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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:05 EDTBX, DBDeutsche 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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September 2, 2015
16:28 EDTBXBlackstone invests in PMI Group
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07:12 EDTDBDeutsche Bank not planning to reduce presence in China, Reuters reports
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August 31, 2015
06:35 EDTDBCiti plans to rebuild equities franchise, Reuters reports
Citigroup (C) is planning to rebuild its equities franchise in an effort to capitalize on a retrenchment by rivals in the face of new rules created to make the financial system less risky, Reuters reports, citing people familiar with the bank's plans. It may be tough to overcome leaders such as Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan Chase (JPM), that have long dominated the sector, the report says. Citi is aiming to profit from a retreat of rivals slow to adapt new rules forcing banks to keep more capital, the report says. Deutsche Bank (DB), Credit Suisse (CS), and Barclays (BCS) are among others rebuilding their investment banking businesses, the report adds. Reference Link
06:10 EDTDBBanks lobby EU over privacy rules overhaul, FT reports
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August 28, 2015
06:28 EDTDBProsecutor wants to summon Murdoch, others in Deutsche Bank case, Reuters says
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August 27, 2015
18:02 EDTDBU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
August 26, 2015
12:06 EDTDBDeutsche Bank traders questioned by SFO in Libor probe, Bloomberg says
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07:39 EDTBXPiper Jaffray lowers estimates for asset managers below consensus
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06:19 EDTBXBlackstone seeking commercial properties in China, WSJ reports
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August 25, 2015
19:48 EDTBXWirecard joins bidding for Worldpay with $9.4B offer, Bloomberg says
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August 21, 2015
17:28 EDTBXBlackstone acquires majority stake in Stearns Holdings
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August 20, 2015
18:59 EDTBXGoogle, Amazon, private equity compete for Indian data center unit, ET says
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06:10 EDTBXWeather Channel said to hire banks to explore sale, Bloomberg reports
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