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 [...]
City braces for job losses at Deutsche Bank March 20, 2014 INVESTMENT banking jobs will go at Deutsche Bank as the German lender plans to make its operations more efficient, the bank’s annual report said yesterday. By contrast the bank’s executive committee will be paid €38.5m (£3.2m) for the year, up 46.4 per cent on 2012’s payouts. It comes after a tough year for Deutsche Bank [...]
Deutsche Bank’s Anshu Jain sees the light? March 20, 2014 ASIDE from announcing a swathe of redundancies, Deutsche Bank has also released its annual report this week. Perhaps the only thing in the report more interesting than the increase in pay for its co-executives is this curious photo of co-chief executive Anshu Jain (as spotted by eFinancialCareers). Where is he looking? Has he seen the [...]
Deutsche takes a dim view of Manchester United player costs January 27, 2014 MANCHESTER United’s £37m record signing of Juan Mata from Chelsea, as well as the team’s current run of indifferent form, has prompted Deutsche Bank to downgrade its price target for the listed company’s shares from $21 to $16. “We now think we were too conservative in our player cost outlook,” says the Deutsche research team [...]