Deutsche Bank http://www.globalpost.com/taxonomy/term/39457/all en Deutsche Bank says Monte Paschi damages claim "without merit" http://www.globalpost.com/dispatch/news/thomson-reuters/130313/deutsche-bank-says-monte-paschi-damages-claim-without-merit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>MILAN (Reuters) - Deutsche Bank &lt;DBKGn.DE&gt; said on Wednesday damage claims filed by Italy's Monte dei Paschi di Siena &lt;BMPS.MI&gt; over a derivative trade were "entirely without merit", vowing to defend itself vigorously.</p> <p>A judicial source told Reuters last week the world's oldest bank was seeking at least 500 million euros in damages from Deutsche Bank and two former Monte dei Paschi executives over a loss-making 2008 trade known as "Santorini".</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130313/deutsche-bank-says-monte-paschi-damages-claim-without-merit" target="_blank">read more</a></p> Deutsche Bank Monte dei Paschi di Siena Thomson Reuters Wed, 13 Mar 2013 19:15:30 +0000 Thomson Reuters 5782580 at http://www.globalpost.com Deutsche Bank restates 2012 earnings on legal costs http://www.globalpost.com/dispatch/news/afp/130320/deutsche-bank-restates-2012-earnings-legal-costs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Deutsche Bank, Germany's biggest bank, said Wednesday that writedowns and litigations costs hit its 2012 earnings harder than expected and it has now been forced to restate last year's profits.</p> <p>"New developments related to specific existing legal matters have occurred after the disclosure of (our) preliminary, unaudited 2012 results on January 31," Deutsche Bank said in a statement.</p> <p>"Based on these developments ... the bank has increased its provisions for litigation by 600 million euros ($774 million) to 2.4 billion euros.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130320/deutsche-bank-restates-2012-earnings-legal-costs" target="_blank">read more</a></p> Business Deutsche Bank Deutsche Bank Income tax Investment Labor Law Technology AFP Wed, 20 Mar 2013 08:30:29 +0000 Agence France-Presse 5788497 at http://www.globalpost.com Deutsche Bank restates 2012 profit, hit by legal costs http://www.globalpost.com/dispatch/news/afp/130320/deutsche-bank-restates-2012-profit-hit-legal-costs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Deutsche Bank, Germany's biggest bank, said Wednesday that writedowns and legal costs hit its 2012 earnings harder than expected and it has now been forced to restate last year's profits.</p> <p>"New developments related to specific existing legal matters have occurred after the disclosure of (our) preliminary, unaudited 2012 results on January 31," Deutsche Bank said in a statement.</p> <p>"Based on these developments ... the bank has increased its provisions for litigation by 600 million euros ($774 million) to 2.4 billion euros.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130320/deutsche-bank-restates-2012-profit-hit-legal-costs" target="_blank">read more</a></p> Business Deutsche Bank Deutsche Bank Investment Labor Law Primary dealers Technology AFP Wed, 20 Mar 2013 09:30:34 +0000 Agence France-Presse 5788534 at http://www.globalpost.com Litigation forces Deutsche Bank to restate profits http://www.globalpost.com/dispatch/news/thomson-reuters/130320/litigation-forces-deutsche-bank-restate-profits <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT (Reuters) - Deutsche Bank &lt;DBKGn.DE&gt; cut its previously reported 2012 pretax profit by 600 million euros (510.3 million pounds) on Wednesday, hit by new charges related to mortgage-related lawsuits and other regulatory investigations.</p> <p>Europe's biggest bank by assets declined to say why it had increased litigation provisions to 2.4 billion euros, forcing it to correct its January 31 earnings report which already showed the worst quarterly loss in four years.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130320/litigation-forces-deutsche-bank-restate-profits" target="_blank">read more</a></p> Deutsche Bank Deutsche Bank Investment Primary dealers Technology Thomson Reuters Wed, 20 Mar 2013 10:45:07 +0000 Thomson Reuters 5788589 at http://www.globalpost.com Deutsche Bank see 'solid' 1st quarter http://www.globalpost.com/dispatch/news/afp/130321/deutsche-bank-see-solid-1st-quarter <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Germany's largest lender, Deutsche Bank, is expecting a "solid" first quarter amid robust revenues and progress in its cost-cutting drive, one of its co-chief executives Anshu Jain said Thursday.</p> <p>In a speech given in London and broadcast on Deutsche Bank's website, Jain said the group "expects our first quarter to be solid across all businesses, driven by robust revenues similar to last year's performance."</p> <p>Deutsche Bank's revenues in the first three months of 2012 amounted to 9.19 billion euros ($11.9 billion).