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| Article Title | Sentiment | Date | Summary | Stock | Id | Author |
|---|---|---|---|---|---|---|
| Article Title | Sentiment | Date | ||||
| U.S. fine on Deutsche Bank too big, damaging to stability: Dijsselbloem | -12 | 2016-10-07 15:08:45+00 | A report by the International Monetary Fund this year identified Deutsche Bank as a bigger potential risk to the wider financial system than any other global bank. REUTERS/Joshua RobertsWASHINGTON The fine proposed by the United States for Deutsche Bank is too big and undermines financial stability by pulling out capital from an institution that is trying to recapitalize and restructure, the chairman of euro zone finance ministers said. "The whole concept of too big to fail is wrong, we need to make sure they don't fail. While Deutsche Bank is now much smaller than Wall Street rivals like JPMorgan and Goldman Sachs, it has significant trading relationships with all of the world's largest finance houses through its 42 trillion euros worth of outstanding derivative positions. This is about making sure that every bank has enough capital to be bailed in, in case there are losses to be carried. | DB | {"Reuters Editorial"} | 844 |
| German minister accuses Deutsche Bank of making speculation its business | -16 | 2016-10-02 21:33:10+00 | The logo of Deutsche Bank is reflected in the waters of the Moskva river in Moscow, Russia, September 14, 2015. REUTERS/Sergei Karpukhin/File PhotoTEHRAN German Economy Minister Sigmar Gabriel accused Deutsche Bank (DBKGn.DE) on Sunday of blaming speculators for last week's plunge in its share price when the bank had itself made speculation its business. The problems of Deutsche Bank are awkward for Berlin, which has berated many euro zone peers for economic mismanagement and taken a hard line on other EU nations giving state aid to bail out their problem banks. "I did not know if I should laugh or cry that the bank that made speculation a business model is now saying it is a victim of speculators," Gabriel told reporters on a plane to Iran, which he is visiting with a business delegation. Last week the German finance ministry moved swiftly to dismiss a report that a government rescue plan was being prepared in case Deutsche Bank was unable to raise sufficient new capital to settle litigation which includes cases dating back to its expansion before the financial crisis. | DB | {"Gernot Heller"} | 861 |
| Europe Stocks Tumble as Deutsche Bank Sinks to Fresh Record Low | -15 | 2016-09-26 00:00:00 | Growing worries over Deutsche Bank AG’s capital buffers dragged the stock to a fresh all-time low and cast a pall on its peers. Only 35 companies in the Stoxx 600 rose. A gauge tracking the firms trades at 0.66 times book value, less than any other industry group in the region and near a record low relative to the Stoxx Europe 600 Index. The Stoxx 600 has lost more than 7 percent this year, dragged down by lenders, while equity gauges in the U.S. and Asia have climbed. Italy’s UniCredit SpA, Bank of Ireland and BNP Paribas SA were among other financial firms that lost at least 3 percent. | DB | {"Sofia Horta E Costa"} | 56 |
| Shorts Waded Into Financials Just in Time for Deutsche Bank Rout | -16 | 2016-09-26 00:00:00 | “And given what’s going on with Deutsche Bank and Wells Fargo, I would expect that weakness to continue with financials as a whole. Deutsche Bank slumped 7.1 percent in U.S. trading after a media report said the German government wouldn’t step in to back the lender. Even before Deutsche Bank AG’s drop to a record low dragged down U.S. financial shares on Monday, investors were braced for the worst. “The spillover from Friday’s weak action, with nothing material coming from overseas other than the Deutsche Bank concerns, it’s not surprising to see the market with a weaker tone,” said James. Blame the Federal Reserve’s decision to hold interest rates steady last week, prolonging the wait for higher yields on cash holdings for financial firms. | DB | {"Joseph Ciolli"} | 40 |
| Europe Stocks Tumble as Deutsche Bank Sinks to Fresh Record Low | -15 | 2016-09-26 00:00:00 | Growing worries over Deutsche Bank AG’s capital buffers dragged the stock to a fresh all-time low and cast a pall on its peers. Only 35 companies in the Stoxx 600 rose. A gauge tracking the firms trades at 0.66 times book value, less than any other industry group in the region and near a record low relative to the Stoxx Europe 600 Index. The Stoxx 600 has lost more than 7 percent this year, dragged down by lenders, while equity gauges in the U.S. and Asia have climbed. Italy’s UniCredit SpA, Bank of Ireland and BNP Paribas SA were among other financial firms that lost at least 3 percent. | DB | {"Sofia Horta E Costa"} | 41 |
| Deutsche Bank Slumps as Investors Question Lender’s Health | -21 | 2016-09-26 00:00:00 | Deutsche Bank may be the biggest contributor to systemic risk among lenders, the International Monetary Fund said in June. Deutsche Bank also faces inquiries into legal issues including precious metals trading and billions of dollars in transfers out of Russia. Steffen Seibert, a spokesman for Merkel, told reporters in Berlin on Monday that there are “no grounds” for speculation over state funding for Deutsche Bank, adding that the government expects a “fair result” in the lender’s talks with the DOJ. That’s roughly the amount the bank had set aside for all legal disputes at the end of the first half. The bank is “determined to meet challenges on its own” and the “question for a capital increase is currently not on the agenda,” he said. | DB | {"Jan-henrik Foerster"} | 46 |
| Deutsche Bank faces U.S. demand to pay $14 billion over toxic mortgages | -10 | 2016-09-16 00:00:00 | The U.S. Justice Department wants the bank to pay $14 billion over allegations it packaged up toxic mortgages between 2005 and 2007. Deutsche Bank, which was dubbed the world's riskiest bank by the International Monetary Fund in June, announced a 98% plunge in profit for the second quarter of this year. Earlier this year, Goldman Sachs agreed to pay $5.1 billion to put to rest claims over its dealings. Deutsche Bank has set aside about $6.2 billion to deal with the various legal challenges it's facing. "Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited," it said in a statement. | DB | {"Jethro Mullen"} | 47 |
| Most Read on Bloomberg: Deutsche Bank Drops, U.S. Stocks Rebound | -16 | 2016-09-17 00:00:00 | Fed’s Lockhart Speaks: U.S. Economy, Monetary Policy(Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks about the U.S. economy, monetary policy and inflation. Fed’s Brainard Speaks: Monetary Policy, U.S. Economy(Bloomberg) -- Federal Reserve Governor Lael Brainard speaks about monetary policy and the U.S. economy. Donald Trump Speaks About Tax Plan, U.S. Economy(Bloomberg) -- Republican presidential nominee Donald Trump speaks about his tax proposal and the U.S. economy. Fed’s Kashkari Speaks: Economy, Rates, Too Big to Fail(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari speaks about U.S. economy, monetary policy, the central bank’s structure and financial regulation. Trump speaks at the Economic Club of New York. | DB | {"Audrey Barker"} | 50 |
| The $14bn Deutsche Bank fine – all you need to know | -27 | 2016-09-16 00:00:00 | Shares in Deutsche Bank, Germany’s largest bank, took a dive after news that the institution faces a $14bn (£10.5bn) charge over mis-selling mortgage securities in the US. Deutsche Bank has been quick to describe the fine as an “opening position” from Washington. Why is Deutsche Bank in trouble? Is this the end of Deutsche Bank’s regulator troubles? The prospect of a $14bn penalty from the US Department of Justice has rattled investor confidence in Deutsche. | DB | {"Jill Treanor"} | 121 |
| Deutsche Bank to fight $14 billion demand from U.S. authorities | -33 | 2016-09-16 19:32:53+00 | REUTERS/Kai Pfaffenbach/File PhotoThe headquarters of Germany's Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. The demand adds to the problems facing Deutsche Bank's Chief Executive John Cryan, a Briton who has been in the job for a year. The cost of insuring Deutsche Bank debt against default rose by around eight percent. The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. "Analysts said that even a hefty reduction in the bill was likely to weigh heavily on Deutsche Bank's finances. | DB | {"Arno Schuetze"} | 97 |
| DOJ demanding $14B fine | -7 | 2016-09-16 00:00:00 | WIBBITZBERLIN, GERMANY - FEBRUARY 09: People walk past a branch of Deutsche Bank on February 9, 2016 in Berlin, Germany. "Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited," the company said in a statement. Shares of Deutsche Bank rose 16% on the Frankfurt stock exchange on February 10 following rumours the bank may announce a bond buy-back initiative. Skip Ad Ad Loading... x Embed x Share Deutsche Bank is prepared to fight a $14 billion demand from the Department of Justice. German magazine Manager Magazin had previously reported that the Justice Department was expected this week to send a 100-page document to Deutsche Bank outlining a list of violations, identifying employees at fault and listing the fine it was demanding. | DB | {"Nathan Bomey","Edt September","P M"} | 118 |
| US asks Deutsche Bank for $14bn to settle mortgage investigation | -20 | None | Image copyright Getty ImagesThe US Department of Justice is asking Deutsche Bank to pay $14bn (£10.6bn) to settle an investigation into mortgage-backed securities, the bank has said. Deutsche Bank said it "has no intention to settle these potential civil claims anywhere near the figure cited". The fine has emerged at a difficult time for Deutsche Bank. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts," Deutsche Bank said. The Department of Justice sought $12bn from Citigroup in 2014 for the sale of mortgage-backed financial products. | DB | {} | 104 |
| Germany 'prepares Deutsche Bank rescue' | -8 | None | Deutsche Bank has denied the report. Image copyright Getty ImagesThe German government and financial authorities are working on a rescue plan for Deutsche Bank in case it cannot pay fines in the US, according to Die Zeit newspaper. The federal government is preparing no rescue plans. In the worst-case scenario, the government would even take a 25% stake in the bank, according to the article. Die Zeit also made clear that the government still hoped the bank would be able to manage without state backing. | DB | {} | 119 |
| Deutsche Bank shares fall to lowest level since mid-1980s | -19 | 2016-09-26 00:00:00 | The $14bn Deutsche Bank fine – all you need to know Read moreDeutsche’s shares have been under pressure since early this year when the bank became the focal point of fears over European banking’s financial strength and profitability. They have dropped to a level not seen since the mid-1980s and are at a record low, according to some calculation methods. Deutsche Bank has been scrambling to reassure investors it has enough cash to pay a multibillion-dollar fine for alleged wrongdoing a decade ago as its shares crumbled to new lows and knocked sentiment across the banking sector. The shares have more than halved this year on mounting concerns about its financial position. In June, the International Monetary Fund said Deutsche was a bigger risk to the global financial system than any other bank because of its intertwined relationships with other international lenders. | DB | {"Sean Farrell","Jill Treanor"} | 120 |
| Deutsche Bank to fight Department of Justice's $14bn fine | -35 | 2016-09-16 00:00:00 | Deutsche Bank has vowed to challenge a $14bn claim by the US Department of Justice to settle an investigation into its selling of mortgage-backed securities. An earlier version said incorrectly in the headline and first paragraph that Deutsche Bank “must pay $14bn” to settle the claim. “Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts,” Deutsche Bank said in a statement on Friday. The claim against Deutsche, which the bank said it would dispute strongly, far outstrips the bank’s and investors’ expectations for such costs. | DB | {"Staff Agencies"} | 117 |
| How Deutsche Bank Will Be Hurt by Mortgage Fines | -10 | None | Photo: Bloomberg NewsA $14 billion U.S. mortgage penalty would be disastrous for Deutsche Bank DB 1.64 % . ENLARGE John Cryan, chief executive of Deutsche Bank. Deutsche Bank has been hoping to pay $2 billion to $3 billion, which is why the shares dropped 8% on the news. If these settlements together come to more than $8 billion, then Deutsche will likely need to raise capital. Settlements already concluded with the Federal Housing Finance Agency offer some guide to where Deutsche might rank. | DB | {"Paul Davies Wsj Com","Paul J"} | 122 |
| Deutsche Bank Tumbles as DoJ Claim of $14 Billion Rebuffed | -23 | 2016-09-15 00:00:00 | In addition to the U.S. mortgage investigation, Deutsche Bank faces litigation and regulatory probes relating to issues such as foreign-currency rate manipulation and precious metals trading. “It’s good that Deutsche Bank is pushing back.” Deutsche Bank’s 650 million pounds ($852 million) of 7.125 percent notes fell 5 pence to 81 pence on the pound, also a record fall. “Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement early Friday in Frankfurt. Reaching a mortgage deal would clear a major hurdle for Deutsche Bank, which has paid more than $9 billion in fines and settlements since the start of 2008, according to data compiled by Bloomberg. | DB | {"Jan-henrik Foerster","Dakin Campbell Tom Schoenberg Jan-henrik Foerster","Tom Schoenberg","Dakin Campbell"} | 124 |
| Deutsche Bank nears U.S. mortgage settlement | -25 | 2016-09-09 00:00:00 | (FILES) Picture taken on June 9, 2015 shows the logo of Deutsche Bank, at the headquarter's building in Frankfurt. When contacted by USA TODAY, Deutsche Bank spokesman Troy Gravitt decline to comment. Deutsche Bank (DB) shares rallied 3.2% Friday on the news to close at $15.26 but are still down nearly 37% for the year. Last month, the troubled bank said it would close 188 of its 723 German bank branches next year and cut 3,000 jobs in a cost-cutting move. The sizable fine would be the latest hit to Deutsche Bank, which has been dogged by financial weakness and regulatory scrutiny for years. | DB | {"Adam Shell","P M","Edt September"} | 125 |
