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Stock Market & Financial Investment News

News Breaks
May 18, 2014
20:17 EDTDBDeutsche Bank announces capital increase with Qatar taking stake
Deutsche Bank announced a capital increase with proceeds expected to be approximately EUR8B. The capital increase will include an ex-rights issue of EUR1.75B which has already been placed with an anchor investor and a fully underwritten rights issue. The rights issue is expected to raise EUR6.3B of new equity. The capital measures will increase the Common Equity Tier 1, CET1, ratio by approximately 230 basis points from 9.5% at the end of the first quarter 2014 to 11.8% on a pro forma CRD4 fully-loaded basis. This increase follows significant strengthening of this ratio, which stood below 6% in mid 2012, under Strategy 2015+. These measures will substantially increase the Bank’s capital ratio, provide a buffer for future regulatory requirements, and support targeted business growth. Deutsche Bank placed approximately 60M shares at a price of EUR29.20 per share with Paramount Holdings Services Ltd., an investment vehicle owned and controlled by His Excellency Sheikh Hamad Bin Jassim Bin Jabor Al-Thani of Qatar, who intends to remain an anchor investor in Deutsche Bank. Additionally, through the rights issue, Deutsche Bank expects to issue up to 300M new shares. The rights offering will be led by Deutsche Bank as global coordinator and bookrunner. A syndicate of banks have agreed to a firm underwriting of the new shares. Subject to the approval by the BaFin, a securities prospectus is expected to be published on 5 June 2014. The subscription period is expected to run through 24 June 2014.
News For DB From The Last 14 Days
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October 29, 2014
09:19 EDTDBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
06:39 EDTDBECB says loan demand expected to rise, Reuters reports
Demand for loans from euro zone banks is expected to rise sharply this quarter, the European Central Bank stated in a report, according to Reuters. Meanwhile, the bloc's banks are expected to ease credit standards in Q4, after credit standards in France and Germany eased in Q3, the news service quoted the ECB as saying. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
06:12 EDTDBDeutsche Bank confirms Marcus Schenck as deputy CFO
The Supervisory Board of Deutsche Bank announced that it has realigned individual responsibilities on the Management Board in line with the Bank's ongoing strategic, regulatory and litigation priorities. As a consequence, the Supervisory Board has appointed two new members to the Management Board. Stefan Krause, CFO since 2008, will take a new position as Head of Strategy and Organizational Development, effective November 1, which will combine responsibility for strategic development and all major change initiatives at the Bank. Krause will continue as CFO until the conclusion of the Annual General Meeting on May 21, 2015. Dr. Marcus Schenck, who will join the Bank from Goldman Sachs (GS) as General Manager and Deputy CFO, will be appointed to the Management Board, effective on conclusion of the Annual General Meeting on May 21, 2015, at which time he will succeed Krause as CFO. Henry Ritchotte will continue as COO with responsibility for Technology and Operations, and will in addition assume responsibility for the Bank’s global digital agenda.
05:55 EDTDBDeutsche Bank says in talks with authorities over LIBOR
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05:49 EDTDBDeutsche Bank reports Q3 net income EUR (94M) vs. EUR 51M last year
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October 28, 2014
18:26 EDTDBDeutsche Bank names Marcus Schenck as deputy CFO, Bloomberg says
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13:00 EDTDBReport says Deutsche Bank to name Schenck to succeed CFO Krause, Reuters says
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07:43 EDTDBDeutsche among banks impacted by minor ECB test result errors, WSJ says
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October 26, 2014
17:32 EDTDBEuropean banks may gain after ECB stress tests, Bloomberg says
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13:27 EDTDBECB releases results of bank stress test
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October 24, 2014
12:52 EDTDBDeutsche Bank expects Q3 litigation costs of EUR 894M
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09:54 EDTDBDeutsche Bank braces for $1.3B in UK and UK Libor-related fines, Reuters says
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09:54 EDTDBDeutsche Bank sails through stress test enacted by ECB, Reuters says
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08:44 EDTDBECB draft shows 25 EU banks set to fail stress test, Bloomberg says
Bloomberg cites a draft ECB document the news service has viewed. Publicly traded EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
October 23, 2014
07:46 EDTDBSunEdison closes financing to build 26 MW utility solar power plant
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October 21, 2014
08:18 EDTDBBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
06:52 EDTDBCiti purchasea Deutsche energy, metals book, Reuters says
Citigroup (C) acquired Deutsche Bank's (DB) energy and metals book, which is the U.S. company's latest expansion effort in commodities trading as some of its competitors look to exit that sector, according to Reuters, citing a source familiar with the matter. Reference Link

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