</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130321/deutsche-bank-see-solid-1st-quarter" target="_blank">read more</a></p> Deutsche Bank Deutsche Bank Investment Primary dealers Technology AFP Thu, 21 Mar 2013 13:16:40 +0000 Agence France-Presse 5789894 at http://www.globalpost.com Regulator finds flaws in Deutsche Bank's Libor supervision http://www.globalpost.com/dispatch/news/thomson-reuters/130321/regulator-finds-flaws-deutsche-banks-libor-supervision-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Philipp Halstrick and Alexander Hübner</p> <p>FRANKFURT (Reuters) - German markets watchdog Bafin is set to rebuke Deutsche Bank &lt;DBKGn.DE&gt; over how it supervised its contribution to the setting of inter-bank lending rates at the heart of the international rate-rigging scandal, several sources familiar with Bafin's investigation said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130321/regulator-finds-flaws-deutsche-banks-libor-supervision-0" target="_blank">read more</a></p> Banking Business Deutsche Bank Finance Interest rates Labor Law Thomson Reuters Thu, 21 Mar 2013 17:00:20 +0000 Thomson Reuters 5790138 at http://www.globalpost.com Deutsche Bank braced for £256 million Iran sanctions charges - report http://www.globalpost.com/dispatch/news/thomson-reuters/130324/deutsche-bank-braced-256-million-iran-sanctions-charges-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT (Reuters) - Deutsche Bank &lt;DBKGn.DE&gt; is bracing for more than 300 million euros (256 million pounds) in charges linked to suspected violations of U.S. sanctions on Iran, a German weekly reported on Sunday.</p> <p>Deutsche Bank, Europe's biggest bank by assets, on Wednesday increased its provisions for litigation by 600 million euros to 2.4 billion euros, citing mortgage-related lawsuits and other regulatory investigations.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130324/deutsche-bank-braced-256-million-iran-sanctions-charges-report" target="_blank">read more</a></p> Deutsche Bank Economy of Germany Economy of Iran Iran Thomson Reuters Sun, 24 Mar 2013 14:00:27 +0000 Thomson Reuters 5792496 at http://www.globalpost.com S&P puts Deutsche Bank on negative rating watch http://www.globalpost.com/dispatch/news/afp/130327/sp-puts-deutsche-bank-negative-rating-watch <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>International ratings agency Standard and Poor's put Deutsche Bank's long-term credit rating on negative watch Wednesday after the bank's 2102 earnings were hit by writedowns and legal costs.</p> <p>S&amp;P said in a statement it has placed Deutsche Bank's "A+" long-term rating on "CreditWatch with negative implications."</p> <p>The move "follows Deutsche Bank's announcement that it has increased its provisions for litigation in 2012 by 600 million euros ($769 million) compared with the preliminary results it released in January this year," the statement said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130327/sp-puts-deutsche-bank-negative-rating-watch" target="_blank">read more</a></p> Business Deutsche Bank Deutsche Bank Investment Labor Law Primary dealers AFP Wed, 27 Mar 2013 09:31:00 +0000 Agence France-Presse 5795093 at http://www.globalpost.com S&P puts Deutsche Bank on negative rating watch http://www.globalpost.com/dispatch/news/afp/130327/sp-puts-deutsche-bank-negative-rating-watch-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>International ratings agency Standard and Poor's put the biggest German bank's long-term credit rating on negative watch Wednesday after Deutsche Bank's 2102 earnings were hit by writedowns and legal costs.</p> <p>S&amp;P said in a statement it has placed Deutsche Bank's "A+" long-term rating on "CreditWatch with negative implications."</p> <p>The move "follows Deutsche Bank's announcement that it has increased its provisions for litigation in 2012 by 600 million euros ($769 million) compared with the preliminary results it released in January this year," the statement said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130327/sp-puts-deutsche-bank-negative-rating-watch-0" target="_blank">read more</a></p> Business Deutsche Bank Deutsche Bank Finance Investment Labor Law AFP Wed, 27 Mar 2013 10:16:39 +0000 Agence France-Presse 5795136 at http://www.globalpost.com Insight - German reliance on Deutsche Bank outweighs scandals http://www.globalpost.com/dispatch/news/thomson-reuters/130327/insight-german-reliance-deutsche-bank-outweighs-scandals <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Edward Taylor and Philipp Halstrick</p> <p>FRANKFURT (Reuters) - Germany has become so dependent on Deutsche Bank to grease the wheels of its export driven economy that it looks willing to gloss over scandals involving its largest bank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130327/insight-german-reliance-deutsche-bank-outweighs-scandals" target="_blank">read more</a></p> Business Deutsche Bank Health Investment Investment banks Labor Law Primary dealers Social Issues