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News Breaks | | | | September 11, 2012 | | 06:01 EDT |  | DB | Deutsche Bank announces strategic, financial goals for 2015 and beyond
Deutsche Bank affirmed its long-standing commitment to a universal banking model and said it created a fourth business pillar - an integrated Asset & Wealth Management division that includes former CB&S businesses such as ETFs. The bank said it accelerates deleveraging by creating Non-Core Operations unit moving approximately EUR 125B of assets which carry high levels of RWA equivalents under Basel 3 of approximately EUR 135B. Deutsche Bank set its financial goals as follows: To increase IBIT for PBC to approximately EUR 3B, to lower cost-income ratio for CB&S to below 65%, and to more than double IBIT from 2011 levels for AWM and GTB, all by 2015 and taking into account the separation of the Non-Core Operations unit; To achieve fully loaded Basel 3 Core Tier 1 capital ratio of at least 8% as of March 31, 2013, and more than 10% as of March 31, 2015 ; To improve cost-income ratio to less than 65% at a one-off cost of EUR 4B to achieve savings of EUR 4.5B a year by 2015; To reach post-tax return on average active equity of 12% or more by 2015. | |
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News For DB From The Last 14 Days Check below for free stories on DB the last two weeks. |
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| May 23, 2013 | | 06:29 EDT |  | DB | Software firm Luxoft files for IPO in New York, Bloomberg reports
 Subscribe for More Information | | | May 21, 2013 | | 10:00 EDT |  | DB | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. | | | 07:56 EDT | | DB | Qatar buys stakes in Deutsche Bank, VTB, FT reports
Subscribe for More Information | | | 05:46 EDT | | DB | Thomson Reuters, others to challenge Bloomberg messaging, WSJ reports
Subscribe for More Information | | | 05:42 EDT | | DB | Deutsche Bank downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information | | | May 16, 2013 | | 12:32 EDT |  | DB | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | 08:39 EDT | | DB | Hartford Financial hires Deutsche to find buyer for Japan unit, Bloomberg says
Hartford Financial Services (HIG) engaged Deutsche Bank (DB) to seek a buyer for its Japanese annuity unit, according to Bloomberg, citing people with knowledge of the matter. Reference Link | | | May 14, 2013 | | 05:44 EDT | | DB | Banks work deals from both sides of the field, WSJ reports
Subscribe for More Information | | | May 13, 2013 | | 06:49 EDT | | DB | ECB member says negative deposit rates would help economy, Reuters says
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