HNA Group leapfrogged BlackRock after its holding reached 9.92%, worth 3.4 bn euros
Benefits accrued from debt trading & lower legal costs for past misdeeds
Deutsche Bank has dumped some less-profitable customers
Dixit succeeds Alexander von zur Mühlen, who served for seven years as treasurer
The bank is also considering selling retail operations in European countries, including Spain
Cryan had unsuccessfully sought to sell Postbank to avoid tapping shareholders for extra cash
Says these could, by current trends, pip FIIs' flow in domestic markets
Mutual funds (MFs) could emerge as the biggest investors in domestic markets, says Deutsche Bank.It says domestic investors' flow into equities-mostly through MFs-could average Rs 140,000 crore ($20 billion) a year from 2018 to 2020. At their peak (between 2012 and 2014), foreign institutional investors (FIIs) invested an average of $20 bn a year in domestic equities. If the improvement seen in financial savings and equity preference continue, MFs' investments into equities could be higher than peak FII investments in the next few calendar years, say their analysts.At present, financial assets are around 40 per cent of household savings; equities account for less than eight per cent of financial assets. This is a considerable change from 2012, when financial assets were 32 per cent of household savings, while around one per cent of financial savings went into equities."The architecture of financial savings of Indian households is undergoing a structural shift," say Deutsche Bank ...
HNA held 3.04% in Deutsche Bank via vehicle Hainan Jiaoguan Holding Co as of February 15
The bank's shares fell more than 5% in early trading on Thursday
The German banking giant has been fined over alleged money laundering in Russia
The bank announced it had reached the agreement in principle with US authorities on December 23
The investment bank they created remains a power in bond and foreign currency trading worldwide
Italian government has earmarked 20 billion euros ($21 billion) to bolster its ailing lenders
Settling the mortgage-securities case would mean Deutsche Bank has shaken off one legal headache
Russian central bank said it had passed its findings to law enforcement for their assessment of what had happened
One of its units conceded that it misled investors and violated securities laws
The German bank in October agreed to pay $38 million to settle similar litigation over alleged silver price manipulation
According to the global brokerage firm, post the US election, EMFX has seen sell-off, which has also led to some weakening in the rupee
Deutsche Bank would also intensify a major restructuring to counter a deteriorating environment for banking in Europe and elsewhere, Cryan said