Thomson Reuters Wed, 27 Mar 2013 11:00:16 +0000 Thomson Reuters 5795161 at http://www.globalpost.com Insight - German reliance on Deutsche Bank outweighs scandals http://www.globalpost.com/dispatch/news/thomson-reuters/130327/insight-german-reliance-deutsche-bank-outweighs-scandals-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Edward Taylor and Philipp Halstrick</p> <p>FRANKFURT (Reuters) - Germany has become so dependent on Deutsche Bank to grease the wheels of its export driven economy that it looks willing to gloss over scandals involving its largest bank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130327/insight-german-reliance-deutsche-bank-outweighs-scandals-0" target="_blank">read more</a></p> Business Deutsche Bank Health Investment Investment banks Labor Law Primary dealers Social Issues Thomson Reuters Wed, 27 Mar 2013 11:00:45 +0000 Thomson Reuters 5795162 at http://www.globalpost.com Bundesbank declines comment on Deutsche Bank probe report http://www.globalpost.com/dispatch/news/afp/130404/bundesbank-declines-comment-deutsche-bank-probe-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Bundesbank declined to comment Thursday on a report it is investigating allegations that Deutsche Bank hid billions of dollars (euros) in losses on its holdings during the financial crisis a few years ago.</p> <p>The German central bank said it always examines allegations of wrongdoing by Germany's banks but cannot provide information about individual investigations.</p> <p>"We cannot provide any information about supervisory measures concerning individual banks," a spokeswoman said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130404/bundesbank-declines-comment-deutsche-bank-probe-report" target="_blank">read more</a></p> Business Deutsche Bank Investment Investment banks Labor Law Primary dealers AFP Thu, 04 Apr 2013 09:32:28 +0000 Agence France-Presse 5801450 at http://www.globalpost.com Deutsche Bank faces shareholder ire over legal disputes http://www.globalpost.com/dispatch/news/thomson-reuters/130411/deutsche-bank-faces-shareholder-ire-over-legal-disputes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Edward Taylor</p> <p>FRANKFURT (Reuters) - Shareholders heckled Deutsche Bank's &lt;DBKGn.DE&gt; new leaders about the bank's legal problems at a meeting on Thursday, fearing Germany's flagship lender is becoming distracted by a flurry of scandals and investigations.</p> <p>Representatives of deceased media magnate Leo Kirch forced Deutsche Bank to convene an extraordinary shareholder meeting after contesting the resolutions of the annual general meeting (AGM) in 2012 as part of a long-running legal battle.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130411/deutsche-bank-faces-shareholder-ire-over-legal-disputes" target="_blank">read more</a></p> Business Deutsche Bank Investment Investment banks Primary dealers Thomson Reuters Thu, 11 Apr 2013 11:30:32 +0000 Thomson Reuters 5810871 at http://www.globalpost.com Deutsche Bank to cut 18,000 small Dutch clients http://www.globalpost.com/dispatch/news/thomson-reuters/130411/deutsche-bank-cut-18000-small-dutch-clients <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>AMSTERDAM (Reuters) - Deutsche Bank &lt;DBKGn.DE&gt; is dumping most of its accounts with small businesses in the Netherlands, reversing an expansion drive of recent years to cut losses and focus on big companies.</p> <p>The decision follows a restructuring announced by Germany's biggest business lender in September, including job cuts and asset sales, as part of moves to meet tougher capital rules.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130411/deutsche-bank-cut-18000-small-dutch-clients" target="_blank">read more</a></p> ABN AMRO Deutsche Bank Investment Primary dealers Thomson Reuters Thu, 11 Apr 2013 13:45:51 +0000 Thomson Reuters 5811290 at http://www.globalpost.com Deutsche Bank shares soar on results, capital hike http://www.globalpost.com/dispatch/news/afp/130430/deutsche-bank-shares-soar-results-capital-hike <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in Deutsche Bank soared by more than 7.0 percent on Tuesday after Germany's biggest lender unveiled a 2.8-billion-euro capital hike and a sharp rise in first-quarter profits. </p> <p>Deutsche Bank shares leapt by 7.9 percent to an intraday high of 35.49 euros in early trading on the Frankfurt stock exchange but subsequently fell back slightly to show a gain of 6.25 percent. </p> <p>Late Monday, Deutsche Bank said it would raise around 2.8 billion euros ($3.65 billion) in fresh funds to strengthen its foundations in line with tougher international banking criteria.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130430/deutsche-bank-shares-soar-results-capital-hike" target="_blank">read more</a></p> Business Deutsche Bank Investment Investment banks Primary dealers AFP Tue, 30 Apr 2013 09:30:45 +0000 Agence France-Presse 5828338 at http://www.globalpost.com