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Deutsche Bank AG (DB.N)

DB.N on New York Stock Exchange

7.23USD
23 May 2019
Change (% chg)

$-0.11 (-1.50%)
Prev Close
$7.34
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$7.17
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$7.13
Volume
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Latest Key Developments (Source: Significant Developments)

HNA sells vehicle managing its Deutsche Bank investment
Friday, 17 May 2019 

May 17 (Reuters) - C-Quadrat, which manages HNA's 4.9% stake in Deutsche Bank, says::CEO OF C-QUADRAT INVESTMENT GROUP ALEXANDER SCHUETZ AND EXEC BOARD MEMBER CRISTOBAL MENDEZ DE VIGO ACQUIRE MAJORITY STAKE IN C-QUADRAT .SCHUETZ AND MENDEZ DE VIGO ACQUIRE MAJORITY STAKE IN C-QUADRAT FROM CHINA'S HNA GROUP .THROUGH THE TRANSACTION, HNA COMPLETELY DISPOSES ITS STAKE IN C-QUADRAT.CHINESE CONGLOMERATE HNA ACQUIRED A MINORITY STAKE IN C-QUADRAT IN 2016 AND INCREASED THE POSITION TO A MAJORITY STAKE ONE YEAR LATER.AS PART OF THE REALIGNMENT OF ITS GLOBAL STRATEGY, HNA HAS DECIDED TO FOCUS ITS ACTIVITIES ON ITS CORE AVIATION BUSINESS..  Full Article

Germany's BaFin Says Failed Result Of Deutsche Bank And Commerzbank Merger Not Surprising
Tuesday, 7 May 2019 

May 7 (Reuters) - Commerzbank AG ::GERMANY'S BAFIN SAYS FAILED RESULT OF DEUTSCHE BANK AND COMMERZBANK MERGER NOT SURPRISING.BAFIN'S HUFELD SAYS COST CUTTING PRESSURES STILL ON BANKS AFTER FAILED MERGER TALKS.BAFIN'S HUFELD SAYS REGULATORY ISSUES DON'T STAND IN WAY OF CROSS-BORDER BANKING MERGERS.  Full Article

Commerzbank Denies That It Initiated Talks With Deutsche Bank
Friday, 26 Apr 2019 

April 26 (Reuters) - Commerzbank spokeswoman::COMMERZBANK DENIES THAT IT INITIATED TALKS WITH DEUTSCHE BANK.  Full Article

Deutsche Bank Sees 2019 Revenues Flat
Friday, 26 Apr 2019 

April 26 (Reuters) - Deutsche Bank AG ::MANAGING TOWARD RETURN ON TANGIBLE EQUITY TARGET OF ABOVE 4% IN 2019.REVENUES IN THE CORPORATE & INVESTMENT BANK (CIB), WHICH INCLUDES GTB, WERE DOWN 13% YEAR-ON-YEAR OR 10% IF ADJUSTED FOR SPECIFIC ITEMS.Q1 REVENUES IN SALES & TRADING (FIXED INCOME) WERE DOWN 19% TO 1.5 BILLION EUROS WHILE SALES & TRADING (EQUITY) REVENUES WERE DOWN 18% TO 468 MILLION EUROS.PROVISION FOR CREDIT LOSSES WAS 140 MILLION EUROS IN THE QUARTER, UP 60% YEAR-ONYEAR.Q1 CIB NET REVENUES 3,328 MILLION EUR.Q1 PCB DIVISION NET REVENUES 2,513 MILLION EUR.Q1 ASSET MANAGEMENT NET REVENUES 525 MILLION EUR.Q1 CIB PRETAX LOSS 88 MILLION EUR.Q1 PCB PRETAX PROFIT 287 MILLION EUR.Q1 ASSET MANAGEMENT PRETAX PROFIT 96 MILLION EUR.ASSETS UNDER MANAGEMENT IN AM DIVISION INCREASED BY 42 BILLION EUROS, OR 6%, TO 706 BILLION EUROS DURING THE QUARTER.LITIGATION PROVISIONS 1.1 BILLION EUR AS OF MARCH 31.CONTINGENT LIABILITIES 2.7 BILLION EUR AS OF MARCH 31.IN 2019, WE INTEND TO BUILD ON THE PROGRESS MADE LAST YEAR TO PURSUE OUR NEAR-TERM OPERATING TARGETS FOR ADJUSTED COSTS AND EMPLOYEES.REACHING TARGET OF 4 % POST-TAX RETURN ON TANGIBLE EQUITY DEPENDS ON FACTORS WITHIN DIRECT CONTROL, BUT ALSO ON FACTORS WHICH ARE MORE MARKET-SENSITIVE AND-EVENT SENSITIVE.WE EXPECT REVENUES IN 2019 TO BE ESSENTIALLY FLAT COMPARED TO 2018.AIM IS TO IMPROVE REVENUES IN PARTICULAR THROUGH INVESTMENTS IN TARGETED AREAS AS WELL AS THROUGH LIQUIDITY AND BALANCE SHEET OPTIMIZATION AND REDEPLOYMENT.  Full Article

