Key Developments: Deutsche Bank AG (DBKGn.DE)

DBKGn.DE on Xetra

23 Dec 2014
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€0.29 (+1.16%)
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Latest Key Developments (Source: Significant Developments)

Federal Home Loan Mortgage Corp in conjunction with Fannie Mae enters into settlement with Deutsche Bank
Friday, 20 Dec 2013 09:30am EST 

Federal Home Loan Mortgage Corp:Says in conjunction with Fannie Mae and FHFA, has entered into an agreement with Deutsche Bank Securities, Inc. and certain affiliated entities.Says in order to settle claims related to investments by Freddie Mac and Fannie Mae in certain residential non-agency mortgage-related securities.Says the agreement will settle litigation previously initiated by FHFA against Deutsche Bank and also certain repurchase obligations with respect to the loans in these securities.Says Deutsche Bank will make a total payment of $1.925 bln, of which about $1.628 billion is expected to be paid to Freddie Mac and will be reflected in the company's fourth quarter results.  Full Article

Banca Monte dei Paschi di Siena SpA reaches deal to close derivative trade with Deutsche Bank AG-Reuters
Thursday, 19 Dec 2013 06:45am EST 

Banca Monte dei Paschi di Siena SpA:Said on Dec. 19 it had reached a deal to close a loss-making derivative contract with Deutsche Bank AG, leading to a one-off charge of 194 million euros ($267 million) on its 2013 accounts-Reuters.The 2008 deal, known as Santorini, is one of three derivative trades being at the heart of a probe into alleged fraud at Italy's third biggest lender.Those trades forced Monte dei Paschi to take a hit of 730 million euros on its 2012 accounts.Monte Paschi said closing the trade would result in a 25 basis point benefit for its Basel III core capital and would have a positive impact on its balance sheet of 33 million euros a year from 2014 onwards.  Full Article

Deutsche Bank AG in talks to sell uranium trading business-Reuters
Wednesday, 18 Dec 2013 07:00pm EST 

Deutsche Bank AG:Is holding preliminary talks with potential buyers of its uranium trading business-Reuters.Deutsche Bank announced it was shuttering its global commodities trading business on Dec. 5, cutting 200 jobs in the face of toughening regulations and lower profits.The sale will include Deutsche's uranium trading book and stockpiles of yellowcake - known as U308 in the industry - worth about $200 million.  Full Article

Group of banks including Deutsche Bank AG fined 1.7 billion euros for benchmark rigging-Reuters
Tuesday, 3 Dec 2013 07:00pm EST 

Deutsche Bank AG:Is part of a group of European and American banks fined 1.7 billion euros ($2.3 billion) by the European Commission-Reuters.The fine is for the rigging of interest rate benchmarks.The benchmarks involved are the London interbank offered rate Libor, the Tokyo interbank offered rate and the euro area equivalents.The Commission said that Deutsche Bank AG was involved in the EURIBOR cartel for 32 months, for which it was fined 466 million euros.Deutsche Bank AG was also fined 259 million euros for 2 infringements regarding Yen Libor.The other banks involved include Citigroup, Societe Generale, Royal Bank of Scotland, JPMorgan and Barclays.  Full Article

Select Harvests Ltd announces ownership interest of Deutsche Bank AG
Monday, 25 Nov 2013 02:40am EST 

Select Harvests Ltd and Deutsche Bank AG:Says Deutsche Bank AG and its related bodies hold 2,893,824 shares of person's votes representing 5.01 pct of voting power in Select Harvests as of Nov.21.  Full Article

Rentokil Initial Plc Announces Holding Interest Of Deutsche Bank AG
Wednesday, 13 Nov 2013 04:58am EST 

Rentokil Initial Plc announced that Deutsche Bank AG group of Companies hold 70,799,279 shares, representing 3.90% of voting rights in the Company.  Full Article

Tongkah Harbour PCL Announces Lawsuit Between Subsidiary Tungkum Limited and Deutsche Bank
Tuesday, 12 Nov 2013 05:08am EST 

Tongkah Harbour PCL announced that Tungkum Limited, a 98.03% owned subsidiary of the Company, had submitted a court case against Deutsche Bank at The Center Intellectual Property and International Trade Court with the matter of loan, violation, voidance and reclaim for the black case entry no. GORKOR 175/2555. The court ordered Tungkum Limited and Deutsche Bank to settle the case under the arbitration. On November 11, 2013 the Company has appealed such order to The Center Intellectual Property and International Trade Court.  Full Article

Enterprise Inns plc Announces Holding Interest Of Deutsche Bank AG
Friday, 25 Oct 2013 02:00am EDT 

Enterprise Inns plc announced that Deutsche Bank AG holds 15,987,294 shares which represents 3.16% of the direct voting rights of the Company.  Full Article

Deutsche Bank AG Widens Libor Probe After Chatroom Found-Reuters
Monday, 21 Oct 2013 09:04am EDT 

Reuters reported that Deutsche Bank AG has widened an internal probe into possible manipulation of the Libor benchmark interest rate after discovering a new chatroom where traders may have colluded, a source familiar with the matter said on October 21, 2013. Another source said Deutsche had summoned around 50 employees for questioning as a result of the discovery. The bank declined to comment.  Full Article

Deutsche Bank AG's Unit To Pay $11 Million To End Nevada Mortgage Probe-Reuters
Thursday, 17 Oct 2013 12:46pm EDT 

Reuters reported that a unit of Deutsche Bank AG will pay $11.5 million to resolve a probe of its role in funding subprime mortgage loans in Nevada, the state's attorney general said on October 17, 2013. The investigation focused on mortgage loans provided by other lenders but funded, bought and securitized by DB Structured Products Inc between 2004 and 2007, Attorney General Catherine Masto said.  Full Article


Deutsche Bank open to offers for London gold vault: sources

LONDON - Deutsche Bank is open to offers for its London-based gold vault following the closure of its physical precious metals business, three sources familiar with the matter said on Wednesday.

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