| Deutsche Bank Surges on Report U.S. Mortgage Settlement Is Near | -8 | 2016-09-09 00:00:00 | “It’s good news for investors that Deutsche Bank is about to solve this issue. Deutsche Bank shares rose as much as 5.3 percent and traded 5.1 percent higher at 13.78 euros as of 1:24 p.m. in Frankfurt. A Deutsche Bank spokeswoman declined to comment when contacted by Bloomberg. Deutsche Bank AG shares jumped the most in two months after a media report that Germany’s largest lender is nearing a settlement deal with U.S. authorities on an investigation into the sale of residential mortgage-backed securities. Deutsche Bank’s fine might be higher than Goldman Sachs Group Inc.’s penalty of $2.38 billion, the German magazine reported. | DB | {"Jan-henrik Foerster"} | 126 |
| Deutsche Bank nearing settlement with U.S. authorities on mortgages: sources | -22 | 2016-09-09 11:35:34+00 | REUTERS/Wolfgang Rattay/File PhotoFRANKFURT Deutsche Bank (DBKGn.DE) is nearing a settlement with U.S. authorities on past misspelling of mortgage-backed securities, two people close to the matter said. A logo of a branch of Germany's Deutsche Bank is seen in Cologne, Germany, July 18, 2016. While the price for the Deutsche settlement has not yet been decided, the payment "will not overburden" the bank, one of the people said. Deutsche Bank's shares are still down 37 percent since the start of year, reflecting investor doubts about its ability to turn itself around. Deutsche Bank declined to comment. | DB | {"Arno Schuetze","Andreas Kr Ner"} | 127 |
| Deutsche Bank braced for Libor fine with announcement of £1bn set aside | -24 | 2015-04-22 00:00:00 | Germany’s biggest bank, Deutsche Bank, has announced it is setting aside €1.5bn (£1bn) for litigation costs, fuelling expectations that it may soon be the latest bank to be fined for rigging the benchmark Libor interest rate. The Deutsche Bank fine is expected to be accompanied by similar cache of evidence. Deutsche Bank gave no reason for the extra litigation costs. The wave of Libor fines, though, have since been surpassed by the penalties imposed for manipulating foreign exchange markets. Jain used to run the investment banking operations of the bank, but an internal investigation has cleared him of any involvement. | DB | {"Jill Treanor"} | 131 |
| Deutsche Bank in $2.5 billion settlement over interest rate manipulation | -20 | 2015-04-23 00:00:00 | Deutsche Bank will pay $2.5 billion to settle charges it conspired to manipulate global interest rate benchmarks, U.S. and U.K. regulators announced Thursday. The authorities said Deutsche Bank employees manipulated the London Interbank Offered Rate, or Libor, the Euro Interbank Offered Rate, or Euribor, and the Euroyen Tokyo Interbank Offered Rate, or Tibor. In one message from 2005, a Deutsche Bank trader asked a fellow bank employee, "can we have a high 6mth libor today pls gezzer? Regulators released several examples showing how Deutsche Bank traders would ask for the rates to be fixed. Related: EU fines banks record $2.3B over LiborThursday's settlement is part of an ongoing and coordinated investigation into interest rate manipulation by the world's biggest banks. | DB | {"Ben Rooney"} | 132 |
| Shares Of Apple (AAPL), Nike (NKE) And Deutsche Bank (DB) See Sharp Drops | -9 | 2016-09-29 22:14:33+00 | "Deutsche Bank's price of shares sunk 6.67 percent to close at $11.48. U.S. stocks closed lower Thursday amid concerns Deutsche Bank's (DB) woes will cast a long shadow on the financial sector. Pfizer Inc. (PFE) dropped 1.97 percent as shares of health-care stocks dipped on worries of tighter regulations. Apple's shares have dipped 3.45 percent since reaching a high of $116.18 on Sept. 19. But why would investors come back until the Deutsche Bank issues are cleared up? | DB | {} | 689 |
| Deutsche Bank and the Unintended Consequence | -50 | None | Which brings us to Deutsche Bank, whose troubles have filled the news. One reason right now is Deutsche Bank. OK, Deutsche Bank won’t be allowed to fail. (Deutsche Bank was actually a buyer. Wait, Deutsche Bank knowingly invested in defective mortgage securities? | DB | {"Holman W","Jenkins Jr"} | 452 |
| Deutsche Bank Fined by SEC Over Failure to Guard Research | -12 | 2016-10-12 00:00:00 | Deutsche Bank AG will pay $9.5 million to settle U.S. Securities and Exchange Commission allegations that the bank failed to properly safeguard non-public information generated by its research analysts. Grom, who no longer works for Deutsche Bank, agreed to a one-year industry ban and $100,000 penalty without admitting or denying the regulator’s allegations. “The bank takes its research analyst communications and conduct very seriously and has had a robust policy and control framework,” Amanda Williams, a Deutsche Bank spokesperson, said in an e-mail statement. “Information generated by research analysts such as ratings, views, estimates, and trading recommendations can move markets,” Antonia Chion, associate director of the SEC’s enforcement unit, said in the statement. The bank made no record of the ideas shared, the SEC said. | DB | {"Matt Robinson"} | 384 |
| French Lawmakers Say Deutsche Bank U.S. Fine Could Cause Crisis | -14 | 2016-10-05 00:00:00 | The IMF said in June that Deutsche Bank’s connections to other lenders may make it the single biggest contributor to systemic risk among global banks. Europe could face financial turmoil if the U.S. forces Deutsche Bank AG to pay $14 billion to settle civil claims over the company’s handling of mortgage-backed securities, French lawmakers said. Any banking collapse tied to Deutsche Bank’s U.S. legal woes would have “incalculable economic consequences” in Europe, said Pierre Lellouche of the opposition Les Republicains party. Lawmakers say the measure will speed up resolution of disputes and serve as a counterweight to America’s growing legal reach. “The amount is such that it could provoke a potentially systemic crisis,” Socialist politician Karine Berger told journalists in Paris Wednesday. | DB | {"Fabio Benedetti Valentini"} | 385 |
| DOJ settlement could crush Germany's Deutsche Bank | -14 | 2016-10-02 00:00:00 | The troubles aren't over for Deutsche Bank, despite a slightly optimistic media report on Friday. "German industry needs a Deutsche Bank to accompany us out into the world," BASF Chairman Juergen Hambrecht said. US authorities are demanding a fine of up to $14 billion for mis-selling mortgage-backed securities, and Deutsche Bank is throwing its energies into reaching a settlement before next month's presidential election. The German bank has been facing several issues. Deutsche Bank and the government in Berlin have had to play a delicate balancing act, emphasizing the substance and importance of the bank without implying any need for state aid or willingness to supply it. | DB | {"Rachael Levy"} | 386 |
| How US regulators may be creating panic around Deutsche Bank | -10 | 2016-09-30 00:00:00 | Deutsche Bank finds itself in the center of a panic, and some analysts are pointing fingers at U.S. regulators. "Certainly, the Justice Department is not the only organization scrutinizing Deutsche Bank: The IMF released a report this summer stating that that Deutsche Bank poses a greater risk to the global financial system than any other bank in the world. Shares of Germany's biggest bank plunged on Thursday on reports that a handful of its big hedge fund clients were limiting their exposure to Deutsche Bank, though the bank has characterized those media reports as "unjustified concerns. The Department of Justice declined to comment to CNBC, as did Deutsche Bank. But the size of that Justice Department fine has many analysts talking. | DB | {"Allison Shelley","Evelyn Cheng","Getty Images"} | 388 |
| Deutsche Bank's options to solve capital dilemma seen to be limited | -22 | 2016-10-17 16:31:54+00 | Earlier this month, German Economy Minister Sigmar Gabriel signaled that sympathy for Deutsche Bank was limited in political circles. Here are the bank's main options:CAPITAL INCREASEShareholders have already authorized Deutsche Bank's management to issue new shares of up to 50 percent of its existing capital. MERGERS Deutsche Bank has held exploratory merger talks with Commerzbank, but a deal would likely take years to pull off. Several Deutsche Bank investors have pushed the lender to explore such options. Some analysts say litigation reserves total just 5.5 billion euros ($6.16 billion). | DB | {"Edward Taylor"} | 390 |
| Baron David de Rothschild’s Bank Fined Over U.S. Tax Dodging | -10 | 2015-06-03 00:00:00 | Rothschild Bank AG, the Zurich-based private bank of the Rothschild financial dynasty, became the latest Swiss bank to be fined by the U.S. Justice Department for helping Americans conceal assets offshore. Edmond de Rothschild group is a separate asset manager and private bank led by Ariane de Rothschild and Benjamin de Rothschild. Lombard Odier, Geneva’s oldest bank, and the Swiss units of Deutsche Bank AG and Schroders Plc are among dozens of other companies waiting to conclude a deal. The U.S. probe of the Swiss financial industry has already hit the country’s biggest banks, UBS Group AG and Credit Suisse Group AG, for more than $3 billion. More than 100 entered the Justice Department program at the end of 2013. | DB | {"Giles Broom"} | 392 |
| Is Deutsche Bank the next Lehman moment? | -24 | 2016-10-02 00:00:00 | The logo of Germany's biggest lender Deutsche Bank is seen on a branch of the bank in Berlin's Mitte district on September 30, 2016. "Whatever happens with Deutsche Bank, this is not — I repeat, not — a Lehman moment," says Don Luskin, chief investment officer at investment firm TrendMacro. "The big unknown is what the final fine will be once the Justice Department and Deutsche Bank end their negotiations. "It doesn't mean that Deutsche Bank is in immediate danger, but you certainly do not want to be the last one out. "When push comes to shove, Merkel will bail out Deutsche Bank," says Luskin of TrendMacro. | DB | {"Adam Shell","Edt October","A M"} | 454 |
| Germany denies preparing to rescue Deutsche Bank | -30 | 2016-09-28 17:10:52+00 | A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt, Germany, January 26, 2016. Deutsche Bank shares, which have lost around half their value this year, gained 2 percent on Wednesday. A Deutsche Bank spokesman referred to an interview Chief Executive John Cryan gave German daily Bild on Wednesday and denied the report. It added, however, that it still hoped Deutsche would not need state support and that only scenarios for a rescue were being discussed. REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT The German government denied that it was working on a rescue of Deutsche Bank (DBKGn.DE) after a newspaper report about such plans fueled fears over the future of the biggest lender in Europe's largest economy. | DB | {"Arno Schuetze"} | 926 |
| Deutsche Bank Sued by Japan School on Derivative Losses | -9 | 2015-02-13 00:00:00 | Deutsche Bank AG’s Japan units were sued by a Japanese school operator for 9 billion yen ($76 million) in compensation for losses on derivative transactions. Nanzan lost 22.9 billion yen from derivative transactions with six brokerages, including Frankfurt-based Deutsche Bank, UBS and Nomura, from 2005 to 2012, Okajima said. Nanzan had six transactions with Deutsche Bank in that period, Okajima said. UBS Group AG and Nomura Holdings Inc. were also sued by the school operator last year for a total of 8.8 billion yen in compensation. Takayuki Inoue, a spokesman for Deutsche Securities Inc. in Tokyo, declined to comment. | DB | {"Takahiko Hyuga"} | 455 |
| Deutsche Bank Sued by TPV Founder Over $32 Million Loss | -10 | 2015-01-14 00:00:00 | Deutsche Bank AG was sued in Singapore by Stanley Pan Fang-Jen, a co-founder of Hong Kong-based TPV Technology Ltd., over a $32 million trading loss due to alleged false representations. The bank will defend against the lawsuit, which has no merit, said Michael West, a Hong Kong-based spokesman at Deutsche Bank. The case is Zillion Global Ltd. v Deutsche Bank AG, Singapore Branch. Pan told the bank he would make trades on his own terms, rejected some investment products and was firm in his view the U.S. dollar would weaken in 2008, Deutsche Bank said. Pan sold most of his stake in TPV, a Hong Kong and Singapore-listed maker of computer screens and televisions for $231 million in 2003, according to court papers. | DB | {"Andrea Tan"} | 456 |
| Trump’s unusual conflict: Millions in debts to German bank now facing federal fines | -29 | 2016-09-30 00:00:00 | Federal regulators are seeking a $14 billion fine from Deutsche Bank, Trump’s top lender, to settle claims that the bank issued toxic mortgages amid the housing crisis. In the Deutsche Bank case, it’s impossible to predict exactly how the bank’s settlement discussions could intersect with Trump’s financial interests if he wins the election — or if they would. Deutsche is the only big Wall Street bank on Trump’s filings that has continued to lend even as Trump companies filed six bankruptcies. German media have suggested the bank has sought a state bailout that could lead to partial ownership of the bank by the German government. If the German government partially owned the bank, lawyers said, Trump’s dual rule as a business executive and chief diplomat could come into conflict. | DB | {"Drew Harwell Is A National Business Reporter At The Washington Post"} | 451 |
| Deutsche Bank’s potential $14bn penalty in 10 simple charts | -8 | 2016-10-12 00:00:00 | It is the same, almost, as Deutsche Bank’s value on the stock market of about €16bn ($17.8bn). The bank’s assets are valued at €1.6tn ($1.8tn), or half a year’s output for the entire German economy. What can Deutsche Bank sell? Germany has lots of banks, with more branches per person than comparable economies; on the high street, Deutsche Bank is one among many. Potential investors may also be put off by Deutsche Bank’s unusually large engagement with over-the-counter derivatives – complicated financial products such as futures contracts which banks sell to one another off the open market. | DB | {"Sean Clarke","Cath Levett","Pamela Duncan"} | 557 |
