Stock Market & Financial Investment News

News Breaks March 20, 2013 05:42 EDT DB Deutsche Bank raises provisions for litigation, lowers net income Deutsche Bank announced that new developments related to specific existing legal matters have occurred after the disclosure of the bank's preliminary, unaudited 2012 results on January 31. The new developments require provisions concerning U.S. mortgage-related litigation in some of the bank’s legacy businesses that are assigned to the Non-Core Operations Unit, as well as unrelated regulatory investigations. Based on these developments, the bank has increased its provisions for litigation by EUR 0.6B to EUR 2.4B. This reduces the previously announced income before income taxes by EUR 0.6B to EUR 0.8B and net income by EUR 0.4B to EUR 0.3B. As some of the provisions relate to claims that had previously been disclosed as contingent liabilities, the bank’s contingent liabilities for significant legal and regulatory matters decline by approximately EUR 0.5B to EUR 1.5B. Deutsche bank's Basel 2.5 Common Equity Tier 1 capital ratio as of December 31, 2012, declines to 11.4% from 11.6%. The bank's Basel 3 pro-forma Common Equity Tier 1 capital ratio declines to 7.8% from 8.0%. However, the bank reaffirms its target for the Basel 3 pro-forma Common Equity Tier 1 capital ratio of 8.5% at March 31, 2013. News For DB From The Last 14 Days Check below for free stories on DB the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 17, 2013 06:20 EDT DB Deutsche Bank volatility flat at 33 Deutsche Bank overall option implied volatility of 33 is near its 26-week average of 31 according to Track Data, suggesting non-directional price movement. June 14, 2013 15:43 EDT DB Deutsche Bank called 'horribly undercapitalized' by regulator, Reuters says Subscribe for More Information June 12, 2013 13:00 EDT DB Deutsche Bank falls in weak European banking sector, levels to watch Subscribe for More Information 06:41 EDT DB Firm says JPMorgan was top investment bank in Q1, Reuters reports Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.