tag Deutsche Bank

How Deutsche's big bet on Wall Street turned toxic

EghtesadOnline: Deutsche Bank 's pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the extent of its decline since 2008 when its then chief executive claimed it was one of the "strongest banks in the world".
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Publish Date:24/December/2016 | 14:45

A Sudden Burst of Activity on Mortgage Litigation

EghtesadOnline: In the span of just 12 hours, three U.S. enforcement matters left over from the financial crisis made significant progress: Deutsche Bank AG and Credit Suisse Group AG separately announced that they would pay a combined $12.5 billion to resolve U.S. investigations into their sales of toxic mortgage debt, whereas Barclays Plc chose to roll the dice and let the Justice Department file a fraud lawsuit over its debt sales.
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Publish Date:24/December/2016 | 13:46

Deutsche Bank May Have Rigged Index in Paschi Deal, Audit Shows

EghtesadOnline: Deutsche Bank AG employees may have manipulated internal indexes as part of an allegedly fraudulent scheme to help Banca Monte dei Paschi di Siena SpA conceal losses, according to an audit commissioned by German regulators.
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Publish Date:08/December/2016 | 18:07

Deutsche Bank Records Said to Show Silver Rigging at Other Banks

EghtesadOnline: Eight months after Deutsche Bank AG settled a lawsuit claiming it manipulated gold and silver prices, documents it disclosed as part of the accord provide “smoking gun” proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market, plaintiffs claim.
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Publish Date:08/December/2016 | 18:05

InvestaBank to buy Deutsche Bank assets despite scandal

EghtesadOnline: Mexican bank InvestaBank will stick to its plan to acquire Deutsche Bank assets in the country, saying it has been cleared in audits by local regulators after one of its partners was arrested in the United States.
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Publish Date:26/November/2016 | 21:49

Deutsche Bank considering changes to U.S. strategy: sources

EghtesadOnline: Deutsche Bank is studying a possible change of its strategy in the United States, where it is fighting a $14 billion fine the Department of Justice (DoJ) is requiring over the sale of toxic mortgage bonds before the financial crisis, two sources close to the company said on Saturday.
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Publish Date:16/October/2016 | 07:18

Deutsche Bank says derivatives exposure fears overblown: paper

EghtesadOnline: Deutsche Bank 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.
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Publish Date:09/October/2016 | 10:26

Germany's Schaeuble says too much talk on Deutsche Bank

EghtesadOnline: German Finance Minister Wolfgang Schaeuble said on Saturday that there has been too much talk about the fortunes of Deutsche Bank after the U.S. government said it would levy a $14 billion fine on the bank.
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Publish Date:09/October/2016 | 10:03

Deutsche Bank Said Poised to Advance on 1,000 Planned Job Cuts

EghtesadOnline: Deutsche Bank AG is poised to reach an agreement with labor representatives this week that will pave the way for the German lender to eliminate about 1,000 jobs in its home market as part of Chief Executive Officer John Cryan’s cost cuts announced last year, said people with knowledge of the matter.
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Publish Date:03/October/2016 | 06:21

Deutsche Bank races against time to reach U.S. settlement

EghtesadOnline: Deutsche Bank is throwing its energies into reaching a settlement before next month's presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities.
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Publish Date:03/October/2016 | 05:15

Deutsche Bank Charged Over Paschi Accounts as Legal Hits Mount

EghtesadOnline: Deutsche Bank AG was dealt a fresh blow on Saturday when an Italian court charged the company, an employee and five former executives for colluding with Banca Monte dei Paschi di Siena SpA to falsify the Italian lender’s accounts in 2008.
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Publish Date:02/October/2016 | 05:16

Cryan Defends Deutsche Bank as Some Clients Reduce Exposure

EghtesadOnline: Deutsche Bank AG Chief Executive Officer John Cryan rushed to shore up confidence in his beleaguered lender after concern some clients are reducing exposure to the company pushed the shares to record lows.
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Publish Date:01/October/2016 | 08:48

Deutsche Bank to fight $14 billion demand from U.S. authorities

EghtesadOnline: Deutsche Bank said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany's largest lender.
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Publish Date:17/September/2016 | 08:12

Financials drag stocks lower on Deutsche Bank fine risk

EghtesadOnline: The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading major global stock indexes lower.
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Publish Date:17/September/2016 | 08:10

Tesla gets $300 million lease credit line from Deutsche Bank

EghtesadOnline: Tesla Motors Inc said on Wednesday it had entered into an agreement with Deutsche Bank whereby the electric car maker can borrow up to $300 million for its vehicle leasing program, part of a broader effort to bolster the company's finances.
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Publish Date:08/September/2016 | 06:29