| Could Deutsche Bank Collapse? | -28 | 2016-09-30 16:06:00 | Still, Cryan pointed to “strong fundamentals” at the bank, adding: “We are and remain a strong Deutsche Bank.” Deutsche Bank shares rose sharply Friday . It was this lesson that led Deutsche Bank investors to believe that if the worst should happen, Germany would bail the Deutsche Bank out. In a memo to Deutsche Bank employees , John Cryan, the CEO, acknowledged the “bank has become subject to speculation. The International Monetary Fund said in June: “Deutsche Bank appears to be the most important net contributor to systemic risks” in the global market. Agence France-Presse reported Friday that Deutsche Bank would pay $5.4 billion instead. | DB | {"J Weston Phippen"} | 531 |
| Deutsche Bank’s $14 Billion Scare | -33 | 2016-10-05 00:00:00 | Then came last month’s news that the government had opened settlement talks by asking for $14 billion, a figure that Deutsche Bank said it wouldn’t pay. A reorganization at the top of the Justice Department put a different person in charge of mortgage-securities investigations. ‘Cloud of Uncertainty’At the Justice Department, an official known for antitrust investigations of big banks had been promoted to the No. Renee Calabro, a Deutsche Bank spokeswoman, declined to comment. In early September, a German magazine said Deutsche Bank might pay more than $2.4 billion, using Goldman’s settlement as a yardstick and not disclosing its sourcing. | DB | {"David Mclaughlin","Tom Schoenberg","Tom Schoenberg David Mclaughlin"} | 546 |
| BRIEF-SEC says Deutsche Bank is paying $9.5 mln penalty for failing to properly safeguard research information | -7 | 2016-10-12 15:40:37+00 | Oct 12 (Reuters) -* U.S. SEC- Deutsche Bank failed to properly safeguard research information* U.S. SEC- Deutsche Bank Securities agreed to pay $9.5 million penalty for failing to properly safeguard material nonpublic information generated by its research analysts* SEC- Deutsche Bank published improper research report and failed to properly preserve,provide certain electronic records sought by SEC during investigation* SEC- Deutsche Bank issued a research report with "buy" rating for big lots that was inconsistent with personal view of analyst who prepared and certified it Source text : bit.ly/2e5NFLD Further company coverage: | DB | {"Reuters Editorial"} | 564 |
| Deutsche Bank and Walmart Face Same Gambit With Justice Dept. | -48 | 2016-10-11 00:00:00 | Companies are expected to conduct an internal investigation of possible wrongdoing anywhere in their operations and then report back to the Justice Department about what was uncovered. For Deutsche Bank and Walmart, the opening bids are just that — a start, and certainly not the final figure that will come out of the negotiations. The push back by Walmart may just be a gambit to get the Justice Department and the Securities and Exchange Commission, which share oversight of the law, to drop their price. Even if it was just an opening salvo, it shows that Deutsche Bank is facing a hefty payment regardless of the final number. That posturing failed to quell concerns about the viability of the bank, and shares dropped more than 40 percent at one point. | DB | {"White Collar Watch","Peter J"} | 559 |
| Deutsche Bank Said Set to Advance on 1,000 Planned Job Cuts | -11 | 2016-10-02 00:00:00 | “For the latter, one way are cost cuts, and the nod from the works council is a small step forward.”An official for Deutsche Bank declined to comment. Deutsche Bank is scheduled to report third-quarter earnings on Oct. 27. Deutsche Bank is seeking to reach a ratio of at least 12.5 percent by the end of 2018. The CEO signaled in July that the bank may have to deepen cost cuts after second-quarter profit was almost wiped out. “Deutsche Bank has two challenges -- on one hand it needs to increase its capital ratio, and on the other it needs to change its business model and improve profitability,” said Daniel Regli, an analyst at MainFirst. | DB | {"Jan-henrik Foerster","Aaron Kirchfeld Jan-henrik Foerster","Aaron Kirchfeld"} | 560 |
| Fresh fears hit Deutsche Bank share price | -10 | 2016-10-03 00:00:00 | However, the absence of further news rattled US investors on Monday and Deutsche shares had fallen 3% by the time European markets were closing. On Monday, the state of Connecticut said the 73% taxpayer-owned bank had agreed a $120m settlement over misselling RMBS. Deutsche is one of a number of European banks – including Barclays and Royal Bank of Scotland – that face settlements with the DoJ. He was responding to the memo Cryan sent to 100,000 employees on Friday blaming “forces in the market” for destabilising the bank. This is regarded as an opportunity to thrash out a settlement ahead of the US general election next month. | DB | {"Jill Treanor"} | 561 |
| Deutsche Bank: how did a beast of the banking world get into this mess? | -32 | 2016-09-27 00:00:00 | Once a big beast of the banking world, Deutsche Bank is grappling with a string of problems that are raising questions about its need to gain more funds in order to survive. On the basis of the IMF’s assessment, the consequences of a Deutsche Bank collapse could be worse than the signature event of the global banking crisis. Why does Deutsche Bank matter? However, matters have been complicated by a prolonged low interest rate environment, which has made Deutsche Bank investors realise it would be difficult for the bank to generate as much revenue as it did in the past. Deutsche Bank is facing questions about whether it can afford a penalty of $14bn (£10.5bn) from the US Department of Justice for mis-selling mortgage bonds a decade ago. | DB | {"Jill Treanor"} | 562 |
| Deutsche Bank won't go belly up, but it's not out of the woods | -17 | 2016-09-30 00:00:00 | In a CNBC interview Friday, Benamou called Deutsche Bank a "dinosaur" that grew in the early 2000s and stayed big. "Deutsche Bank would be the first European bank to settle on residential mortgage-backed securities with the DOJ. Deutsche Bank shares that trade in Europe mirrored Wall Street's declines early Friday, but recovered late in the session. Bank of America agreed to nearly a $16.7 billion settlement in 2014, while JPMorgan settled for $13 billion in 2013. The following month, Wells Fargo reached a $1.2 billion settlement over mortgage fraud charges. | DB | {"Getty Images","Photographer Collection","Matthew J"} | 563 |
| Intertek and Deutsche Bank help European shares to advance | -7 | 2016-10-04 07:35:27+00 | Deutsche Bank rose around 2 percent to a two-week high. LONDON Oct 4 European shares advanced in early trading on Tuesday, with British testing company Intertek Group leading the market higher after a broker update while Deutsche Bank further recovered after recent steep losses. However, HSBC cut its target price for the bank, forecasting challenging conditions for the banking environment and adding that Deutsche Bank might lose revenues due to the short-term lack of confidence. HSBC said that despite Deutsche Bank's obvious operational shortcomings, fears over the bank's solvency were overdone. Shares in Intertek rose more than 4 percent, the top gainer in the STOXX 600 index, after Jefferies raised its stance on the stock to "buy" from "underperform" and lifted its target price to 4,300 pence from 3,000 pence. | DB | {"Reuters Editorial"} | 566 |
| Deutsche Bank Jumps on Report of $5.4 Billion DOJ Settlement | -8 | 2016-09-30 00:00:00 | Deutsche Bank has long struggled to adapt to an era of tougher capital requirements and diminished trading revenue. Deutsche Bank has lost about 49 percent of its market value this year. Deutsche Bank AG jumped the most in almost six months after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice, less than half the amount initially requested. Deutsche Bank’s stock and debt have been under pressure after the DOJ earlier this month requested $14 billion to settle an investigation into residential mortgage-backed securities. Agence France-Presse reported that the lender is nearing a settlement with the DOJ in a probe tied to residential mortgage-backed securities, citing an unidentified person familiar. | DB | {"Jan-henrik Foerster"} | 579 |
| Why Deutsche Bank’s Shares Are at a Record Low: QuickTake Q&A | -15 | 2016-09-26 00:00:00 | June report that Deutsche Bank “appears to be the most important net contributor to systemic risks” among global systemically important banks. Some of Deutsche Bank’s most complex deals are “ an accident waiting to happen,” Jacques-Henri Gaulard, a Kepler Cheuvreux analyst, wrote to clients on Sept. 29. This story, ripped from the headlines of 2008, is happening today to Deutsche Bank AG. Now Deutsche Bank may need help -- but what kind, and from whom? The alarm bells over Deutsche Bank that were clanging in the markets have quieted somewhat. | DB | {"Jan-henrik Foerster"} | 585 |
| German government prepare Deutsche Bank rescue plan: Die Zeit | -7 | 2016-09-28 11:45:55+00 | FRANKFURT The German government and financial authorities are preparing a rescue plan for Deutsche Bank (DBKGn.DE) in case the lender would be unable to raise capital itself to pay for costly litigation, German weekly Die Zeit reported. "The German government is still hoping Deutsche Bank will not need state support and only scenarios for a potential rescue are being discussed so far, Die Zeit reported. A Deutsche Bank spokesman referred to an interview Chief Executive John Cryan gave German daily Bild on Wednesday and denied the report. According to the draft plan, Deutsche Bank would be enabled to sell assets to other lenders at prices that would ease the strain on the lender and not put an additional burden on the bank, the paper said. In an extreme emergency, the German government would even offer to take a direct stake of 25 percent, the paper added without saying where it got the information. | DB | {"Reuters Editorial"} | 586 |
| Germany Pressures Deutsche Bank to Speed Overhaul | -14 | 2016-10-12 00:00:00 | Cryan has sought for the past three weeks to reassure investors that Deutsche Bank can weather the litigation. Analysts at Barclays Plc speculate that could cost Deutsche Bank as much as 2 billion euros. Qatar’s royal family is considering increasing its stake in Deutsche Bank to as much as 25 percent, according to people with knowledge of the matter. “Once Deutsche Bank has settled with the Americans, it can once again concentrate on its tasks at hand,” Michael Fuchs, deputy parliamentary leader for Merkel’s Christian Democratic-led bloc, said in an interview. While Merkel’s government says it doesn’t have a rescue plan, that hasn’t quelled concern among some German politicians who say Deutsche Bank, which runs Europe’s biggest investment bank and has half of its 101,000 employees in Germany, needs to be pared. | DB | {"Birgit Jennen Patrick Donahue","Patrick Donahue","Birgit Jennen"} | 587 |
| Deutsche Bank Investors Press Lender to Sharpen Focus | -7 | 2016-10-20 00:00:00 | Deutsche Bank could also trim equities trading while focusing on its larger fixed-income business, the person said. Deutsche Bank rose as much as 4.2 percent, trading at 12.97 euros at 4:47 p.m. in Frankfurt, up 3.4 percent. A spokesman for Deutsche Bank declined to comment. Deutsche Bank is scheduled to release third-quarter earnings on Oct. 27. Deutsche Bank AG should shrink its securities business and eliminate more jobs to help lower costs further, according to some of the German lender’s largest investors. | DB | {"Jan-henrik Foerster"} | 588 |
| Deutsche capital worries return as US mega-fine looms | -33 | 2016-09-16 11:04:12+00 | A fine of more than US$4bn could force Deutsche Bank to once again raise capital from shareholders, analysts said. Deutsche Bank said on Friday it has "no intent" to settle the issue at "anywhere near the number cited". Deutsche Bank shares slumped 7% to 12.18 on Friday. Based on recent settlements with other banks, Abouhossein estimated Deutsche Bank could be fined US$3bn-$3.5bn and Credit Suisse faced a fine of US$2bn. Every 1bn loss is also equivalent to around 25bp in CET1 capital, the analysts estimated. | DB | {"Reuters Editorial"} | 589 |
| Intertek and Deutsche Bank help European shares to advance | -7 | 2016-10-04 07:35:27+00 | Deutsche Bank rose around 2 percent to a two-week high. LONDON Oct 4 European shares advanced in early trading on Tuesday, with British testing company Intertek Group leading the market higher after a broker update while Deutsche Bank further recovered after recent steep losses. However, HSBC cut its target price for the bank, forecasting challenging conditions for the banking environment and adding that Deutsche Bank might lose revenues due to the short-term lack of confidence. HSBC said that despite Deutsche Bank's obvious operational shortcomings, fears over the bank's solvency were overdone. Shares in Intertek rose more than 4 percent, the top gainer in the STOXX 600 index, after Jefferies raised its stance on the stock to "buy" from "underperform" and lifted its target price to 4,300 pence from 3,000 pence. | DB | {"Reuters Editorial"} | 604 |
| Deutsche Bank shares slump with no bailout | -9 | 2016-09-26 00:00:00 | Deutsche Bank spokesman Jörg Eigendorf told the Financial Times that a bailout is "not on our agenda" and that "Deutsche Bank is determined to meet the challenges on its own. (FILES) Picture taken on June 9, 2015 shows the logo of Deutsche Bank, at the headquarter's building in Frankfurt. "Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited," the company said recently. "The Justice Department is seeking a settlement over the bank's handling of home mortgage-backed securities and "related securitization activities" from 2005 to 2007, according to Deutsche Bank. (AFP PHOTO / DANIEL ROLAND/AFP/Getty Images) (Photo: DANIEL ROLAND, AFP/Getty Images)Deutsche Bank's political entanglement deepened as a German news media outlet reported that the country's leader had ruled out a bailout. | DB | {"Nathan Bomey","Edt September","A M"} | 989 |
| Deutsche Bank: Does it need a bailout? | -20 | 2016-09-28 00:00:00 | Lamensdorf started to short sell Deutsche Bank a few years ago due to concerns about its balance sheet. Deutsche Bank has already shelled out billions of dollars for manipulating global interest rates and rigging foreign exchange markets. "Deutsche Bank (DB) CEO John Cryan said he had never asked Chancellor Angela Merkel for help, and that government aid is "not an option. Deutsche Bank has lost half its market value this year and profits have collapsed. Is Deutsche Bank about to trigger a rerun of the Lehman Bros crisis of 2008? | DB | {"La Monica","Paul R","Mark Thompson"} | 658 |
| Here's why a single report on Deutsche Bank can hit the markets | -7 | 2016-09-29 00:00:00 | Why Deutsche Bank hit the market so hardThe markets were fairly quiet midday, with traders focused on the public flaying of Wells Fargo CEO John Stumpf in Congress, when a report from Bloomberg on Deutsche Bank dropped the markets. Why Deutsche Bank hit the market so hard Thursday, 29 Sep 2016 | 6:01 PM ET | 01:33CNBC's Bob Pisani explains why problems at Wells Fargo can have a ripple effect across the US markets. What do (possible) issues at Deutsche Bank have to do with JPMorgan? What's Whirlpool got to do with Deutsche Bank? Even Whirlpool fell $2. | DB | {"Getty Images","Jason Alden","Bob Pisani","Krisztian Bocsi","Grogan Cnbc","Bloomberg Getty Images","Michael Nagle","Hanneke Luijting","Robert Nicelsberg","Simon Dawson"} | 679 |
| Deutsche Bank CEO Hasn’t Reached Accord With U.S., Bild Reports | -16 | 2016-10-08 00:00:00 | A Deutsche Bank spokeswoman declined to comment to Bild about the outcome of Cryan’s Friday discussion or about clawing back former executives’ compensation. Qatar’s royal family is also considering increasing its stake in Deutsche Bank to as much as 25 percent, according to people with knowledge of the matter. Analysts at Barclays Plc speculate that could cost the bank as much as 2 billion euros ($2.2 billion). Cryan, a Briton who speaks fluent German, has sought for the last three weeks to reassure investors that Deutsche Bank can weather the formidable obstacles to its financial health. Bild said the bank froze part of the millions in bonus payments to Jain and other former top managers. | DB | {"Laura J Keller"} | 661 |
| Crisis of Globalization Lies Behind Deutsche Bank’s Troubles | -7 | None | It’s tempting to see the current turmoil surrounding Deutsche Bank as the latest installment of Europe’s interminable banking crisis. The steep slide in the German banking giant’s share price in recent weeks has little in common with previous episodes of banking stress. It wasn’t triggered by fears of a wave of credit losses or a sudden evaporation of liquidity—Deutsche has access to more than €200 billion ($225 billion) of central-bank funding at zero cost. Tempting—but wrong. Nor was it primarily driven by concerns... | DB | {"Simon Nixon Wsj Com","Simon Nixon"} | 659 |
| Deutsche Bank Has Problems, but Not With Liquidity | -7 | 2016-10-01 00:00:00 | In return for central bank funding, Deutsche Bank would have to offer collateral it could swap for overnight, one-week, three-month or four-year funding from the European Central Bank. But the real reason they should not is the arsenal of central bank liquidity support available to it should that be needed. Of course, if Deutsche Bank were to be in the position of needing hundreds of billions of euros of emergency liquidity assistance, it would become a huge political issue. Since that crisis, regulators have revamped the way they oversee bank liquidity. Even if it runs out of eligible collateral, it could access unlimited emergency liquidity assistance from its national central bank – as long as the central bank’s governing council signed off and the bank was deemed solvent. | DB | {"George Hay","Dominic Elliott"} | 681 |
| Stocks Climb as Treasuries Fall on Deutsche Bank's Speculation | -12 | 2016-09-29 00:00:00 | Risk appetite returned to global markets on speculation Deutsche Bank AG will pay less than half of a penalty sought by the U.S., sparking a rally in stocks and sending Treasuries tumbling. Germany’s 10-year bonds almost erased their increase after Deutsche Bank’s rebound. The Stoxx Europe 600 Index rose 0.1 percent, after earlier sliding as much as 1.7 percent. Deutsche Bank wiped out losses to rise 6.4 percent. Relief swept over global markets as Agence France-Presse reported that Deutsche Bank is near a $5.4 billion deal with the U.S. Department of Justice to settle a probe related to bad mortgages. | DB | {"Rita Nazareth Dani Burger","Rita Nazareth","Dani Burger"} | 682 |
| TREASURIES-U.S. yields drop on Deutsche jitters, Fed rate outlook | -13 | 2016-09-27 20:46:36+00 | In late trading, U.S. 10-year Treasury notes were up 8/32 in price, yielding 1.559 percent, down from 1.589 percent late Monday. "There has been more pressure on German Bunds, which has spilled over to the U.S. curve on concerns about Deutsche Bank," said Bruno Braizinha, interest rates strategist at Societe Generale in New York. Overall, long-dated yields have fallen six straight sessions, while two-year notes have declined for four consecutive days. U.S. 10-year yields briefly edged higher after a U.S. consumer confidence index for September beat expectations, notching its highest since August 2007. Deutsche Bank, whose stock has shed over 10 percent in the last two days and more than 50 percent so far this year, is fighting a $14 billion demand from the U.S. Department of Justice to settle claims it had mis-sold mortgage-backed securities. | DB | {"Reuters Editorial"} | 685 |
| Options market is betting on further declines for Deutsche Bank shares | -10 | 2016-10-03 00:00:00 | "Options market volume around shares of Deutsche Bank jumped last week as traders focused on a slew of headlines around the struggling German lender. "The options market 'thinks' the chance of (Deutsche Bank) stock reaching those low dollar strikes is still high, even after the 14 percent jump in the stock. For January, open interest is at 42,000 for $10 put options and more than 57,000 for $5 put options, according to FactSet. To be sure, analysts note that the negative indications on the stock from the options market don't necessarily justify the fears of systemic risk that unsettled the broader stock market last week. "What the options market might tell you is a bet on the price. | DB | {"Krisztian Bocsi","-pravit Chintawongvanich","Evelyn Cheng","Head Derivatives Strategist Macro Risk Advisors","Bloomberg Getty Images"} | 686 |
| Deutsche Bank share price on Wednesday October 5 | -12 | 2016-10-05 00:00:00 | Shares in Germany's biggest bank, Deutsche Bank yoyo-ed on Wednesday with investors seemingly unable to make their minds up about whether or not they want to own the bank's stock. However, as the afternoon progressed, consensus on the day seemed to be that Deutsche was a buy. Deutsche's stock dropped at the open in Frankfurt, before sharply climbing from €11.68 to €11.95 per share at around 8:35 a.m. BST (3:35 a.m. Fears were exacerbated on Friday by reports that a handful of hedge funds had reduced business with the bank to limit exposure to any upset. After that point, the stock rallied again, climbing to close at €12.09 per share. | DB | {"Will Martin"} | 687 |
| Ex-Deutsche Bank CEOs Are Focus of Prosecutors' Appeals | -27 | 2016-10-18 00:00:00 | Prosecutors suffered a blow in April when the Munich Criminal court rejected the charges against the men and Deutsche Bank. The shares of Deutsche Bank have fallen 45 percent this year. Appeals of the acquittals of ex-board member Tessen von Heydebreck and former chairman Clemens Boersig won’t be continued, prosecutors’ spokeswoman Hildegard Baeumler-Hoesl said Tuesday by telephone. Armin Niedermeier, a Deutsche Bank spokesman, declined to comment. "The case against von Heydebreck and Boersig was limited to their role in a meeting in January 2002, so we decided to let that part go," Baeumler-Hoesl said. | DB | {"Karin Matussek"} | 688 |
| Stocks slide, pulled down by bank shares and oil prices | -10 | 2016-09-16 00:00:00 | The U.S.-listed shares of Deutsche Bank dropped 9% to $13.38 after the bank said it did not intend to pay the $14-billion settlement the U.S. government asked for. The Standard & Poor's 500 index fell 8.10 points, or 0.4%, to 2,139.16 and the Nasdaq composite fell 5.12 points, or 0.1%, to 5,244.57. The news out of Deutsche Bank dragged European stocks lower, with Germany's DAX closing down 1.5%, France's CAC-40 index down 0.9% and Britain’s FTSE 100 index down 0.3%. Gold fell $7.80 to $1,310.20 an ounce, silver fell 18 cents to $18.86 an ounce and copper was unchanged at $2.16 a pound. Stocks closed moderately lower Friday, pushed down in part by the price of oil. | DB | {"Los Angeles Times","Associated Press"} | 690 |
| Deutsche Bank Troubles Raise Fear of Global Shock | -50 | 2016-10-01 00:00:00 | And Germany has opposed bailouts for lenders in other lands, making a Deutsche rescue politically radioactive. Spotlight on a German Giant No lender in the world has more potential to create financial mayhem than Deutsche Bank. Not least, Deutsche Bank is a classic example of the species of financial animal known as Too Big To Fail. “Deutsche Bank is so big and so systemically important that the rules will be bent,” Mr. Borri said. From the chaos of the sovereign debt crisis to the acrimony over an influx of refugees, European authorities have proved something less than an exemplar of coordinated government action. | DB | {"Peter S"} | 700 |
| Deutsche Bank shares tank as concern grows over its stability | -34 | 2016-09-30 00:00:00 | “Deutsche Bank remains Deutsche Bank — it's a big bank in the world and in Germany,” said Berlin property developer Harry van Caem at a downtown branch. The latest unease over Deutsche Bank stemmed from reports that about 10 hedge funds had taken measures to reduce their exposure to the bank. Worries over the financial stability of Deutsche Bank returned to the fore Friday, sending shares in Germany's biggest bank to a record low and rekindling broader concerns about Europe's financial sector. As a result, Deutsche Bank should be able to avoid a funding squeeze and a potential run on deposits. That worry was relieved only temporarily by Deutsche Bank's move this week to sell an insurance subsidiary for just over 1 billion euros ($1.12 billion) to shore up its capital buffers. | DB | {"Los Angeles Times","Associated Press"} | 714 |
| Why Fear of Deutsche Bank Bailout Is Wide of the Mark | -16 | None | ENLARGE The fear swirling around Deutsche Bank was sparked by news that U.S. prosecutors had made an initial proposal that it pay $14 billion to settle mortgage-bond probes. But it is useful to look at just how much equity Deutsche would have to burn through in order for its situation to become truly dire. At the end of 2008, Deutsche’s total assets as measured by international accounting standards were 69 times as large as its total equity. This typically would happen if the bank’s capital ratio drops to 7%. That gives it a capital ratio of 10.8%. | DB | {"Paul Davies Wsj Com","Paul J"} | 715 |
| Europe's banks 'not investable' says top banker amid Deutsche Bank crisis | -27 | 2016-09-28 00:00:00 | Deutsche Bank: how did a beast of the banking world get into this mess? Christine Lagarde, managing director of the International Monetary Fund which has ranked Deutsche Bank as the world’s riskiest bank, said state help was not needed. This will generate an €800m loss for the German bank, but improve its financial strength by making it smaller. Bloomberg reported that Yiğit Bulut, a chief adviser to the Turkish president, Recep Tayyip Erdoğan, had suggested Germany’s largest lender should be made into a Turkish bank. On Wednesday the German government raced to deny a report that it was preparing a bailout plan under which it might take a 25% stake in Deutsche Bank, which is the country’s biggest bank. | DB | {"Philip Oltermann","Jill Treanor"} | 720 |
| Deutsche Bank: From bombs and bravado to risks of a bailout | -39 | None | The IMF has called Deutsche the world's most dangerous bank, and as one insider explains "if Deutsche Bank goes down, everyone else has a problem too". As the head of West Germany's largest lender, Deutsche Bank, Mr Herrhausen had been a target of the anti-capitalist, radical-left Red Army Faction. "It was the right decision to go into investment business," the Deutsche veteran, who left the bank in 2012, insists. "They were given a mandate to push the bank into the investment banking league tables, and they took reputational risks. Mr Herrhausen had talked of bringing an "Anglo-Saxon" financial culture to the bank, with the hope that they would inject some Wall Street bravado to the rather conservative, staid organisation. | DB | {"Bbc News","Joe Miller"} | 727 |
| Merkel Fate Tied to Deutsche Bank Fortunes, Left Party Head Says | -19 | 2016-09-28 00:00:00 | Merkel said Tuesday she wants all German companies, including Deutsche Bank, to do well, “also if they’re having temporary difficulties.” An ally in her coalition went further, saying that Deutsche Bank wouldn’t receive a classic bank rescue because of tightened European Union rules. Merkel’s government and Deutsche Bank are pushing back against market speculation that the bank may need state aid to secure its financial health. Dismantle ItAlthough a swath of her party advocates nationalizing banks, the Left leader said that policy shouldn’t apply to Deutsche Bank if it ends up in distress. Any taxpayer-funded solution for Deutsche Bank AG’s troubles would be Chancellor Angela Merkel’s downfall, according to the leader of Germany’s biggest opposition party. One option would be to engineer a merger between Deutsche Bank and Commerzbank AG, which is 15 percent owned by the federal government since a crisis-era bailout. | DB | {"Patrick Donahue Birgit Jennen","Patrick Donahue","Birgit Jennen"} | 745 |
| Germany denies preparing to rescue Deutsche Bank | -30 | 2016-09-28 17:10:52+00 | A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt, Germany, January 26, 2016. Deutsche Bank shares, which have lost around half their value this year, gained 2 percent on Wednesday. A Deutsche Bank spokesman referred to an interview Chief Executive John Cryan gave German daily Bild on Wednesday and denied the report. It added, however, that it still hoped Deutsche would not need state support and that only scenarios for a rescue were being discussed. REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT The German government denied that it was working on a rescue of Deutsche Bank (DBKGn.DE) after a newspaper report about such plans fueled fears over the future of the biggest lender in Europe's largest economy. | DB | {"Arno Schuetze"} | 746 |
