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Stock Market & Financial Investment News

News Breaks
March 20, 2014
09:01 EDTDBDeutsche Asset & Wealth Management acquires Las Olas Centre in FL
Deutsche Asset & Wealth Managementís real estate investment business today announced that it has acquired 350 and 450 East Las Olas Boulevard, Fort Lauderdale, Florida on behalf of one of its clients. The property, consisting of two towers, offers 468,000 square feet of office and retail space in the central business district. The Centre occupies approximately 3.4 acres and 600 feet of frontage on Las Olas Boulevard in Downtown Fort Lauderdale. Deutsche Asset & Wealth Management is the brand name of the Asset & Wealth Management division of the Deutsche Bank Group.
News For DB From The Last 14 Days
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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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August 18, 2015
09:02 EDTDBDeutsche AWM acquires Wicker Park Commons shopping plaza
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06:49 EDTDBDeutsche Bank reorganizes FIC business, FT reports
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