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Stock Market & Financial Investment News

News Breaks
June 5, 2014
05:49 EDTDBDeutsche Bank sets subscription price for new shares at EUR 22.50
Deutsche Bank said it fixed the subscription price for new shares issued as part of the bank’s capital increase against cash contributions at EUR 22.50 per share. Deutsche Bank will issue a total of 299.8M new registered no par value shares in public offerings in Germany, the United Kingdom and in the United States, using authorized capital. This corresponds to a subscription ratio of 18:5, i.e. Deutsche Bank shareholders may acquire for every 18 existing shares 5 new shares at the subscription price during the subscription period which is expected to run from June 6 through June 24. The new shares will have full dividend entitlement from January 1, 2014. The gross proceeds from the offering, which is fully underwritten, will amount to EUR 6.75B. Delivery of the new shares subscribed as part of the rights offering is expected to take place on or about June 25.
News For DB From The Last 14 Days
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July 5, 2015
19:05 EDTDBUBS said to be whistleblower in Brazil investigation, Reuters reports
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July 2, 2015
12:22 EDTDBBrazil investigates banks for exchange rate manipulation
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05:27 EDTDBAccenture announces five-year contract extension with Deutsche Bank
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July 1, 2015
08:22 EDTDBDeutsche Bank co-CEO Cryan says will update on strategy by end of October
In a message from John Cryan, co-CEO of Deutsche Bank, to employees posted on the bank's website, Cryan stated in part: "In my two years on the Supervisory Board, I have come to recognise that we possess many deep client relationships, skilled and committed employees, a strong brand, cultural diversity, and clear leadership in our home market with strength in many others. At the same time, you will know that our bank faces several tough challenges today. I feel it is only right to be direct and honest with you about these matters if we are to solve them. First, our reputation has been damaged by instances of serious misconduct...Second, our current financial performance does not reflect our tremendous potential...Third, we are too diversified and too complex for our own good...Fourth, we must re-engineer our internal processes...One fundamental certainty that we now possess is agreement on the six broad decisions taken as part of Strategy 2020. Those decisions were taken by the Management Board and unanimously supported by the Supervisory Board. We remain committed to them. As a new Co-CEO marking my first day in the role, I believe it right to take the summer and early autumn to decide how to best execute those decisions. We will therefore update the market with further details by the end of October."
07:14 EDTDBFormer Deutsche Bank CEO in talks with Softbank for executive role, NY Post says
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06:56 EDTDBDeutsche Bank CEO warns staff of 'tough reforms', Reuters says
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June 28, 2015
17:05 EDTDBBank regulator probes 'Isdafix' benchmark manipulation, FT says
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June 26, 2015
14:46 EDTDBBaFin concludes Deutsche Bank acted 'negligently' over Libor rigging, FT reports
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07:55 EDTDBHSBC hires Lilia Karboub to trade derivatives indexes in London, Bloomberg says
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June 24, 2015
07:19 EDTDBJPMorgan names Nachimowski head of chemicals dealmaking in EMEA, Bloomberg says
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