| Deutsche Bank's Troubles Touch a Nationalist Nerve | -28 | 2016-10-04 00:00:00 | The International Monetary Fund warned three months ago that Deutsche Bank posed a potential systemic threat to the global financial system. "German industry needs a German bank that accompanies us out into the world," BASF Chairman Juergen Hambrecht said. And executives of some of Germany's biggest DAX-listed companies joined in this weekend to lend their support to Deutsche Bank. The European Central Bank is blamed for hobbling Deutsche Bank, hurting German savers and propping up profligate, debt-ridden governments on the euro zone periphery. The wider the disparities between euro zone countries, the more vulnerable the entire single currency project. | DB | {"Eli Lake","Mark Gilbert","Scott Duke Kominers","Editorial Board","Ramesh Ponnuru","Noah Feldman","Elaine Ou","Therese Raphael"} | 749 |
| The Morning Ledger: Deutsche Bank Should Avoid Lehman Fate | -49 | 2016-09-30 00:00:00 | A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, Jan. 26, 2016. While the same type of exodus helped propel Lehman into oblivion, Deutsche Bank has a different and more diversified client and asset base, and much better liquidity. The Morning Ledger from CFO Journal cues up the most important news in corporate finance every weekday morning. Get the free Morning Ledger emailed to you each weekday morning by clicking here, or at: http://on.wsj.com/TheMorningLedgerSignup Sign up for the free Morning Ledger, emailed to you each weekday morning. | DB | {"Nina Trentmann Wsj Com","Nina Trentmann"} | 760 |
| Deutsche Bank Implements Hiring Freeze | -20 | 2016-10-13 00:00:00 | Analysts at JPMorgan Chase & Co. have estimated that Deutsche Bank could save as much as 1.9 billion euros ($2.1 billion) this year largely through a hiring freeze. The hiring freeze affects all divisions excluding some control functions such as compliance, according to the people. The CEO has already said Deutsche Bank may fail to be profitable this year after posting the first annual loss since 2008 last year. At Barclays Plc, CEO Jes Staley last year imposed a hiring freeze, helping reduce headcount by a net 13,600 over the past nine months. Deutsche Bank is scheduled to release third-quarter earnings on Oct. 27. | DB | {"Jan-henrik Foerster","Aaron Kirchfeld Jan-henrik Foerster","Aaron Kirchfeld"} | 761 |
| FTSE 100 falls on Deutsche worries while Capita drops another 4% | -24 | 2016-09-30 00:00:00 | Analysts at Stifel said:It is clear from [the] profit warning that some of Capita’s woes are deep-rooted and structural in nature. We sat through the excruciating, hour-long analyst call post the profit warning yesterday; a call that addressed precisely none of these four issues. Leading shares have dropped sharply, with banking shares among the main losers after continuing concerns about Deutsche Bank. Overall the FTSE 100 is down 85.10 points at 6834.32 despite better than expected UK GDP figures. We believe that effective service delivery needs focus, but it can be scaled, as Capita has shown in the past. | DB | {"Nick Fletcher"} | 769 |
| What analysts are watching for in Deutsche Bank earnings | -9 | 2016-10-26 00:00:00 | Goldman is "neutral" on Deutsche Bank and the analysts expect the final settlement to be around $3.5 billion. Deutsche Bank has also said it expects the final figure to be far lower than $14 billion. A presentation from the bank's second-quarter earnings report said Deutsche had 5.5 billion euros (about $6.00 billion) in litigation reserves as of June 30. While Ellis does not expect the bank will give significant clarity on its legal issues, other analysts expect more concrete clues especially as an official announcement has already been more than a month in coming. On Sept. 30, Deutsche Bank CEO John Cryan sent a letter to all employees that said the bank has "strong fundamentals" and indicated he expects the final settlement to be lower given the relative fines of other major banks. | DB | {"Daniel Roland","Afp Getty Images","Evelyn Cheng"} | 776 |
| Deutsche Bank and the Nonstop Bleeding of Europe’s Lenders | -24 | 2016-10-07 00:00:00 | Germany’s Deutsche Bank has investors rattled, policymakers muddled, and anyone else who’s paying attention feeling a little queasy. The health of Deutsche Bank has implications far beyond Europe. In June the International Monetary Fund flagged Deutsche Bank as the biggest contributor to systemic risk among global banks. Meanwhile, authorities in the U.S. and the U.K. are investigating whether Deutsche Bank helped clients move money out of Russia in violation of money laundering rules. But Deutsche Bank is still dealing with an overhang of legal issues. | DB | {"Edward Robinson"} | 783 |
| Deutsche Bank agrees to pay $7.2 billion to settle mortgage-abuse case | -55 | 2016-12-22 00:00:00 | Concern among Democrats and ethics experts continued Friday even after the German financial giant said in a statement that it plans to pay $7.2 billion to settle a landmark mortgage-abuse case brought by the Justice Department. Deutsche will pay a $3.1 billion penalty and agree to an additional $4.1 billion in loan modifications and other homeowner relief over a five-year period. The Justice Department declined to comment Friday on the proposed settlement and additional inquiries regarding the bank’s conduct. Deutsche will pay U.S. a $3.1 billion penalty and agree to an additional $4.1 billion in loan modifications and other homeowner relief over a five-year period. In September, Alan Garten, an executive vice president of the Trump Organization, told The Washington Post that Trump’s Deutsche loans were not a conflict. | DB | {"Drew Harwell Is A National Business Reporter At The Washington Post","Tom Hamburger Covers The Intersection Of Money Politics For The Washington Post"} | 1063 |
| Deutsche Bank crisis, explained | -8 | 2016-09-28 00:00:00 | Shares of Deutsche Bank hit record lows this week on mounting concerns about the survival of the struggling German lender. CNBC's Wilfred Frost takes a look at what's driving volatility in shares of Deutsche Bank. A major concern for global markets about Deutsche Bank is its deep connections to global financial institutions, which has some investors fearing a larger bank crisis, though analysts continue to indicate that the situation is nowhere near so dire. Here are the key points of the accelerating crisis from over the last 18 months:June 2015 — John Cryan, formerly chief financial officer of UBS, is appointed co-CEO. In the past two weeks, it has been hit with billions in fines from the U.S. Justice Department and reports that the German government won't be helping the ailing bank. | DB | {"Evelyn Cheng"} | 786 |
| Deutsche Bank May Need to Shrink U.S. Activities, Welt Says | -9 | 2016-10-15 00:00:00 | Deutsche Bank had 10,842 employees in North America at the end of 2015, about 10 percent of the 101,104 it employs worldwide. Deutsche Bank “must clarify one or two things” before an agreement can be struck, the person said, according to the report. Deutsche Bank spokesman Armin Niedermeier declined to comment on the report when contacted by Bloomberg on Saturday. Renee Calabro, a spokeswoman for Deutsche Bank in New York, declined to comment on the Sueddeutsche Zeitung report. Deutsche Bank AG may be forced to shrink its U.S. activities as part of a deal to settle litigation over residential mortgage-backed securities with the Department of Justice, German newspaper Welt am Sonntag reported, citing an unidentified person familiar with the discussions. | DB | {"Angela Cullen","Christian Baumgaertel","Angela Cullen Christian Baumgaertel"} | 788 |
| Deutsche Bank: In Need of Friends | -11 | None | Funds controlled by the Qataris lifted their stake to almost 10% in Deutsche Bank in July and nominated one of its board members. Deutsche Bank can’t easily deliver solutions to those problems, but it must keep the Qataris on its side. Deutsche Bank could cut staff far more quickly, but that would very likely slash its revenues. At the same time, Deutsche Bank needs to cut costs and assets to boost profitability in a superlow interest rate world with costlier regulatory requirements. The U.S. Department of Justice last month hit Deutsche Bank with an initial demand of $14 billion in fines and compensation for mortgage bond mis-selling. | DB | {"Paul Davies Wsj Com","Paul J"} | 789 |
| Deutsche Bank to Pay $2.5 Billion to Settle Libor Investigation | -10 | None | As part of Thursday’s settlement, a Deutsche Bank unit in London pleaded guilty to U.S. Justice Department criminal charges. Deutsche Bank AG paid a record $2.5 billion penalty to settle U.S. and British allegations that it manipulated interest rates, wrapping up a years-long investigation that was delayed by the German bank’s lack of cooperation with government authorities. The Frankfurt-based bank acknowledged that for years it prioritized profits over proper rules and that, even after government investigations were... | DB | {"Eyk Henning Wsj Com","David Enrich Wsj Com","Eyk Henning","David Enrich"} | 812 |
| What's Wrong With Deutsche Bank? Now, Just About Everything | -13 | 2016-10-06 16:46:40+00 | “Deutsche Bank is a large and interconnected bank and is therefore systemically important, domestically and globally,” Dattels added. She also said she hoped Deutsche would settle with the Justice Department rather than fighting the $14 billion fine. And in June, BaFin discovered flaws in the Deutsche’s anti-money laundering system, fining the bank 40 million euros ($44 million), according to Reuters. Just as Deutsche Bank’s stock seemed to rebound after months of decline amid intense regulatory scrutiny, the 146-year old financial institution announced it plans to lay off 1,000 employees in Germany. On Wednesday, the International Monetary Fund (IMF) attempted to calm worries that the Deutsche would require a bailout, or even cause a broader financial crisis. | DB | {} | 819 |
| Prosecutor appeals acquittal of ex-Deutsche Bank bosses in Kirch trial | -18 | 2016-10-18 09:58:11+00 | Deutsche Bank settled a civil suit in February 2014 in a deal costing about 925 million euros. Munich prosecutors had accused the former Deutsche Bank managers of misleading an appeals court to avoid paying damages sought by media mogul Kirch. Aside from the Kirch lawsuit, Deutsche Bank has been dealing with a string of other legal issues, which have cost Germany's flagship bank billions of euros in fines. Leo Kirch, who died in 2011, had blamed former Deutsche Bank chairman Rolf Breuer for triggering his group's downfall by questioning its creditworthiness in a 2002 television interview. FRANKFURT Oct 18 German public prosecutors have launched an appeal over the acquittal of former top executives at Deutsche Bank who were charged with misleading a court in connection with the 2002 collapse of the Kirch media empire. | DB | {"Reuters Editorial"} | 821 |
| Deutsche Bank says derivatives exposure fears overblown: paper | -10 | 2016-10-09 12:57:32+00 | "The risks in our derivatives book are massively overestimated," Lewis told the paper. "We are trying to make our business less complex and are paring back our derivatives book. FRANKFURT Deutsche Bank (DBKGn.DE) is continuing to cut back the size of its derivatives book, which is not as risky as investors may believe, Chief Risk Officer Stuart Lewis told German weekly paper Welt am Sonntag. He said 46 trillion euros in derivatives exposure at Deutsche appeared large but reflected only the notional value of the contracts, while the bank's net exposure to derivatives was far lower, at around 41 billion euros. "New banking regulations imposed in the wake of the 2009 financial crisis discourage large bets on risky assets, and have forced Deutsche Bank to drastically cut back the scale of its derivatives exposure. | DB | {"Reuters Editorial"} | 830 |
| CFTC Drops Deutsche Bank Currency Manipulation Investigation | -25 | 2016-10-27 00:00:00 | Deutsche Bank continues to face civil litigation in the U.S. over its foreign currency trading. Deutsche Bank is the world’s fourth-largest currency dealer by market share, according to a 2016 survey from Euromoney Institutional Investor Plc. The U.S. regulator of derivatives and futures has dropped its years-long investigation into alleged foreign-exchange manipulation at Deutsche Bank AG, removing one regulatory headache for the embattled German lender. The bank dismissed several foreign exchange traders after starting an internal investigation into alleged manipulation in 2013. Deutsche Bank, in its statement, said it is cooperating with other regulators around the world over allegations its traders were involved in manipulating currency rates. | DB | {"Gavin Finch"} | 843 |
| UPDATE 1-Banks must face U.S. silver rigging lawsuit; UBS is dismissed | -33 | 2016-10-05 18:21:45+00 | In the silver case, investors accused Deutsche Bank, ScotiaBank and HSBC of rigging prices through a secret daily meeting called the Silver Fix. Caproni also dismissed UBS Group AG as a defendant, saying there was nothing to show it manipulated prices. The case is In re: London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No. ScotiaBank spokesman Rick Roth and Deutsche Bank spokeswoman Amanda Williams declined to comment. Caproni also ruled in a separate decision that another group of investors may pursue gold-rigging claims against ScotiaBank, HSBC, Barclays Plc and Societe Generale. | DB | {"Reuters Editorial"} | 862 |
| Deutsche Bank to pay $38 million in US silver price-fixing case | -11 | 2016-10-18 00:00:00 | Deutsche Bank AG has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday. Vincent Briganti, a lawyer for the investors, said the deal provides "substantial monetary compensation plus cooperation from Deutsche Bank in the continued prosecution of this important case against the non-settling defendants. In court papers, lawyers for the investors say the deal will likely be an "ice breaker" that will serve as a catalyst for other banks to settle. The settlement had been expected since April, though terms had yet to be disclosed. The settlement, disclosed in papers filed in Manhattan federal court, came in one of many recent lawsuits in which investors have accused banks of conspiring to rig rates and prices in financial and commodities markets. | DB | {"Kai Pfaffenbach"} | 899 |
