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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:10 EDTDBDeutsche Bank announces EU775M settlement with Kirch Group
Deutsche Bank announced that it has reached a settlement with Kirch Group to conclude all legal disputes between the two parties. The settlement is based on the proposal of the Munich Higher Regional Court from March 2011 and provides for a payment of 775M euros, plus interest and a lump-sum reimbursement of costs. Due to existing provisions the settlement will result in a decrease of the results of approximately 350M euros after tax, Deutsche said. The charge will be reflected in Q4.
News For DB From The Last 14 Days
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July 17, 2015
14:00 EDTDBEarnings Watch: Morgan Stanley rounds out quarterly results for financial firms
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06:36 EDTDBBaFin accuses Deutsche Bank execs of Libor negligence, WSJ reports
German regulators have accused several Deutsche Bank executives of failing to halt or notify regulators about years of attempted market manipulation, the Wall Street Journal reports, according to a confidential report. BaFin, Germany's financial watchdog, sent the report to Deutsche Bank's board on May 11, less than a month before the bank announced that its co-CEOs Anshu Jain and Jurgen Fitschen intended to resign, the report says. Jain was singled out particularly int he letter for allegedly providing inadequate leadership and failing to stop manipulation of the London interbank offered rate, or Libor, and other benchmarks, the report says. Four other Deutsche bank board members and two other senior executives were also harshly criticized by BaFin in the report for negligence and selective disclosures, the Wall Street Journal says. Reference Link
July 16, 2015
05:46 EDTDBFCA in early stages of investigation into Deutsche Bank, Financial Times reports
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July 15, 2015
08:35 EDTDBCNBC to hold a conference
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July 13, 2015
13:23 EDTDBNY regulator investigates suspected Deutsche Bank bribe attempt, FT reports
New York's Department of Financial Services has requested that Deutsche Bank provide details of a suspected bribe offered last December to a bank employee in Moscow, who allegedly was asked to resume conducting stock trades that might have breached money laundering rules, the Financial Times reports. The request is part of an investigation into whether $6B of trades made by Deutsche Bank for Russian clients constituted as money laundering, the report says. Reference Link

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