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Deutsche Bank AG (DBKGn.DE)

DBKGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Moody's places Deutsche Bank's Mexican units on review for downgrade
Friday, 4 Nov 2016 07:37pm EDT 

Moody's: Moody's places Deutsche Bank's Mexican subsidiaries on review for downgrade . Moody's - placed on review for downgrade ba1 long-term local, foreign currency deposit ratings of Deutsche Bank México, S.A; long, short-term Mexican National Scale deposit ratings of A1.mx / MX-1 . Moody's - also placed on review for downgrade Deutsche Bank Mexico's ba2 standalone baseline credit assessment and ba1 adjusted BCA .Moody's - action on Deutsche Bank Mexico's, Deutsche Securities Mexico's ratings follows signing of agreement by cos' ultimate parent, Deutsche Bank AG.  Full Article

UBS CEO declines to comment on timing of U.S. RMBS resolution
Friday, 28 Oct 2016 04:55am EDT 

UBS Group Ag : CEO says we are reinforcing further our control processes after Singapore fine in 1mdb case -media call . CEO says not making any comments on timing of any resolution in u.s. RMBS case . CFO says unlikely we’re going to see a further substantial drop in transaction-based income in wealth management but major rebound unlikely until conditions improve . CEO says every bank has own legal positions, when asked about any read-across for UBS from Deutsche BANK U.S. RMBS case . CEO says lost 400 million of capital post-Brexit vote because of adjustment to pension fund exposure in UK Further company coverage: [UBSG.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Deutsche Bank to sell banking and securities subsidiaries in Mexico to InvestaBank S.A.
Wednesday, 26 Oct 2016 10:32pm EDT 

Deutsche Bank Ag : Deutsche Bank enters into agreement to sell its banking and securities subsidiaries in Mexico to InvestaBank S.A., Institución de Banca Múltiple . Transaction is expected to close in 2017, subject to regulatory approvals .Will centralize Mexican global markets and corporate & investment banking coverage function in global hubs.  Full Article

BRIEF-Deutsche Bank Spain sells non-core loan portfolio
Thursday, 20 Oct 2016 12:49pm EDT 

Corrects to clarify 430 mln eur is nominal value of portfolio, not price paid.Deutsche Bank SAE (Spain) : Says has sold a portfolio of mortgages, small business loans and repossessed assets with a nominal value of 430 million euros ($470 million) . Says portfolio is from its non-core operating unit, sale is part of Deutsche Bank strategy to reduce these assets by the end of 2016 . Says assets were sold after bidding process among various investment funds Further company coverage: [DBKGn.DE] ($1 = 0.9149 euros) (Reporting by madrid.newsroom@thomsonreuters.com) ((+34 91 585 2151;)) Keywords: (CORRECTED).  Full Article

Moody's says European Global Investment Banks de-risking will slow with heightened market uncertainty
Tuesday, 11 Oct 2016 02:35am EDT 

Moody's: Moody's - European global investment banks' de-risking will slow with heightened market uncertainty . Moody's - pace of legacy asset portfolio reductions will likely slow at the five european global investment banks over next 12-18 months . Moody's - expect higher economic uncertainty in UK, still slow economic growth in rest of europe to continue to reduce investors' appetite for high-yielding assets .Moody's - believe that asset disposals at the five European GIBS are likely to occur more slowly than was the case over the last few years.  Full Article

Bond for senior Heta creditors to run until 2032
Monday, 10 Oct 2016 06:33am EDT 

Austrian province of Carinthia: Says maturity of bond included in "bad bank" Heta [HAABI.UL] buyback offer is Jan. 14, 2032 for senior creditors . Says nominal value of bond for senior creditors is 10,303,878,812 eur . Austrian province of Carinthia says maturity of promissory note included in "bad bank" Heta buyback offer is Sept. 28, 2068 for junior creditors . Nominal value of promissory note for junior bondholders 104,590,165 eur Further company coverage: [HAABI.UL] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

S&P affirms Deutsche Bank at 'BBB+/A-2' amid U.S. litigation uncertainty
Friday, 7 Oct 2016 12:03pm EDT 

S&P: Deutsche Bank 'BBB+/A-2' ratings affirmed amid U.S. litigation uncertainty; outlook remains negative .Deutsche Bank's main challenge is restructuring its business model, which recent market volatility surrounding bank may "complicate".  Full Article

Deutsche Bank exploring options including capital raise- Bloomberg, citing sources
Thursday, 6 Oct 2016 05:55pm EDT 

:Deutsche Bank in informal talks with securities firms to explore options including capital raise - Bloomberg, citing sources.  Full Article

Deutsche Bank says U.S. DoJ asks it to pay $14 bln to settle mortgages case
Thursday, 15 Sep 2016 06:19pm EDT 

Deutsche Bank : Confirms market speculation of opening position by DoJ of $14 billion and that DoJ has invited bank as next step to submit counter proposal . Bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts . Deutsche bank confirms negotiations with DoJ regarding RMBS .Confirms market speculation of opening position by DoJ of USD 14 billion and that DoJ has invited bank to submit a counter proposal.  Full Article

Deutsche bank asked to pay $14 bln to resolve U.S. investigations into mortgage securities - CNBC, citing DJ
Thursday, 15 Sep 2016 05:45pm EDT 

: Deutsche Bank asked to pay $14 billion to resolve U.S. investigations into mortgage securities, ultimate settlement could be lower - CNBC, citing DJ ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

ZF seeks $1 billion from Body Control Systems sale

STUTTGART German auto supplier ZF [ZFF.UL] has launched the sale of its Body Control Systems division, Chief Executive Stefan Sommer said, seeking to shed assets it no longer deems essential after its takeover of rival TRW [TRWTA.UL].