September, October of this year Further company coverage: [HAABI.UL] ((; +43 1 531 12 258;)).  Full Article

FDIC reaches $190 million settlement with 8 banks, finance companies over Countrywide RMBS
Thursday, 2 Jun 2016 10:13am EDT 

: Fdic announces $190 million settlement of residential mortgage-backed securities claims with eight financial institutions . Fdic annouces settlements with Barclays, BNP Paribas Credit Suisse Deutsche Bank Edward Jones, Goldman Sachs rbs, UBS . Fdic says accord resolves claims over alleged misrepresentations for 21 countrywide rmbs bought by five failed banks.  Full Article

Banco Popular adds 10 banks as underwriters for rights issue
Friday, 27 May 2016 11:22am EDT 

Spain's Banco Popular : Says has added 10 banks as underwriters for its 2.5 billion euros ($2.78 billion) rights issue .Popular picks up BBVA , Banco Santander , Barclays , Citigroup , Deutsche Bank , Morgan Stanley , HSBC , Credit Suisse , Sociéte Générale and Nomura <8604.T>..  Full Article

Moody's downgrades Deutsche Bank's ratings; outlook stable
Monday, 23 May 2016 05:00pm EDT 

Moody's On Deutsche Bank : Moody's downgrades Deutsche Bank's ratings; outlook stable . Outlook on ratings is stable, reflecting potential long-term benefits to creditors of five-year strategy plan through 2020 .Stable outlook reflects actions taken by management team to preserve capital and liquidity during restructuring process.  Full Article

U.S. appeals court revives antitrust claims in Libor litigation
Monday, 23 May 2016 11:04am EDT 

: U.S. appeals court revives antitrust claims in litigation accusing major banks of rigging libor -- ruling . 2nd U.S. circuit court of appeals says plaintiffs have plausibly alleged banks conspired to rig libor . 2nd circuit says horizontal price-fixing constitutes a "per se" antitrust violation . 2nd circuit says a plaintiff alleging a "per se" antitrust violation need not separately plead that competition was harmed . 2nd circuit says consumers who pay higher prices because of horizontal price-fixing suffer antitrust injury . 2nd circuit says lower court judge erred in dismissing antitrust claims on the ground they failed to allege harm to competition.  Full Article

Deutsche Asset Management to transfer primary listing of three funds to BATS exchange
Friday, 20 May 2016 05:00pm EDT 

Deutsche Asset Management : Deutsche Asset Management to transfer primary listing of three funds to BATS exchange .Will change primary listing venue for three x-trackers exchange-traded funds to bats exchange on or about June 9, 2016.  Full Article

U.S. appeals court revives FDIC lawsuit over Colonial BancGroup collapse
Thursday, 19 May 2016 09:33am EDT 

: U.S. appeals court revives fdic lawsuit against several banks tied to colonial bancgroup's 2009 collapse--court ruling . 2nd U.S. circuit court of appeals reverses lower court ruling, and concludes that fdic did not file its lawsuit too late . Banks were accused of violating U.S. securities law by selling colonial $388 million of toxic mortgage-backed securities . The fdic sued the banks in its capacity as colonial's receiver . Appeals court vote is 2-1; dissenting judge says congress never intended to let fdic bring its old "dead claims" back to life.  Full Article

Credit Suisse CFO says hopes Q2 sees a better result than Q1
Tuesday, 10 May 2016 05:10am EDT 

Credit Suisse Group Ag : CEO says very confident share price will recover as we deliver quarter by quarter -news conference . CEO says no plans for merger with Deutsche Bank -news conference . CEO says not yet willing to give up on pre-tax income target . CFO says expects final swiss too big to fail rules to be published in next few weeks . CFO says bank hopes q2 sees a better result than q1 Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((; +41 58 306 7336;)).  Full Article

Deutsche Bank AG - FCA sees issues in Deutsche Bank controls over financial crimes, FT reports - Reuters News
Sunday, 1 May 2016 07:00pm EDT 

Deutsche Bank AG:Deutsche Bank has "serious" and "systemic" failings in its controls against money laundering, terrorist financing and sanctions, according to a confidential letter by the UK's financial regulatory agency, the FTreported.The watchdog agency, the Financial Conduct Authority (FCA), has now ordered a separate independent review, the FT reported the letter as saying.The FCA declined to comment. "Our overall conclusion was that Deutsche Bank UK had serious AML (anti-money laundering), terrorist financing and sanctions failings which were systemic in nature," the FT quoted the FCA letter, dated March 2, as saying."Effective senior management engagement and leadership on financial crime had been lacking for a considerable period of time.".Deutsche Bank said it is cooperating with regulators to fundamentally reform its anti-financial crime programme."We understand the importance of this issue and are committed to and engaged in fixing it", a company spokesman said in an emailed statement on Sunday. In late 2014, the FCA had put Deutsche Bank's London office under enhanced supervision owing to concern about the bank's governance and controls.Enhanced supervision procedures are normally kept private and can follow fines. Following its review, the FCA ordered a so-called skilled persons report - also called a Section 166 report - to assess remedial work Deutsche must now carry out, the FT reported.  Full Article


Bafin fines Deutsche Bank for anti-money laundering flaws: source

FRANKFURT German financial watchdog Bafin last year imposed a fine of 40 million euros ($44 million) on Deutsche-Bank for flaws in its systems designed to prevent money-laundering, a person close to the matter said.