Deutsche Bank CEO Says After We Have Cut Costs And Increased Profitability, We Can Then Participate In European Banking Consolidation - Zdf
Friday, 26 Apr 2019 

April 25 (Reuters) - Deutsche Bank AG ::DEUTSCHE BANK CEO SAYS AFTER WE HAVE CUT COSTS AND INCREASED PROFITABILITY, WE CAN THEN PARTICIPATE IN EUROPEAN BANKING CONSOLIDATION - ZDF.  Full Article

Deutsche Bank CEO Says Market Conditions Improved Towards End Of Q1
Thursday, 25 Apr 2019 

April 25 (Reuters) - Deutsche Bank AG CEO in message to staff::CAN ALREADY SAY THAT BROAD PICTURE IS BETTER THAN MANY OBSERVERS WOULD HAVE DEEMED POSSIBLE AFTER WEAK START TO YEAR.WELL ON TRACK TO ACHIEVE OUR 2019 COST TARGET OF 21.8 BILLION EUROS.WE WILL CONTINUE TO REVIEW ALL ALTERNATIVES TO IMPROVE LONG-TERM PROFITABILITY AND SHAREHOLDER RETURNS.MARKET CONDITIONS IMPROVED TOWARDS END OF Q1, "LET'S CAPTURE AND SUSTAIN THAT MOMENTUM IN THE QUARTERS AHEAD".  Full Article

Deutsche Bank: Discontues Talks With CoBa, Sees 200 Mln Eur Q1 Net Income
Thursday, 25 Apr 2019 

April 25 (Reuters) - Deutsche Bank Ag ::COMMON EQUITY TIER 1 RATIO AT END OF QUARTER IS EXPECTED TO BE APPROXIMATELY 13.7%.FOR Q1 OF 2019, DEUTSCHE BANK EXPECTS TO REPORT INCOME BEFORE INCOME TAXES OF APPROXIMATELY EUR 290 MILLION AND NET INCOME OF APPROXIMATELY EUR 200 MILLION.TOTAL NET REVENUES ARE EXPECTED TO BE EUR 6.4 BILLION.DEUTSCHE BANK WILL CONTINUE TO REVIEW ALL ALTERNATIVES TO IMPROVE LONG-TERM PROFITABILITY AND SHAREHOLDER RETURNS.A COMBINATION WITH COMMERZBANK WOULD NOT HAVE CREATED SUFFICIENT BENEFITS TO OFFSET ADDITIONAL EXECUTION RISKS, RESTRUCTURING COSTS AND CAPITAL REQUIREMENTS ASSOCIATED WITH SUCH A LARGE-SCALE INTEGRATION.  Full Article

Commerzbank Says It Discontinues Discussions on Potential Merger With Deutsche Bank
Thursday, 25 Apr 2019 

April 25 (Reuters) - Commerzbank Ag ::DGAP-ADHOC: COMMERZBANK AND DEUTSCHE BANK DISCONTINUE DISCUSSIONS.AFTER CAREFUL ANALYSIS, MANAGEMENT BOARD OF COMMERZBANK HAS CONCLUDED TODAY THAT A COMBINATION WITH DEUTSCHE BANK WOULD NOT HAVE CREATED SUFFICIENT BENEFITS TO OFFSET ADDITIONAL EXECUTION RISKS, RESTRUCTURING COSTS AND CAPITAL REQUIREMENTS ASSOCIATED WITH SUCH A LARGE-SCALE INTEGRATION.AS A RESULT, TWO BANKS HAVE DECIDED TO DISCONTINUE DISCUSSIONS.  Full Article

Deutsche Bank Considers Forming ‘Bad Bank’- WSJ
Wednesday, 24 Apr 2019 

April 23 (Reuters) - :DEUTSCHE BANK CONSIDERS FORMING 'BAD BANK'- WSJ.DEUTSCHE BANK EXECUTIVES DISCUSSED CREATING NEW UNIT TO HOUSE UNWANTED ASSETS, BUSINESSES THAT COULD BE EARMARKED FOR CLOSURE- WSJ.DEUTSCHE BANK'S TALKS TO CREATE NEW UNIT FOR UNWANTED ASSETS ARE PART OF CONTINGENCY PLANS IF POSSIBLE MERGER WITH COMMERZBANK FALL THROUGH- WSJ.  Full Article

Blackstone Preparing To Sell Las Vegas Strip Casino And Luxury Hotel Cosmopolitan- WSJ
Wednesday, 17 Apr 2019 

April 17 (Reuters) - :BLACKSTONE PREPARING TO SELL LAS VEGAS STRIP CASINO AND LUXURY HOTEL COSMOPOLITAN - WSJ.DEUTSCHE BANK AG AND PJT PARTNERS INC. HAVE BEEN RETAINED TO EXPLORE STRATEGIC ALTERNATIVES FOR THE PROPERTY, INCLUDING A SALE - WSJ.BLACKSTONE'S SALE OF COSMOPOLITAN HOTEL COULD BRING $4 BILLION IF IT GOES TO ANOTHER CASINO OPERATOR - WSJ.  Full Article

Deutsche Bank plans cuts in U.S. equities, prime unit -sources

NEW YORK, May 23 Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters.