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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:05 EDTDB, BXDeutsche Bank agrees to sell Cosmopolitan of Las Vegas for $1.73B
Deutsche Bank (DB) announced that it has reached an agreement with Blackstone (BX) Real Estate Partners VII to sell Nevada Property 1 LLC, the owner of The Cosmopolitan of Las Vegas. Under the transaction, Blackstone Real Estate Partners VII will acquire 100% of The Cosmopolitan of Las Vegas for $1.73B, which will be paid in cash. The transaction is subject to regulatory approvals. The sale will have a net positive impact on the Bank's CRD4 pro-forma fully loaded common equity tier 1 ratio of approximately five basis points upon closing of the transaction.
News For DB;BX From The Last 14 Days
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August 29, 2014
15:13 EDTBXQuirky drops out of bidding to buy appliance unit from GE, Bloomberg says
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August 28, 2014
15:30 EDTBXBlackstone planning NYC tower sale for over $2B, Bloomberg says
Blackstone (BX) has hired Eastdil Secured to market 1095 Avenue of the Americas, which will soon be the headquarters of Verizon (VZ), and the NYC building may sell for about $2.25B, according to Bloomberg, citing people familiar with the matter. Reference Link
15:25 EDTBXBlackstone planning NYC tower sale for over $2B, Bloomberg says
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06:35 EDTDBEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
06:27 EDTDBDeutsche Bank fined GBP4.7M by FCA for failing to properly report transactions
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August 27, 2014
09:03 EDTDBDeutsche Asset & Wealth Management acquires 222 Broadway in New York City
Deutsche Asset & Wealth Managementís real estate investment business announced that it has acquired 222 Broadway in New York City for one of its investment funds, in conjunction with L&L Holding Company, a Manhattan-based owner/operator of Class A properties. 222 Broadway is a Class-A office and retail building, comprising 775,000 square feet in downtown Manhattan.
August 22, 2014
06:54 EDTBXBlackstone using loophole in European loan rules, Reuters says
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06:42 EDTBXBlackstone in discussions to back China-based fund, Bloomberg says
Blackstone (BX) is in discussions to possibly back Hong Kong-based distressed fund, Arkkan Capital Management, which was founded by the former global leader of Goldman Sachs' (GS) special situations division Jason Brown, according to Bloomberg, citing two people with knowledge of the matter. Reference Link
August 21, 2014
12:50 EDTDBDeutsche Bank divests natgas trading book to Morgan Stanley, Reuters says
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August 18, 2014
09:20 EDTDBDeutsche Bank appoints Shannon Americas Chief Information Officer
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06:43 EDTBXReport says Blackstone, TPG near Kensington takeover deal, Sky News says
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