| Regulator Said to Have Pressed for Exit of Deutsche Chiefs | -37 | 2015-06-09 00:00:00 | A major force on Wall Street, Deutsche Bank has recently run into trouble with United States financial regulators. The German regulator had commissioned a review of Deutsche Bank’s potential interest rate misconduct. The big question hanging over Deutsche Bank now is whether its new leadership can bolster profitability while adapting to postcrisis rules. Deutsche Bank’s financial performance is lagging that of many of its peers. A spokesman for Deutsche Bank strongly denied that a push from regulators was behind the resignations of Mr. Jain and Mr. Fitschen. | DB | {"Peter Eavis","Jack Ewing"} | 913 |
| Deutsche Bank managers to examine deeper cuts to business | -8 | 2016-09-02 18:32:34+00 | "Last year Deutsche Bank announced plans to slash 15,000 jobs and shed businesses employing some 20,000 staff. Helmut Hipper, a fund manager at Deutsche Bank shareholder Union Investment, questioned the logic of a tie-up with Commerzbank, given Deutsche's plans to spin off a retail bank it owns, Postbank. Analysts have argued that Deutsche would be advised to find a partner once it has stabilized its business. Deutsche Bank declined to comment on the meeting this weekend, which will pave the way for a gathering of the bank's executive and supervisory boards in mid-September in Milan. FRANKFURT Deutsche Bank's top executives will this weekend consider speeding up cuts at Germany's biggest lender, which is grappling with sliding revenue and negative interest rates, sources told Reuters on Thursday. | DB | {"Arno Schuetze","Kathrin Jones"} | 927 |
| U.S. says Deutsche Bank to appoint swaps monitor after April outage | -14 | 2016-08-18 20:04:16+00 | A logo of a branch of Germany's Deutsche Bank is seen in Cologne, Germany, July 18, 2016. In a separate statement, Deutsche Bank said it understood the CFTC's concerns, and is "committed to meeting all regulatory requirements. REUTERS/Wolfgang RattayNEW YORK Deutsche Bank AG (DBKGn.DE) on Thursday agreed to retain a monitor to ensure it reports swaps data properly, to resolve U.S. regulatory charges over its handling of an April 16 system outage that has yet to be fully addressed. The regulator said Deutsche Bank cooperated in the matter. "Deutsche Bank's repeated violations warrant the intervention of a court-appointed monitor," CFTC Enforcement director Aitan Goelman said in a statement. | DB | {"Reuters Editorial"} | 928 |
| ‘Deutsche Bank moment’ still a risk | -29 | 2016-10-04 00:00:00 | It may well be that the German bank doesn’t threaten another Lehman moment, but there is still risk of a “Deutsche Bank moment” that could be at least as bad. Subsequent reports last week indicated that the actual fine for Deutsche Bank might be closer to $5 billion, which is about the amount the bank has set aside for litigation. A sign reading "cash point" stands near the headquarters of Deutsche Bank in Frankfurt, Germany. Petrou argues that the real risk the German bank faces involves not liquidity or capital but prestige. But the U.S. fine — which was later clarified to be an opening bid in negotiations that would probably end in a much lower settlement — is hardly the reason Deutsche Bank is in trouble. | DB | {"Darrell Delamaide","Special For Usa Today","Edt October","P M"} | 387 |
| Deutsche Bank has airbags – but only one matters | -15 | 2016-09-27 00:00:00 | Several factors argue against Deutsche Bank getting into serious distress. The spread on the Markit iTraxx Europe Senior Financials Index, which includes credit default swaps on senior bank bonds, is 99 basis points – well below a February peak of 136 basis points. Chancellor Angela Merkel would have to be either brave or foolish to let Germany’s biggest bank by assets fail. Partial comfort, at least, for those that fret about its some 400 billion euros of murkier assets, which include derivatives exposures and margin reserves. If that happened, Deutsche would be subject to European rules that call for certain investors to be forcibly converted into equity. | DB | {"Any Opinions Expressed Here Are The Author's Own","Dominic Is A London-based Columnist Covering Investment Banking Prior To Breakingviews He Spent Two Years At Moneydealer Icap Where He Brokered Equity Derivatives Trades Between Investment Banks High-frequency Trading Firms Hedge Funds He Has More Than Five Years Of Financial Journalism Experience Including Stints As News Editor Investment Banking Editor At Financial News He Has Also Written For The Wall Street Journal Europe Dominic Holds An Ma In Classics Oxford University An Msc In Development Management The London School Of Economics Follow Dominic On Twitter Dominicelliott","Dominic Elliott"} | 389 |
| From Deutsche Bank to Wells Fargo, a Bad Run for Giant Lenders | -28 | 2016-09-29 00:00:00 | “Our trading clients are amongst the world’s most sophisticated investors,” Michael Golden, a spokesman for Deutsche Bank, said in an e-mailed statement. In Washington, came still more blistering attacks on John Stumpf, whose grip atop embattled Wells Fargo & Co., the largest U.S. mortgage lender, remains tenuous amid the uproar over a scandal involving unauthorized accounts. And then, back in Germany, came the bombshell: revelations that some hedge funds were moving to reduce their financial exposure to Deutsche Bank, now the biggest worry in global finance. Lawmakers called for Stumpf to be fired, for Wells Fargo’s board to be replaced and for the bank to be broken up. Wells Fargo Troubles Mount With Penalty for Soldiers’ LoansWells Fargo agreed to pay more than $24 million to the Justice Department and the Office of the Comptroller of the Currency to settle allegations that it improperly repossessed cars owned by members of the military. | DB | {"Caleb Melby Angela Cullen","Angela Cullen","Caleb Mel","Caleb Melby"} | 391 |
| U.S. Can Soften Deutsche Bank Settlement Blow, If Past Is Guide | -49 | 2016-10-07 00:00:00 | Civil LawApart from those criminal inquiries, there’s a provision in civil law that could be helpful to Deutsche Bank. A 2013 court ruling shows how the law might protect Deutsche Bank. That’s because in setting penalties in past civil cases, the Justice Department has considered a company’s ability to pay. Deutsche Bank’s CEO has said he wants the matter resolved this year. )The Justice Department called out Deutsche Bank last year, in fact, for deleting evidence in a separate probe over allegations that the bank’s traders manipulated key interest rates. | DB | {"Greg Farrell","Tom Schoenberg","Tom Schoenberg Greg Farrell"} | 453 |
| Deutsche Bank conducts internal probe into trading on gold fix | -23 | 2014-06-19 15:47:32+00 | Deutsche Bank would not be the first investment bank to carry out an investigation into gold trading. * Deutsche Bank resigned gold and silver "fix" seats in May* Bafin starts investigating Deutsche Bank in mid-2013By Clara DeninaLONDON, June 19 Deutsche Bank is conducting its own investigation into trading around the setting of London's daily gold price benchmark, in addition to one being carried out by Germany's financial watchdog, sources close to the matter said. "They (Deutsche Bank) will be thoroughly investigating the trading activity that has taken place, particularly on binary trades. Deutsche Bank said it is working with regulators on the their review of the gold and silver benchmarks. Taking early action as a result of an internal probe may also mitigate the impact of any sanction the regulator imposes. | DB | {"Reuters Editorial"} | 518 |
| Deutsche Bank to pay $9.5 million penalty over research info: SEC | -14 | 2016-10-12 17:32:25+00 | REUTERS/Kai PfaffenbachWASHINGTON Deutsche Bank will pay a $9.5 million penalty to settle civil charges that it failed to properly safeguard material non-public information generated by its research analysts and of publishing an improper research report, U.S. regulators said Wednesday. The headquarters of Germany's Deutsche Bank is seen in Frankfurt, Germany, September 29, 2016. The 10 banks settled various SEC charges that included issuing fraudulent research reports, receiving payments for research, and issuing reports that were not based on "fair dealing and good faith. In a statement, Deutsche spokeswoman Amanda Williams said the bank "takes its research analyst communications and conduct very seriously. The SEC also charged the bank on Wednesday for failing to provide certain electronic records to the regulator during the course of the probe. | DB | {"Sarah N"} | 558 |
| U.S. Faults Foot-Dragging Banks Amid Deutsche Bank Talks | -27 | 2016-09-27 00:00:00 | Investors are monitoring the Justice Department for signals on how it’s handling negotiations with Deutsche Bank to settle an inquiry into the lender’s residential mortgage-backed securities operation. The Justice Department had been pilloried for years for not having brought significant cases against banks and their executives. The U.S. opened settlement talks with a request for a $14 billion penalty, the bank has said. Without help from the banks in several instances, he said, the government was forced to build cases from the ground up. Deutsche Bank, which didn’t have a comment on Baer’s remarks, reiterated that its settlement negotiations had just begun and that it “expects an outcome similar to those of peer banks which have settled at materially lower amounts.”QuickTake Q&A: Why Deutsche Bank’s Shares Are at a Record LowBaer didn’t discuss pending investigations. | DB | {"David Mclaughlin"} | 547 |
| Deutsche Bank Fined $7.8 Million on Transaction Reporting | -15 | 2014-08-28 00:00:00 | Deutsche Bank AG, Europe’s biggest investment bank, was fined 4.7 million pounds ($7.8 million) by the British markets regulator for failing to properly report millions of transactions. Deutsche Bank “immediately undertook a complete review of our transaction reporting systems to rectify the problem and strengthen our control framework” after the issue was identified in March 2013, Kathryn Hanes, a London-based Deutsche Bank spokeswoman, said in an e-mail today. Deutsche Bank’s fine is the second-highest following the 5.6 million-pound penalty against Edinburgh-based RBS in July 2013, the FCA’s website shows. Deutsche Bank “is a major market participant responsible for reporting millions of transactions every year,” FCA Enforcement Director Tracey McDermott said in the statement. Deutsche Bank’s litigation reserves stood at 2.2 billion euros at the end of June, according to company filings. | DB | {"Nicholas Comfort","Gavin Finch"} | 565 |
| Deutsche Bank to pay $38 million in U.S. silver price-fixing case | -27 | 2016-10-18 09:33:41+00 | A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File PhotoNEW YORK Deutsche Bank AG (DBKGn.DE) has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday. Vincent Briganti, a lawyer for the investors, said the deal provides "substantial monetary compensation plus cooperation from Deutsche Bank in the continued prosecution of this important case against the non-settling defendants. In the litigation, investors claimed Deutsche Bank, HSBC Holdings Plc (HSBA.L) and Bank of Nova Scotia (BNS.TO) (ScotiaBank) rigged silver prices through a secret daily meeting called the Silver Fix, and accused UBS AG (UBSG.S) of exploiting that fix. The case is In re: London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No. | DB | {"Nate Raymond"} | 584 |
| UPDATE 1-Banks must face U.S. silver rigging lawsuit; UBS is dismissed | -33 | 2016-10-05 00:00:00 | In the silver case, investors accused Deutsche Bank, ScotiaBank and HSBC of rigging prices through a secret daily meeting called the Silver Fix. Caproni also dismissed UBS Group AG as a defendant, saying there was nothing to show it manipulated prices. The case is In re: London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No. Caproni also ruled in a separate decision that another group of investors may pursue gold-rigging claims against ScotiaBank, HSBC, Barclays Plc and Societe Generale. ScotiaBank spokesman Rick Roth and Deutsche Bank spokeswoman Amanda Williams declined to comment. | DB | {} | 591 |
| Deutsche Bank to settle U.S. silver price-fixing litigation | -23 | 2016-04-13 23:09:06+00 | Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the world's largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix. The headquarters of Germany's Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. The case is In re: London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No. Investors accused the Swiss bank of conspiring to exploit the Silver Fix, though it did not help set the benchmark. A Deutsche Bank spokeswoman declined to comment. | DB | {"Reuters Editorial"} | 593 |
| Deutsche Bank Drops as Investment Bank Revenue Concerns Mount | -16 | 2016-01-21 00:00:00 | ‘Challenging Market’“Challenging market conditions” hurt earnings at the investment bank unit, cutting group revenue to about 6.6 billion euros, Deutsche Bank said. The investment bank accounted for 38 percent of Deutsche Bank’s 7.8 billion euros of net revenue in the fourth quarter, company filings show. And Deutsche Bank has itself said it’s cooperating with a U.S. probe of mortgage-backed securities. Deutsche Bank co-Chief Executive Officer John Cryan has pledged to lift profitability and capital levels by shrinking parts of the firm’s debt-trading business and selling Deutsche Postbank AG, a German consumer lender. Deutsche Bank’s 28 percent slide this year means it’s the worst-valued global bank. | DB | {"Nicholas Comfort"} | 595 |
| Japanese Shares Drop as Lenders Slump on Deutsche Bank Concerns | -20 | 2016-09-30 00:00:00 | Japanese shares slid, with the benchmark equity index erasing its gain for September, as escalating concerns over German lender Deutsche Bank AG’s capital troubles rippled across global markets. The rout follows a request from U.S. authorities that Deutsche Bank pay $14 billion to settle claims the firm sold fraudulent mortgage-backed securities. “The bad environment will enclose the whole market, and investors will feel they can’t buy Japanese shares either.”Futures on the S&P 500 Index slid 0.4 percent. Financials SlumpMitsubishi UFJ Financial Group Inc., Japan’s largest lender, fell 2.1 percent, while Sumitomo Mitsui Financial Group Inc. lost 1.5 percent. The underlying equity measure retreated 0.9 percent on Thursday as financial shares declined. | DB | {"Nao Sano","Min Jeong Lee","Min Jeong Lee Nao Sano"} | 680 |
