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News Tag: Deutsche Bank

October 27, 2010

Deutsche Bank reveals Q3 loss

by Kay Mitchell
Deutsche Bank reveals Q3 loss
Germany’s largest lender, Deutsche Bank, today announced a loss for the third quarter, owing to its take over of retail bank, Postbank. The bank reported a net loss of €1.2 billion (£1.05 billion), compared with a €1.39 billion profit in the same period last year. However, the figures still beat forecast of a €1.48 billion loss for the current-year period. Excluding Postbank, net profit ...




September 22, 2010

Deutsche Bank reports Q3 loss

by Kay Mitchell
Deutsche Bank reports Q3 loss
Germany's largest bank, Deutsche Bank, today saw its shares fall after issuing a profit warning. The banking giant said its takeover of retail bank, Postbank, would lead to a €2.3 billion loss. Shares fell 8% to €41.12 on the news. In order to fund the takeover, the bank has launched a €10 billion (£8.1 billion) rights issue. The cash call represents Germany’s largest but ...




September 13, 2010

Deutsche Bank confirms €10bn cash call

by Kay Mitchell
Deutsche Bank confirms €10bn cash call
Germany’s largest lender, Deutsche Bank, has announced it will embark on a €10 billion (£8.1 billion) rights issue to take over retail bank, Postbank. The announcement comes just a week or so after the National Bank of Greece launched a rights issue. More lenders in Greece, Spain, Portugal and Italy are expected to follow suit to strengthen their balance sheets, according to analysts. Meanwhile, ...




September 12, 2010

Global regulators meet to agree stricter bank rules

by Kay Mitchell
’Global
As the second anniversary of the Lehman Brother collapse nears, regulators and central bank governors have met in Basel, Switzerland this weekend to discuss tougher capital rules. The agreement could force banks to raise fresh equity in order to withstand future downturns in the global financial system. Following the global financial crisis, the G20 leading nations urged regulators and central bankers ...




September 10, 2010

Deutsche Bank to tap investors for cash

by Kay Mitchell
Deutsche Bank to tap investors for cash
Germany's largest lender, Deutsche Bank, is set to embark on a €9 billion (£7.4 billion) rights issue to strengthen its balance sheet. Shares in the bank were down more than 5% in pre-market trade following the announcement. According to analysts, the cash call is set to be the first in a series of fundraisings by banks throughout the world. "This reinforces worries about ...




May 14, 2010

US banks under investigation

by Kay Mitchell
US banks under investigation
Eight Wall Street banks are facing an investigation following allegations that they provided misleading information to several ratings agencies in order to gain a better rating for mortgage securities. New York Attorney General, Andrew Cuomo, has launched the investigation and the banks under scrutiny are Goldman Sachs, Morgan Stanley, UBS AG, Citigroup, Credit Suisse, Deutsche Bank, Credit Agricole and Merrill Lynch (the latter ...




July 21, 2009

Deutsche Bank rocked by spy scandal

by Kay Mitchell
Deutsche Bank rocked by spy scandal
Deutsche Bank, Germany’s biggest lender, is likely to face a criminal investigation after it is being accused of spying on two of its board members. According to a report in Handelsblatt, the two board members are supervisory board member Hermann-Josef Lamberti and shareholder Michael Bohndorf. The lender has been accused of spying on the aforementioned, who are suspected of divulging sensitive information. Deutsche Bank ...




February 5, 2009

Deutsche Bank announces first ever annual loss

by Kay Mitchell
”Deutsche
Germany’s largest bank, Deutsche Bank, has highlighted the severity of the global financial crisis by announcing its first ever annual loss. The bank made a net loss of €3.9 billion (£3.5 billion) in 2008 following a €6.5 billion profit the previous year. Meanwhile, the last quarter of 2008 saw the biggest deficit, with the bank reporting a net loss of €4.8 ...