Posted by Reuters: Business News on February 2, 2012
FRANKFURT (Reuters) – Deutsche Bank posted a fourth-quarter pretax loss after investment banking wilted amid the sovereign debt crisis, and as bad investments and litigation charges spoiled Josef Ackermann’s final earnings presentation as chief executive.
Posted by Reuters: Business News on December 19, 2011
MUNICH (Reuters) – Former Deutsche Bank Chairman Rolf Breuer agreed to make a non-penal payment of 350,000 euros ($456,600) to have fraud charges dropped that were brought against him as part of a legal dispute initiated by the late Leo Kirch.
Posted by Reuters: Business News on December 16, 2011
(Reuters) – Fitch Ratings, the third-biggest of the major credit rating agencies, on Thursday downgraded Goldman Sachs, Deutsche Bank and five other large banks based in Europe and the United States, citing “increased challenges” in the financial markets.
Posted by Reuters: Business News on
FRANKFURT/LONDON (Reuters) – Deutsche Bank AG has launched the sale of a large chunk of its global asset management business, with a price tag seen between 2 billion euros ($2.6 billion) and 3 billion, two financial sources familiar with the sale process said on Friday.
Posted by Reuters: Business News on November 15, 2011
FRANKFURT (Reuters) – Paul Achleitner’s move to Deutsche Bank AG’s supervisory board installs a dealmaker with deep connections to the German establishment and defuses a potential conflict with shareholders as well as future co-chiefs Anshu Jain and Juergen Fitschen.
Posted by Reuters: Business News on November 14, 2011
FRANKFURT (Reuters) – Deutsche Bank AG Chief Executive Josef Ackermann’s tenure at the top of Germany’s largest lender will end in 2012 after it emerged on Monday that he withdrew his candidacy to join the supervisory board.
Posted by Reuters: Business News on October 25, 2011
FRANKFURT (Reuters) – Deutsche Bank posted forecast-beating third-quarter pretax profit as retail banking and asset management offset a drop in investment banking which it warned was facing its toughest conditions since 2008 and could lead to more job cuts.
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Posted by The Distressed Debt Report on September 28, 2011
Deutsche Bank sold its subsidiary Deutsche Bank Berkshire Mortgage (DBBM) to a joint venture of Rani…
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Posted by The PIPEs Report on August 30, 2011
Deutsche Bank has given Susanne Mulligan and John Winkler, co-heads of private placements and PIPEs,…
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Posted by Reuters: Business News on August 23, 2011
New York (Reuters) – Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible, the Justice Department said on Monday.
