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Stock Market & Financial Investment News

News Breaks
January 31, 2013
05:44 EDTDBDeutsche Bank reports Q4 net loss EUR 2.2B vs. profit EUR 0.2B a year ago
Reports Q4 revenue EUR 7.9B vs. EUR 6.9B a year ago. The company reported noninterest expenses of EUR 10B, which was an increase of EUR 3.3B. Deutsche said the expenses were significantly impacted by EUR 1.9B impairments of goodwill and other intangible assets, EUR 1.0B of significant litigation related charges, and further specific items. The bank’s Basel 2.5 Core Tier 1 capital was 11.6% at the end of Q4, up from 10.7% at the end of Q3. The basel 3 pro-forma Core Tier 1 capital ratio of 8.0% as of December 31, 2012 reflects EUR 55B of risk mitigation in Q4.
News For DB From The Last 14 Days
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September 2, 2015
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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