| Deutsche Bank 'fundamental business problem' beyond immediate crisis | -21 | 2016-09-30 00:00:00 | Add all of this up, and Deutsche Bank now has its lowest share price ever and a US market cap smaller than Twitter. Deutsche Bank has had a wild two weeks. According to the Kian Abouhossein, a European bank analyst at JPMorgan, the problems at Deutsche Bank go much deeper than its current conundrum and don't appear to be going away anytime soon. But without serious underlying changes to the bank, the same problems Deutsche currently faces will continue to bubble up. "Put another way, Deutsche has no real plans to decrease costs to offset lower profits even though there are clear ways to do so, which Abouhossein referred to as a "fundamental business problem" for the bank. | DB | {"Bob Bryan"} | 683 |
| Deutsche Bank as Next Lehman Brothers: Far-Fetched but Not Unthinkable | -33 | 2016-10-07 00:00:00 | Deutsche Bank is far larger and more systemically important than Lehman Brothers was. Citibank and Deutsche Bank had similar market shares in the mortgage-backed securities market, while Morgan Stanley’s was nearly twice as large. Deutsche Bank shares were trading in New York at over $30 a year ago. Renee Calabro, a spokeswoman for Deutsche Bank, declined to comment further. Deutsche Bank issued a statement confirming the $14 billion figure but stated it had no intention of paying such a large sum. | DB | {"James B","Common Sense"} | 684 |
| Deutsche Bank Denies Asking Germany to Help in U.S. Dispute | -29 | 2016-09-27 00:00:00 | Deutsche Bank is Germany’s largest financial institution, a crucial lender to the nation’s export machine. Deutsche Bank shares are now trading at just 23 percent of the bank’s value — a valuation that calls into serious question the quality of the assets that Deutsche Bank is holding on its balance sheet. In trading in Frankfurt on Monday, shares of Deutsche Bank closed down 7.5 percent, hitting lows not seen in recent history. For most of this year, Deutsche Bank’s stock has been a favorite target of hedge funds, many of which have been goaded by rumors and private reports. The added safety cushion would be in the form of a so-called stress capital buffer that would protect large banks during times of maximum stress. | DB | {"Landon Thomas Jr","Chad Bray","Landon Thomas Jr Chad Bray"} | 716 |
| German government denies Deutsche Bank bailout plans | -14 | 2016-09-28 00:00:00 | Deutsche Bank faces billions in legal costs and settlements with US authorities over an investigation into sales of mortgage-backed securities, which would leave the bank seriously undercapitalised. The German government has denied claims that it is in the process of preparing a bailout package for the country's biggest lender, Deutsche Bank. They are preparing for an eventuality that would shake the country and that only a few weeks ago was seen as completely unthinkable: the destabilisation of Deutsche Bank," said the paper (roughly translated from the original German). The bank says it has "no current plans to raise capital" and emphasised that it has ample reserves to cover debt payments. However, the German finance ministry has now flatly denied that any such talks are happening, calling Zeit's report "false. | DB | {"Will Martin"} | 722 |
| Berlin pursues Deutsche Bank talks discreetly with US officials | -28 | 2016-10-05 00:00:00 | Berlin is hoping a near-term settlement well below the mooted $14 billion will ease pressure on Deutsche Bank. "Deutsche Bank caused these problems itself," said Eckhard Rehberg, a budget expert in the CDU parliamentary party. The German government is pursuing discreet talks with U.S. authorities to help Deutsche Bank secure a swift settlement over the sale of toxic mortgage bonds, according to sources in Berlin. But government officials in Berlin, speaking on condition of anonymity, told Reuters they hoped to facilitate a quick deal that would buy Deutsche Bank time to regain its footing. "Rescuing Deutsche Bank would not be popular," the senior government official said. | DB | {"Getty Images","Photographer Collection"} | 747 |
| German and US authorities in talks about Deutsche Bank | -28 | 2016-10-05 00:00:00 | BERLIN (Reuters) - The German government is pursuing discreet talks with U.S. authorities to help Deutsche Bank secure a swift settlement over the sale of toxic mortgage bonds, according to sources in Berlin. "Deutsche Bank caused these problems itself," said Eckhard Rehberg, a budget expert in the CDU parliamentary party. Berlin is hoping a near-term settlement well below the mooted $14 billion will ease pressure on Deutsche Bank. "The German government would face stiff opposition if it decided to help Deutsche Bank," said Joerg Rocholl, president of the ESMT business school in Berlin and member of an economic advisory board to the German finance ministry. "Rescuing Deutsche Bank would not be popular," the senior government official said. | DB | {"Paul Carrel"} | 748 |
| Deutsche Bank Restores Confidence | -24 | 2016-10-14 21:19:20+00 | The leak of the proposed $14 billion settlement both alarmed Deutsche Bank investors and painted the DoJ into a corner. Shares in Deutsche Bank (DB) rebounded by more than 20% this week as the troubled bank took a series of steps to reassure investors about its financial health. Bloomberg reported Deutsche Bank is in talks about selling additional shares and disposing of assets at the same time the DoJ fine is announced. Supreme Court Hears First Insider Trading Case in 20 YearsThe Supreme Court this week heard its first insider trading case in 20 years - Salman v. the United States. Fundamentally Deutsche Bank stands on fairly solid footing, but with high leverage and a balance sheet full of opaque Level 3 assets, the perception of panic could become the greatest enemy. | DB | {"Anthony Scaramucci Is Founder Co-managing Partner At Skybridge Capital Host Of Tmi Wall Street Week","Anthony Scaramucci","Www Twitter Com Scaramucci","Follow Anthony Scaramucci On Twitter"} | 750 |
| Deutsche Bank, E.ON Fuel Spike in German Goodwill Impairments | -15 | 2016-10-07 00:00:00 | But the troubled bank already contributed to a sharp spike in overall German goodwill impairments last year, according to a study. With Deutsche Bank and E.ON excluded, the goodwill impairments for publicly traded companies rose to €2 billion. In addition to operating losses, the Deutsche Bank impairments stemmed from legal provisions in its investment banking division and from and restructuring costs in its retail banking unit. Still, goodwill impairments at Germany’s 694 listed firms rose “from a historic low to a historic high”, Mr. Paulus said. Photo: Agence France-Presse/Getty ImagesWorries about Deutsche Bank AG’s financial health have rattled stock and credit markets in recent weeks. | DB | {"Nina Trentmann Wsj Com","Nina Trentmann"} | 784 |
| Deutsche Bank's share price approaches 30-year low | -25 | 2016-09-29 00:00:00 | Deutsche Bank shares fall to lowest level since mid-1980s Read moreThe bank’s supervisory board was reviewing the plans in a meeting on Wednesday and again on Thursday. The move is a more drastic reduction than at Deutsche Bank, which is axing about 10% of staff. Deutsche Bank: how did a beast of the banking world get into this mess? Europe's banks 'not investable' says top banker amid Deutsche Bank crisis Read moreThe fall in Deutsche Bank shares unsettled other bank stocks, sending Goldman Sachs down 2.8% and JP Morgan 1.6% and dragged the Dow Jones industrial average down 200 points, or 1.1%, to close at 18,143 points. Deutsche Bank shares collapsed by nearly 7% taking it close to a 30-year low on Thursday evening following reports that hedge funds were pulling assets from it amid suggestions the German government may be forced to bail it out. | DB | {"Rupert Neate"} | 785 |
| Deutsche Bank Still a Buy, Says Rare Analyst With Bullish Rating | -18 | 2016-09-29 00:00:00 | Deutsche Bank shares climbed for a second day, rising 0.6 percent to 10.83 euros at 4:15 p.m. in Frankfurt. “Is Deutsche Bank really going bust?” Gaulard wrote. “Some market participants have labeled Deutsche Bank ‘bust’ and speculation is rife,” Gaulard wrote. “Our buy case on Deutsche Bank has been driven by the bank’s powerful restructuring potential and its phenomenal operating leverage, provided that market conditions become more favorable,” Gaulard wrote. Deutsche Bank AG is a “great restructuring story,” and short sellers have helped drive the lender’s shares to a record low this week, according to an analyst at Kepler Cheuvreux. | DB | {"Donal Griffin"} | 787 |
| Deutsche Bank fined record $2.5 billion over rate rigging | -51 | 2015-04-23 20:43:18+00 | In an email to the head of Deutsche Bank's Global Finance Unit, one wrote: "HAVE U SEEN THE 3MK FIXING TODAY? "Deutsche Bank's settlement dwarfs the previous $1.5 billion record demanded in 2012 from Switzerland's UBS UBSG.VX. "Our Libor investigation is far from over," Caldwell said in a conference call after the Deutsche agreement was announced. "ON MY KNEES..."Deutsche Bank's traders conspired with competing traders, too, "amplifying the effect of their manipulation," said U.S. Assistant Attorney General Bill Baer. LONDON/NEW YORK Deutsche Bank (DBKGn.DE) on Thursday agreed with U.S. and British authorities to pay a record $2.5 billion (1.66 billion pounds) to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world. | DB | {"Kirstin Ridley","Karen Freifeld"} | 811 |
| Deutsche Bank Echoes of 2008 | -41 | 2016-10-04 20:18:20+00 | The fundamental differences between Deutsche Bank in 2016 and Lehman Brothers in 2008, however, are immense. Problems at Deutsche Bank (DB) came to a head this week. Deutsche Bank has access to as much liquidity as it needs via the European Central Bank (ECB), and has a stronger buffer than U.S. banks did in 2008 because of post-crisis regulation. " In particular, it was seen as a forum for complaints about the damage negative interest rates have done to German banks (see: Deutsche Bank). While Deutsche Bank may have the tools to cope with short-term liquidity demands, the bigger question is whether the firm can find more stable long-term footing in the current economic environment. | DB | {"Anthony Scaramucci Is Founder Co-managing Partner At Skybridge Capital Host Of Tmi Wall Street Week","Anthony Scaramucci","Www Twitter Com Scaramucci","Follow Anthony Scaramucci On Twitter"} | 820 |
| Deutsche Bank agrees $7.2bn penalty with US regulators | -28 | None | Tobias Kaiser writes in Die Welt that the deal "will generate a sigh of relief at Deutsche Bank headquarters... Image copyright Getty ImagesGermany's Deutsche Bank says it has agreed a $7.2bn (£5.9bn) payment to US authorities over an investigation into mortgage-backed securities. BBC Monitoring: Press say Deutsche Bank fine 'could have been worse'German commentators note that the Deutsche Bank management will be relieved that the fine agreed with US regulators is only about half of what was originally demanded, but that $7.2bn is still a lot of money to pay. The Swiss bank will pay US authorities $2.48bn, and will also give consumers $2.8bn in compensation over the next five years. The sum, which needs final approval, is far lower than the $14bn the US had asked the bank to pay in September. | DB | {} | 1074 |
| Deutsche Bank, Credit Suisse Settle U.S. Subprime Probes | -33 | 2016-12-23 00:00:00 | Deutsche Bank’s settlement “might help in the short run because a major source of uncertainty has been cleared,” said Michael Huenseler, an investor at Assenagon Asset Management, which holds about 0.8 percent of Deutsche Bank’s shares. “For Deutsche it was certainly quite positive” because the hit to capital is “modest,” said Kyle Kloc, a portfolio manager at Fisch Asset Management in Zurich who holds Deutsche Bank bonds. “With Credit Suisse it is more complicated. The settlement costs will probably lead Deutsche Bank and Credit Suisse to second straight annual losses and prompt continued questions over whether the German lender will raise capital through a share sale. Credit Suisse had set aside about 2.1 billion francs ($2.1 billion) in general litigation provisions by the end of the third quarter. | DB | {"Jeffrey Voegeli","Jan-henrik Foerster","More Stories Jeffrey Voegeli","More Stories Steven Arons","More Stories Jan-henrik Foerster","Steven Arons"} | 1082 |
| Deutsche Bank Admits Misleading Clients in Dark Pool Trades | -33 | 2016-12-16 00:00:00 | "Despite knowing about the problem for over a year, Deutsche Bank did not address the issue," he said. “Deutsche Bank is pleased to have resolved these matters,” the company said in a statement Friday. From January 2012 to February 2014, technical problems at Deutsche Bank prevented the execution quality rankings from being performed, Schneiderman said in a statement. Deutsche Bank said in September that the U.S. Justice Department had opened negotiations by seeking as much as $14 billion to settle a probe tied to mortgage securities. U.S. regulators have increased scrutiny of dark pools in recent years. | DB | {"Annie Massa","Erik Larson","More Stories Erik Larson","More Stories Annie Massa","Keri Geiger","More Stories Keri Geiger"} | 1085 |
| European Lenders Limp Into 2017 After $12.5 Billion Settlements | -44 | 2016-12-23 00:00:00 | “The settlement only removes one of Deutsche Bank’s many problems.”The U.S. is also investigating whether Deutsche Bank violated anti-bribery laws by employing children of China’s elite. You will now receive the Game Plan newsletter Deutsche Bank is grappling with a pile of mortgage litigation separate from the Justice Department investigation. QuickTake Q&A: Why Deutsche Bank’s Problem Is Your Problem, TooThe U.S. probes that aren’t settled will be handed over to the incoming administration led by Donald Trump. Relief that Deutsche Bank AG and Credit Suisse Group AG cleared legal hurdles is likely to soon give way to concern over a bigger problem: European lenders are still struggling to make money. “I still expect Deutsche Bank to eventually go ahead with a capital increase,” said Boris Boehm, who helps manage 2.1 billion euros, including Deutsche Bank shares, at Aramea Asset Management in Hamburg. | DB | {"Jan-henrik Foerster","More Stories Steven Arons","Sonia Sirletti","More Stories Jan-henrik Foerster","Steven Arons","More Stories Sonia Sirletti"} | 1091 |
