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Deutsche Bank AG (DB)

DB on New York Consolidated

16.63USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Deutsche Bank CEO has no plans to step down before restructuring is done
Monday, 6 Mar 2017 11:11am EST 

Deutsche Bank conference call : CFO says part of fresh capital is to be used for new business, another held back as buffer . CEO says supervisory board is looking at remuneration system . Says aim to pay dividend at industry average from 2018 . Executive sewing says aims to focus on one it system in postbank integration and switch off the other one . CEO says has no plans to resign before bank has successfully been restructured . CEO says we'll see when the time comes what happens my contract runs out Further company coverage: [DBKGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Phoenix Group says Prudential Regulation Authority approves Abbey Life deal
Tuesday, 13 Dec 2016 10:00am EST 

Phoenix Group Holdings : Regulatory consent - Abbey Life Acquisition . Announces that Prudential Regulation Authority has consented to acquisition of Abbey Life Assurance Company Limited .Completion of acquisition is expected to take place on 30 December 2016.  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

BRIEF-JP Morgan's Dimon says there is no reason that Deutsche Bank shouldn't get over its problems -CNBC
Monday, 3 Oct 2016 03:39pm EDT 

Corrects headline to add source.: JP Morgan's Jamie Dimon on Deutsche Bank - 'There is no reason that Deutsche Bank shouldn't get over its problems" - CNBC ((Bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

Deutsche Bank's talks with U.S. DoJ continuing, with no deal yet presented to senior decision makers on either side- WSJ
Sunday, 2 Oct 2016 04:49pm EDT 

:Deutsche Bank's talks with U.S. DoJ continuing, with no deal yet presented to senior decision makers for approval on either side - WSJ, citing sources.  Full Article

Deutsche bank near $5.4 bln U.S. settlement over mortgage bonds - AFP, citing source
Friday, 30 Sep 2016 11:12am EDT 

: Deutsche Bank near $5.4 bln U.S. settlement over mortgage bonds - AFP, citing source Further company coverage: [DBKGn.DE] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Capula Investment cut some capital at Deutsche Bank - CNBC
Thursday, 29 Sep 2016 03:51pm EDT 

: Capula Investment cut some capital at Deutsche - CNBC, citing source . Some Deutsche Bank counterparties changing credit agreements; some clients demanding "triparty" credit agreements - CNBC . Capula Investment is still a prime brokerage client at Deutsche Bank - CNBC, citing source.  Full Article

Deutsche Bank's hedge fund business chairman says its prime brokerage "still very profitable" - CNBC
Thursday, 29 Sep 2016 03:04pm EDT 

: Deutsche Bank's hedge fund business chairman says its prime brokerage "still very profitable", "no question we have a perception issue"- CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Phoenix Group to buy Abbey Life 935 mln pounds
Wednesday, 28 Sep 2016 03:00am EDT 

Phoenix Group Holdings : Proposed acquisition of Abbey Life . Consideration of 935 mln stg in cash payable on completion . Consideration and estimated expenses to be financed through fully underwritten rights issue to raise 735 mln stg, 250 mln stg new bank facility . Acquisition to add 10 bln stg of assets under management and approximately 735,000 policyholders . Attractive price representing 0.89x multiple of solvency II own funds and 0.77x of MCEV . Acquisition will support a proposed increase in dividends in respect of 2017 to 197 mln stg . Acquisition expected to generate about 0.5 bln stg of aggregate cashflows between 2016 and 2020 . Completion of acquisition by end of 2016, subject to regulatory approvals .Acquisition also expected to generate cashflows of about 1.1 bln stg in aggregate from 2021 onwards.  Full Article

MBK Partners hires former Deutsche Bank veteran for new fund

HONG KONG, Sept 25 MBK Partners on Monday said it has hired Stephen Le as a partner for its new special situations fund that will invest in equity and credit, as the private equity firm looks to step up investments in North Asia.