Deutsche Bank: Three charts that show these are extraordinary times June 9, 2014 European Central Bank (ECB) president Mario Draghi lit several monetary fireworks last week, and traders are paying attention. While ECB policy is still the tightest of any central bank in the G10, the steps Draghi took were stronger than investors has expected. Thursday saw Draghi unveil a package of five key measures: cuts to two [...]
Deutsche tops up capital with €6.75bn issue June 5, 2014 INVESTORS in Deutsche Bank can snap up new shares at a 24 per cent discount, the banking giant announced yesterday. Existing shareholders will be diluted by the German lender’s €6.75bn (£5.5bn) capital raising round, so the blow has been sweetened with the lower price on the stock. The shares priced at €22.50, 24 per cent [...]
Deutsche fends off investor ire May 22, 2014 DEUTSCHE Bank yesterday faced down angry investors who attacked the firm at its annual meeting over regulatory investigations and its ongoing struggle to restore its capital position. Bosses Anshu Jain and Juergen Fitschen were heckled as they argued the bank had made great strides cutting costs and improving its balance sheet. Depite the unrest, 91 [...]
Deutsche Bank slips after plan to raise €8bn May 19, 2014 SHARES in Deutsche Bank slid yesterday as investors and analysts poured cold water on the lender’s plan to shore up its balance sheet with an €8bn (£6.5bn) capital raising. The German bank’s fundraising, announced late on Sunday, will see it offer €6.3bn to investors via a rights issue, in addition to €1.75bn that has already [...]
Deutsche Bank shares drop on €8bn capital hike May 19, 2014 Deutsche Bank shares fell over 2.6 per cent this morning, after yesterday’s announcement that it plans to raise €8bn (£6.5bn) in new capital. The bank will raise €6.3bn in new equity via a rights issue, with the remaining €1.75bn stake taken by the Qatari royal family through its Paramount fund. Deutsche Bank also put forward [...]
Deutsche Bank taps Qataris in €8bn cash call May 19, 2014 DEUTSCHE Bank is planning to raise €8bn (£6.5bn) in new capital, it said last night, with the Qatari royal family already lined up as one of the main investors. The German bank will raise €6.3bn in new equity via a rights issue, and said the remaining €1.75bn had already been placed with an investment vehicle [...]
Bond markets take bite out of Deutsche profit April 29, 2014 DEUTSCHE Bank joined the list of lenders hit by weak bond market profits in the first quarter, the lender said yesterday as it reported a fall in profits. However, markets welcomed the earnings numbers as they were less bad than investors had feared. Pre-tax profits came in at €1.7bn (£1.4bn) for the three-month period, down [...]
Deutsche issues bonds as forex chief retires April 28, 2014 DEUTSCHE Bank hopes to raise €5bn in a series of convertible bond (coco) issues over the coming 18 months, the bank announced yesterday. The bonds are unusual as they will suspend payments to investors if the bank’s core capital ratio falls below a trigger level of 5.125 per cent. If the bank’s buffer later recovers [...]
Why Deutsche Bank is going to war with NGOs on wheat April 23, 2014 Gamblers might think they're due a win after a string of losses, but most of us figure that taking a bet on an event doesn't affect its outcome. But some NGOs say the opposite, if your bet is a futures contract, and you're an investor gambling on the value of commodities, like food. The NGO [...]
Deutsche Bank strategist confirms Game of Thrones party with dress up and “plotting world domination” April 7, 2014 A glimpse into the goings on at a global investment bank – and it’s not all money and strategy. In a morning research note, Deutsche Bank reveals that it’s not gold, cement company mergers or Eurozone investor confidence that’s gripped it, but the latest Game of Thrones episode. It begins, thanks to strategists Jim Reid [...]