| Deutsche Bank and Credit Suisse agree billion-dollar fines with U.S. authorities | -7 | 2016-12-23 00:00:00 | "For Deutsche Bank, it's a relief to be rid of such an overhang. Deutsche Bank's agreement follows months of negotiations with the U.S.'s Department of Justice (DoJ) and ranks as the third-highest penalty imposed to date on a bank to settle claims of mis-sold mortgage-backed instruments. Although pointing out that the German lender still faced litigation relating to trades in Russia and the potential for a seasonal increase in restructuring charges within fourth quarter results, he said his team viewed the outcome as very positive for Deutsche Bank. Furthermore, of the full amount, only the $3.1 billion civil fine component is required to be imminently delivered in cash. Gildas Surry, senior analyst at Axiom Alternative Investments, agreed that it draws a line under the worst of the issues - namely, significant uncertainty - that had plagued the bank's management. | DB | {"Adam Jeffery","Gemma Acton"} | 1092 |
| The Morning Ledger: DoJ Settles with Deutsche Bank, Credit Suisse over Toxic Securities | -46 | 2016-12-23 00:00:00 | Investor Carl Icahn has been appointed by president-elect Donald Trump as an adviser on regulatory issues. Carl Icahn’s new role advising President-elect Donald Trump on regulatory matters comes as a tank car manufacturer he controls is suing railroad safety regulators. Axiata Group Bhd., a Malaysian mobile-phone network operator, said Friday it has appointed its group financial controller, Yap Wai Yip, as acting chief financial officer, effective Jan. 1. The Morning Ledger from CFO Journal cues up the most important news in corporate finance every weekday morning. Get the free Morning Ledger emailed to you each weekday morning by clicking here, or at: http://on.wsj.com/TheMorningLedgerSignup | DB | {"Nina Trentmann Wsj Com","Nina Trentmann"} | 1104 |
| Bonds Rally, Stocks Drop Before Debate as Deutsche Bank Tumbles | -22 | 2016-09-25 00:00:00 | StocksThe MSCI All-Country World Index fell 0.9 percent as of 4:15 p.m. in New York. Investors piled into safer assets as Deutsche Bank’s plunge spurred a rout in global financial companies on concern the lender is struggling with tougher capital standards, negative interest rates and soaring legal bills. “Polls have started to tighten ahead of the U.S. presidential election, and Citi has raised the probability of a Trump victory,” the bank said in the note. The central bank’s program to buy 80 billion euros ($90 billion) a month of debt faces scarcity concerns and its negative interest rates have prompted criticism by banks and savers. Traders bracing for a heated U.S. presidential debate tonight had another element to contend with -- a selloff in global banks. | DB | {"Eddie Van Der Walt","Rita Nazareth Joseph Ciolli Eddie Van Der Walt","Rita Nazareth","Joseph Ciolli"} | 45 |
| Deutsche Bank Riskiest Bonds Sink as DOJ Seeks $14 Billion Fine | -10 | 2016-09-16 00:00:00 | The bank said in March it had 1.1 billion euros available to pay AT1s for the year. Deutsche Bank AG’s riskiest bonds plummeted after the German lender received a $14 billion claim from the U.S. Justice Department to settle an investigation into the firm’s sale of residential mortgage-backed securities. “Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement. The bank’s 1.75 billion euros ($2 billion) of 6 percent additional Tier 1 bonds, the first notes to take losses in a crisis, fell 4 cents to 80 cents on the euro, the biggest intraday-day drop since July 6. “They are dropping like a stone,” said Tomas Kinmonth, a credit strategist at ABN Amro Bank NV in Amsterdam. | DB | {"Tom Beardsworth","Joe Mayes","Tom Beardsworth Joe Mayes"} | 123 |
| Deutsche Bank fined record $2.5 billion over rate rigging | -47 | 2015-04-23 20:58:47+00 | "Deutsche Bank's settlement dwarfs the previous $1.5 billion record demanded in 2012 from Switzerland's UBS UBSG.VX. LONDON/NEW YORK U.S. and British authorities fined Deutsche Bank (DBKGn.DE) $2.5 billion, accused Germany's largest lender of obstructing regulators and ordered it to fire seven employees in the eighth global settlement of alleged benchmark interest rate rigging. In an email to the head of Deutsche Bank's Global Finance Unit, one wrote: "HAVE U SEEN THE 3MK FIXING TODAY? Eight months later, Rabobank's head Piet Moerland quit after the Dutch bank was fined $1 billion. As part of the settlement, Deutsche Bank's London-based subsidiary pleaded guilty to criminal wire fraud and the parent group entered into a deferred prosecution agreement to settle U.S. wire fraud and antitrust charges. | DB | {"Kirstin Ridley","Karen Freifeld"} | 130 |
| Former traders of Barclays and Deutsche under Euribor questioning: FT | -16 | 2015-03-09 00:18:50+00 | REUTERS/Toby MelvilleBritain's Serious Fraud Office is calling former traders of Barclays Plc and Deutsche Bank for interviews as part of its investigation of whether the Euribor benchmark interest rate was rigged, the FT reported, citing people familiar with the probe. The Barclays logo is seen outside a branch of the bank in central London October 30, 2014. With the help of special government funding, the Serious Fraud Office is examining if the euro interbank offered rate, Euribor, was manipulated for individual trading benefit, the newspaper said. The SFO followed dual strands of Euribor and dollar Libor for investigation, the newspaper said. (on.ft.com/193gu3D)UK regulators are also investigating traders from other banks, the newspaper said, citing sources. | DB | {"Reuters Editorial"} | 328 |
| Deutsche needs a convincing case to win over investors, says IMF | -21 | 2016-10-05 00:00:00 | John Cryan, chief executive of Deutsche, will be in Washington for the annual meeting of the IMF this week. “Deutsche Bank is in the third bucket. Peter Dattels, IMF deputy director, said Deutsche was being monitored by both the German and European authorities to ensure it remained resilient. Deutsche Bank needs a convincing business case to attract investors, senior officials from the International Monetary Fund have said amid fears Germany’s biggest bank will need to raise funds to avoid being crippled by a $14bn (£10.5bn) penalty from the US for a decade-old scandal. But they questioned whether the bank had an attractive investment case for investors. | DB | {"Larry Elliott","Jill Treanor"} | 660 |
| Ten People Who Will Be Key in Deciding Deutsche Bank’s Future | -34 | 2016-09-29 00:00:00 | The chair of the European Central Bank’s Supervisory Board is in charge of scrutinizing Deutsche Bank’s activities and balance sheet. As the saga unfolds, here are 10 people who will be instrumental in deciding Deutsche Bank’s fate:Bill Baer Photographer: Andrew Harrer/BloombergBILL BAER. Deutsche Bank’s chief executive officer is trying to shore up capital buffers and profitability while selling assets, cutting jobs, and suspending dividends. The chairman of Deutsche Bank’s supervisory board is known for his deep contacts across the industry. While he hasn’t directly commented on Deutsche Bank, Baer says banks are to blame for slow progress in mortgage settlement talks. | DB | {"Angela Cullen","Alessandro Speciale Angela Cullen Patrick Donahue","Patrick Donahue","Alessandro Speciale"} | 662 |
| German business leaders offer support to Deutsche Bank | -20 | 2016-10-02 00:00:00 | “Of course Chancellor Merkel doesn’t want to give Deutsche Bank any state aid. Over the weekend, business leaders spoke to German newspapers to back Cryan’s efforts to turn around Deutsche, which is a linchpin of the national economy. However, the German economy minister, Sigmar Gabriel, lashed out at Deutsche Bank’s handling of its troubles, saying “irresponsible” managers had put thousands of jobs at risk. On Sunday Jürgen Hambrecht, chairman of chemical company BASF told Frankfurter Allgemeine Sonntagszietung (FASZ): “The German industry needs a German bank that accompanies us out into the world.”“Deutsche Bank has a great tradition, a solid base and, building on that, also a good future. German business leaders have thrown their weight behind Deutsche Bank after a week of market turmoil in which shares in the country’s biggest bank were dragged to 30-year lows on fears it will be crippled by a $14bn (£10.5bn) penalty from the US authorities. | DB | {"Jill Treanor"} | 1220 |
| Deutsche Bank: no reason to panic … yet | -15 | 2016-09-16 00:00:00 | The $14bn Deutsche Bank fine – all you need to know Read moreYet the IMF’s summer verdict of Deutsche was sober. But Deutsche Bank’s battle with the US Department of Justice could have wider implications. Fourth, Deutsche has powerful political friends – note Berlin’s call for “fair treatment” by the US for its biggest bank. If you’re a bank with a stock market value of €18bn (£15.4bn), a potential $14bn (£10.5bn) penalty is deadly serious. By comparison with most other European giants, Deutsche’s post-crisis response has been slow and muddled. | DB | {"Nils Pratley"} | 1222 |
| Shares in Deutsche Bank sharply up amid speculation of DoJ deal | -30 | 2016-09-30 00:00:00 | “The rumors that are out there that Deutsche Bank is going to get a better deal ... Shares in Deutsche Bank have gyrated wildly before closing sharply higher amid speculation the embattled German lender was on the brink of a deal with the US authorities over a decade-old mis-selling scandal that would be less damaging to its finances. While Lehman’s boss also blamed speculators, Cryan argued Deutsche was strong while policymakers also insisted any comparison is unfair. An Agence France-Presse report suggested the bank might be doing a deal with the DoJ to pay just over a third of the $14bn (£10.8bn) penalty that was originally suggested by the DoJ. From the moment the $14bn penalty was demanded Cryan has insisted the bank would not pay that amount. | DB | {"Jill Treanor"} | 1223 |
| DOJ settlement could crush Germany's Deutsche Bank | -14 | 2016-10-02 00:00:00 | The troubles aren't over for Deutsche Bank, despite a slightly optimistic media report on Friday. "German industry needs a Deutsche Bank to accompany us out into the world," BASF Chairman Juergen Hambrecht said. US authorities are demanding a fine of up to $14 billion for mis-selling mortgage-backed securities, and Deutsche Bank is throwing its energies into reaching a settlement before next month's presidential election. The German bank has been facing several issues. Deutsche Bank and the government in Berlin have had to play a delicate balancing act, emphasizing the substance and importance of the bank without implying any need for state aid or willingness to supply it. | DB | {"Rachael Levy"} | 1225 |
| Deutsche Bank's Troubles Touch a Nationalist Nerve | -28 | 2016-10-04 00:00:00 | The International Monetary Fund warned three months ago that Deutsche Bank posed a potential systemic threat to the global financial system. "German industry needs a German bank that accompanies us out into the world," BASF Chairman Juergen Hambrecht said. And executives of some of Germany's biggest DAX-listed companies joined in this weekend to lend their support to Deutsche Bank. The European Central Bank is blamed for hobbling Deutsche Bank, hurting German savers and propping up profligate, debt-ridden governments on the euro zone periphery. The wider the disparities between euro zone countries, the more vulnerable the entire single currency project. | DB | {"Albert R","Mark Gilbert","Tyler Cowen","Matt Levine","Faye Flam","Jonathan Bernstein","Justin Fox","Therese Raphael"} | 1230 |
| U.S. judge tells CFTC he won't 'rubber stamp' Deutsche Bank deal | -17 | 2016-09-23 15:38:58+00 | The case is U.S. Commodity Futures Trading Commission v. Deutsche Bank AG, U.S. District Court, Southern District of New York, No. U.S. District Judge William Pauley in Manhattan said in an order on Thursday that while regulatory agencies like the CFTC should be afforded deference in settling cases, a judge has a duty to not simply "rubber stamp" agreements. The German bank's shortfalls reflected its failure to have adequate business continuity and disaster recovery plans in place, and violated a September 2015 CFTC order intended to prevent such shortfalls, the regulator added. Deutsche Bank has said it is "committed to meeting all regulatory requirements. The judge ordered the CFTC to provide reasons by Sept. 30 to justify the settlement, and to also include at least three recommendations for the appointment of an independent monitor. | DB | {"Nate Raymond"} | 1245 |
| Deutsche Bank: Does it need a bailout? | -20 | 2016-09-28 00:00:00 | Lamensdorf started to short sell Deutsche Bank a few years ago due to concerns about its balance sheet. Deutsche Bank has already shelled out billions of dollars for manipulating global interest rates and rigging foreign exchange markets. "Deutsche Bank (DB) CEO John Cryan said he had never asked Chancellor Angela Merkel for help, and that government aid is "not an option. Deutsche Bank has lost half its market value this year and profits have collapsed. Is Deutsche Bank about to trigger a rerun of the Lehman Bros crisis of 2008? | DB | {"La Monica","Paul R","Mark Thompson"} | 1318 |
| Deutsche Bank: Does it need a bailout? | -20 | 2016-09-28 00:00:00 | Lamensdorf started to short sell Deutsche Bank a few years ago due to concerns about its balance sheet. Deutsche Bank has already shelled out billions of dollars for manipulating global interest rates and rigging foreign exchange markets. "Deutsche Bank (DB) CEO John Cryan said he had never asked Chancellor Angela Merkel for help, and that government aid is "not an option. Deutsche Bank has lost half its market value this year and profits have collapsed. Is Deutsche Bank about to trigger a rerun of the Lehman Bros crisis of 2008? | DB | {"La Monica","Paul R","Mark Thompson"} | 1319 |