Page 9 - Deutsche Bank

Deutsche Bank posts Q3 profit, hikes legal provisions

Bank posted an unexpected net profit of $303 million in the 3rd quarter after a record loss in the year-earlier

Deutsche Bank reportedly mulling partial US retreat to cut costs

Deutsche Bank AG, Germany's biggest bank, is considering options such as scaling back US operations as part of a wider overhaul to lower costs, according to several media reports.A US pullback was already discussed by the supervisory board and would be more likely than a sale of the asset-management business, Sueddeutsche Zeitung reported, citing an undisclosed person familiar with the matter. No decision has been taken, according to the German newspaper. Deutsche Bank doesn't plan a full US retreat, according to Reuters. Renee Calabro, a spokeswoman for Deutsche Bank in New York, declined to comment. CEO John Cryan is under pressure to lower cost further as mounting legal expenses threaten to undermine profitability. While a sell-off in the shares accelerated last month, when the US Justice Department requested $14 billion to settle a probe tied to residential mortgage-backed securities, Cryan has said he doesn't plan to raise capital and expects US authorities to scale back their ini

Deutsche Bank shakes up investment bank to regain lost ground

The bank's share price has almost halved this year, prompting speculation that it could lose some of its top investment bankers

Deutsche Bank as next Lehman Brothers: Far-retched but not unthinkable

Should the bank precipitate a crisis, it's not clear how it would be resolved. It's a European bank, so the Fed's powers would be limited

IMF chief gives Deutsche Bank tough advice, says need deal on US fine

Deutsche is in the middle of a deep overhaul that includes slashing a workforce of around 100,000

Deutsche Bank mismarked 37 deals like Paschi's, says audit

Executives at Deutsche Bank arranged 103 similar deals with a total value of euro 10.5 bn ($11.8 bn) for 30 clients, according to the audit

Sterling tumbles to 31-year low

Sterling dropped to its weakest since 1985, hit by a growing sense that the UK might be heading for a 'hard' Brexit

Deutsche Bank poised to reach pact with union over 1,000 lay-offs

The bank struck an agreement with its works council to eliminate 3,000 full-time positions

Deutsche Bank races against time to reach US settlement

US authorities have demanded a fine of up to $14 billion for mis-selling mortgage-backed securities from the bank

German economy minister slams 'irresponsible' Deutsche Bank

Deutsche Bank has found itself in trouble ever since the US Department of Justice last month demanded a $14 billion fine

Why people have been worrying about Deutsche Bank

Its share price fell to an all-time low last week amid concerns that the bank may lack the capital to service litigation costs

Deutsche Bank races against time to reach US settlement

The threat of such a large fine has pushed Deutsche shares to record lows

Bank's woes put $2 trillion worth bonds beyond ECB's reach

The surge this week in relatively safe sovereign securities left about a third of the Bloomberg Eurozone Sovereign Bond Index ineligible for purchase under the ECB's quantitative-easing program

Deutsche Bank troubles raise fear of global shock

In short, fears that Europe lacks the cohesion to avoid a financial crisis may be enhancing the threat of one

Deutsche Bank shares sink 7% as hedge funds pull money out

The move to sell off the German giant's stock, which affected shares traded in Frankfurt, New York also helped drag down the US markets overall

Deutsche Bank nears $5.4-bn US settlement: AFP

Germany's largest lender said about two weeks ago it would fight a $14 billion demand from the US Department of Justice to settle claims it missold the securities

Deutsche CEO tries to reassure staff as shares plunge

Deutsche shares fell almost 8% to another record low, adding to the sense of crisis around the bank triggered by a $14 billion

Deutsche Bank is the darling of the short-sellers

According to Reuters'data, investors have borrowed 39 mn shares of Deutsche Bank to bet against it - or about 2.8% of the total shares outstanding

Germany denies preparing Deutsche Bank rescue plan

Deutsche is facing a $14 billion fine from the US Department of Justice and concerns over its funding pushed its shares to a record low

Deutsche Bank to fight $14 billion demand from US authorities

The bank has been asked to pay fine over misselling of mortgage-backed securities by the Department of Justice