Deutsche Bank

Law360 (March 20, 2018, 9:31 PM EDT) -- Attorneys on both sides of Deutsche Bank National Trust Co.'s suit accusing a Morgan Stanley unit of having put bad loans into a residential mortgage-backed securitization trust urged a New York federal judge on Tuesday to leave the case on pause while trust investors vote on a ...

A former star Deutsche Bank trader has pleaded guilty to rate-rigging in a London court, and now sits in custody to await sentencing later this year. It marks a dramatic fall from grace for Christian Bittar, the 46-year-old with a background in advanced maths who was Deutsche Bank's most profitable trader from 2003 to 2010.

A former director at Deutsche Bank who left the firm in 2014 to join Goldman Sachs is back at the German bank, this time as a managing director. Asif Karmally, an executive director at Goldman Sachs who worked in structured finance sales in the fixed income, currencies, and commodities (FICC) division ...

The worst-case scenario for a looming trade war would be a severe recession, according to Deutsche Bank. Four events have heightened fears: the steel and aluminum tariffs, Gary Cohn's resignation, President Donald Trump's "trade wars are good" tweet and threats of tariffs on China. The most likely ...

"Our projection of a notable inflection in buybacks should provide a significant boost to the demand-supply gap and buybacks alone drive price gains of 12% to around our year-end target of 3000 for the S&P 500," said Binky Chadha, Deutsche Bank's chief global strategist, in a note on Tuesday. But buybacks won't profit all ...

Germany's top lender Deutsche Bank on Friday said it had quadrupled bonus payouts to staff in 2017, despite booking a bigger-than-expected net loss ... Deutsche Bank managers meanwhile again waived their bonuses, as they have been doing since 2015 amid growing criticism of top executives taking ...

FRANKFURT - Deutsche Bank paid bonuses worth 2.3 billion euros (US$2.83 billion) for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed. Germany's flagship lender said on Friday that its top 12 ...

Top managers at Deutsche Bank will forego their annual bonuses, CEO John Cryan said, after coming under fire for awarding big incentive payouts even though Germany's largest bank lost money last year. Cryan was quoted by the Zeit weekly as saying the 12-member executive board would not get ...

Deutsche Bank raised its price target on Keysight Technologies (NYSE: KEYS) to $65.00 (from $60.00) while maintaining a Buy rating. following the company's Investor Day. Analsyt Vijay Bhagavath said the company's core metrics: Top Line, Gross Margins, and Earnings Growth are inflecting. He said ...

Deutsche Bank lowered its price target on Kroger (NYSE: KR) to $25.00 (from $28.00) while maintaining a Hold rating following results. Analyst Shane Higgins notes FY18 EPS outlook fell short of expectations, as the company announced that it will reinvest about two-thirds of the tax reform-related savings ...

Deutsche Bank's annual Media, Telecom and Business Services Conference always provides excellent insight into mobile operator growth strategy, including investment in network infrastructure and growth in service revenues. In the U.S. the competitive carrier landscape is marked by unlimited offerings, ...

The German bank's analysts think Lloyds' 2020 targets imply earnings per share of 8.5p, which would put the bank on 8 times target earnings, against the sector average estimate of 9.6 times. Lloyds branch. They added: “Importantly, the outlook for below-the-line charges is lower (with investment largely ...

Traders at Commonwealth Bank, Deutsche Bank and bond fund giant PIMCO discussed how they could move a key financial benchmark by co-ordinating the accumulation and then dumping of bank bills worth billions of dollars into the market. The exchange between former Commonwealth Bank trader ...

Shares of General Electric, already trading near an eight-year low, may take another hit as steel and aluminum prices rise because of President Donald Trump's tariffs, according to Deutsche Bank. "We believe GE to be among the most at fundamental risk from rapidly rising steel and aluminum prices ...

This was supposed to be the year that Deutsche Bank made up for its non-existent performance bonuses in 2017. However, today is the day that the German bank announced its pay, and a small sample suggests people there are not happy. “On a satisfaction scale of 1-10, I would say I'm a one, if not a zero ...

Global research firm Deutsche Bank has initiated a buy on PSU major State Bank of India with target of Rs 350 per share. The house is of the view that with 5 percent CASA and 70 percent loans floating, the margin trajectory should improve. It expects further pick up in loan growth as we head towards end ...

Despite recent challenges, Selman is optimistic about Deutsche Bank's prospects for snatching back business in this environment. "I see Deutsche Bank's position as one where we want to be the European investment bank of choice in equities," Selman said. "And I think that's something that's very achievable for us.".

Deutsche Bank took the step toward settlement in order to steer clear of extra costs of litigation. Per Troy Gravitt, the bank's spokesman, Deutsche Bank was pleased to settle. The lawsuit was filed in 2011 by investors including the city of Baltimore and Yale University in New Haven, CT, accusing 16 banks ...

New York State's Department of Financial Services last week sent letters to Deutsche Bank, Signature Bank and New York Community Bank requesting loan applications and processes, and information about the institutions' relationships with Kushner and his business assets, a person familiar with the ...

Deutsche Bank (NYSE:DB) has agreed to pay $240M to settle private U.S. antitrust litigation accusing it of conspiring with other banks to manipulate Libor. It's the third bank to resolve claims by so-called "over-the-counter" investors that transacted directly with banks to determine the benchmark. Citigroup ...

"If we want to live up to our claim of being the leading European bank with a global network, we have to invest in our employees so that we can continue to provide the best solutions for our clients," he added. Deutsche Bank said that 705 employees would be paid over €1 million ($1.2 million) in 2017, ...