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Deutsche Bank AG (DBKGn.DE)

DBKGn.DE on Xetra

24 Feb 2017
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€-0.40 (-2.16%)
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Latest Key Developments (Source: Significant Developments)

CFTC sues Deutsche Bank over swap data reporting deficiencies
Thursday, 18 Aug 2016 02:53pm EDT 

Deutsche Bank AG : Cftc files lawsuit against Deutsche Bank AG over alleged swap data reporting deficiencies -- court filing . Cftc says bank's efforts to end April 2016 system outage exacerbated existing reporting problems and created new ones . Cftc says many of the problems it discovered violated a previous cftc order . Cftc says some of the problems persist, affecting market data that is made available to the public . Cftc says the persistence of the problems also affects its ability to evaluate systemic risk in swaps markets . Cftc links problems in part to bank's failure to have adequate business continuity, disaster recovery, supervisory systems . Lawsuit filed in Manhattan federal court seeks to appoint compliance monitor, halt future violations, recover civil fines.  Full Article

FINRA fines Deutsche Bank $12.5 mln in "squawk box" case
Monday, 8 Aug 2016 09:41am EDT 

Deutsche Bank AG : Finra says it fines Deutsche Bank securities inc $12.5 million for inadequate supervision of internal communications . Finra says penalty relates to Deutsche bank's use of squawk boxes . Finra says Deutsche Bank repeatedly ignored red flags concerning whether brokers were accessing confidential information . Finra says Deutsche Bank agrees to adopt procedures to ensure that "hoots" or "squawks" received by brokers were proper . Finra says Deutsche Bank neither admitted nor denied charges.  Full Article

Deutsche bank CEO says on track to reach capital ratio of 12.5 pct by end-2018
Friday, 29 Jul 2016 06:18pm EDT 

Deutsche Bank says : We are on track to reach a CET1 ratio of at least 12.5% by the end of 2018 . We come out of the 2016 stress test stronger than in 2014, although this year’s exercise was more demanding .CET1 ratio would be 7.8% in adverse scenario, 12.1% in baseline scenario.  Full Article

Deutsche Bank's Postbank cuts guidance on low interest rates
Friday, 29 Jul 2016 04:09am EDT 

Deutsche Bank's Postbank unit : Says now expect slight drop in 2016 net interest income versus previous forecast for moderate rise . Says now sees 2016 allowance for losses on loans and advances to decline slightly versus previous forecast for marked rise . Says now sees significant decline in 2016 adjusted pretax profit versus previous forecast for moderate decline . Says now sees 2016 net profit down by a medium three-digit mln euro amountvs previous forecast for low three-digit mln euro sum . Says doesn't believe Brexit will have any material impact on its profits in the short to medium term .  Full Article

Deutsche Bank must face part of US lawsuit over preferred securities
Monday, 25 Jul 2016 01:22pm EDT 

Deutsche Bank AG : U.S. judge says holders of Deutsche Bank AG preferred securities may pursue part of securities fraud lawsuit--ruling . U.S. district judge deborah batts denies motion to dismiss with respect to two securities offerings . U.S. district judge deborah batts grants motion to dismiss with respect to three securities offerings . Plaintiffs accused Deutsche Bank of using false or misleading materials to sell $5.4 billion of securities in 2007, 2008.  Full Article

S&P revises Deutsche Bank outlook to negative
Tuesday, 19 Jul 2016 12:02pm EDT 

S&P Global Ratings: Deutsche Bank outlook revised to negative as operating conditions may challenge strategy execution; ratings affirmed . U.K.'s recent vote to leave the EU (Brexit) is a consideration in the outlook revision, but not a prominent one .View that unfavorable operating environment poses particular challenges as it implements 2016-2020 strategic plan.  Full Article

Moody's: Brexit-related costs and uncertainties pose fresh challenge to non-UK GIBS' pan-European business models
Thursday, 7 Jul 2016 02:16am EDT 

Moody's On Brexit : Brexit-related costs and uncertainties pose fresh challenge to non-UK GIBS' pan-European business models . Sees non-UK global investment banks to incur additional costs,revenue pressures as they reconfigure their European units in response to brexit . Expects any immediate revenue loss to be modest, Brexit's lasting credit effects on gibs to depend on nature of the new EU/UK trade model .Expects added operational challenges and costs to be manageable in the context of their global earnings and operations.  Full Article

Stada shareholder says company not acting in the interest of shareholders
Friday, 1 Jul 2016 09:28am EDT 

Stada shareholder DWS says : Not under the impression that Stada has been acting in the interest of Stada shareholders, would welcome improvement of corporate governance Further company coverage: [STAGn.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Finra fines Deutsche Bank Securities $6 mln
Wednesday, 29 Jun 2016 09:46am EDT 

Deutsche Bank Ag :FINRA fines Deutsche Bank Securities Inc $6 million for submitting inaccurate and late blue sheet data- Tweet.  Full Article

Austria's Heta sells Centrice property unit to Lone Star
Tuesday, 28 Jun 2016 06:08am EDT 

Heta Asset Resolution [HAABI.UL]: Says completed the sale of 100% of the shares in Centrice Real Estate GmbH (“Centrice”) and of outstanding loans granted by Heta to Centrice and its subsidiaries . Says the purchasers are affiliates of Lone Star Real Estate Fund IV (U.S.), L.P. and Lone Star Real Estate Fund IV (Bermuda), L.P. . Citigroup Global Markets Limited acted as financial adviser to HETA. Eisenberger & Herzog Rechtsanwalts GmbH acted as legal adviser to Heta . Spokesman for Heta says sale price is in thee-digit millions of euros range Further company coverage: [HAABI.UL] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  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.