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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 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
October 16, 2014
06:50 EDTDBEuropean regulator rejects bonus loophole, NY Times says
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October 15, 2014
09:14 EDTDBDeutsche Asset & Wealth Management hires Dessy Arteaga from JPMorgan
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07:26 EDTDBCapital Link to hold a webinar
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October 12, 2014
19:36 EDTDBDeutsche Bank loses traders as it enforces behavior policy, FT says
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14:42 EDTDBDeutsche Bank's provisions for legal costs may rise to $8.8B, Bloomberg says
Deutsche Bank's allocation for potential legal costs may rise to as much as $8.8B, says Bloomberg, citing a report from Spiegel. The banks legal costs which were 3B euros last year are impeding its efforts to build capital and increase returns for investors, added Bloomberg. Reference Link
October 10, 2014
09:13 EDTDBEBA says EU stress test results to be published October 26
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