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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Deutsche Bank

Deutsche Bank stories: 26 news summaries

1 - 20 of 26 Stories | 1 2 Next >>

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Goldman Sachs Subpoenaed in Fraud Probe

Senate seeks evidence that banks foresaw mortgage meltdown

Jul 30, 09 6:38 AM CDT
(Newser) - A Senate committee has subpoenaed Goldman Sachs, Deutsche Bank, and other financial institutions as part of an investigation into mortgage-market fraud, sources tell the Wall Street Journal. The probe appears to focus on emails and other internal communications that may show bankers' doubts about the safety of mortgage-backed securities, which... More »

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Congress • Ben Bernanke • Congressional investigations • Goldman Sachs • Deutsche Bank • subpoena • Carl Levin • Senate committees

AIG's Bailout Cash Flowing to Hedge Funds

$52B has paid off
those who bet against the housing market

Mar 18, 09 7:30 AM CDT
(Newser) - The government cash flowing steadily into AIG is going in no small part to pay off hedge funds that bet against the housing market, the Wall Street Journal reports. The hedge funds placed credit default swap bets with other banks—Deutsche Bank and Goldman Sachs are specifically named in documents... More »

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housing market • Goldman Sachs • Deutsche Bank • AIG • subprime crisis • credit default swap

MARKET Open

 Stocks Inch Up After Plunge 


Mar 3, 09 8:48 AM CST
(Newser) - Stocks limped higher at the open today, after a punishing Monday session that left the Dow below 7,000, its worst levels since April 1997. Today the Dow was up 80 points in early trading, the Wall Street Journal reports, while the S&P and Nasdaq added 1.6% and... More »

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stock market • Citigroup • Bank of America • Dow Jones • Deutsche Bank • Nasdaq • S&P 500 • financial crisis

(Newser) - How does one lose almost $2 billion in a matter of months? Look no further than the story of Deutsche Bank’s Boaz Weinstein, the chess master and gambling extraordinaire who made more than $1.5 billion for the firm in just 2 years before losing it all and more,... More »

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gambling • bond trading • Deutsche Bank • chess • financial crisis • credit swaps • interest rates

 Commercial Real-Estate 
 Loans Begin to Sour 

Once a bright spot, commercial paper is looking grim

Jan 8, 09 10:55 AM CST
(Newser) - Commercial real estate is beginning to feel the same pinch as the housing market, with delinquency rates rising in the fourth quarter and forecasts that they could reach the highest point in more than a decade by the end of 2009, reports the Wall Street Journal. Both individual mortgages held... More »

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Deutsche Bank • commercial paper • financial crisis • commercial mortgage


 Trump Sues Lenders 
 for Chicago Tower 

Construction continues amid financial impasse

Nov 8, 08 8:03 AM CST
(Newser) - Donald Trump is suing lenders for a $640 million loan extension on his mostly completed Trump Tower in Chicago, after sales of condos have fallen short, the Wall Street Journal reports. Trump is angling to apply a force majeure provision—normally triggered by acts of war or natural disasters—in... More »

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Chicago • Donald Trump • Deutsche Bank • lawsuit • loan

As Oligarchs Lose Billions, Kremlin Steps In

Russia bails out first businessman, but more trouble looms

Oct 29, 08 7:11 AM CDT
(Newser) - The Kremlin is allowing an individual businessman to tap into a $50 billion rescue fund, reports the Wall Street Journal, signaling a shake-up of the relationship between the Russian government and the country's oligarchs. Mikhail Fridman, whose creditors declared him in default on a $2 billion loan from Deutsche Bank,... More »

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Vladimir Putin • Oleg Deripaska • Deutsche Bank • bailout • financial crisis • Russian oligarchs

Tough German Bailout Caps Bank Salaries

Bonuses, dividends
also nixed for
troubled firms' execs

Oct 20, 08 4:48 AM CDT
(Newser) - The German cabinet approved the terms of a $645 billion bailout plan today—which includes a salary cap for top bank managers. Banks who take part in the bailout must cap managers' salaries at about $670,000 and withhold bonuses and dividends. Some of Germany's top banks have said they... More »

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Germany • Deutsche Bank • liquidity • bonuses • mortgage backed securities • salary cap • bailout

 Bankers to 
 Reap $70B 
 Despite Crash 

Economy's woes
don't put stop to
Wall Street bonuses

Oct 18, 08 7:05 PM CDT
(Newser) - Wall Street’s top banks are set to pay their financial workers more than $70 billion in salary and bonuses this year—a tenth of the $700 billion in taxpayer money committed to the bailout—despite the huge drops in share price and cash shortages they are experiencing, the More »

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Wall Street • Morgan Stanley • Deutsche Bank • bonuses • banking industry • financial crisis

 Banks Lead Europe 
 Market Plunge 

EU leaders' disagreements sow fear

Oct 6, 08 4:36 AM CDT
(Newser) - Financial stocks led sharp declines across European markets this morning after the continent's finance ministers failed to agree on a joint effort to stem the crisis. By 10 a.m. in London the FTSE was down 5.2%, with troubled banking giant HBOS plummeting 15%. In Frankfurt the Dax was... More »

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Deutsche Bank • UBS • European markets • FTSE • CAC 40 • DAX • Societe Generale • HBOS • financial crisis

MARKETS

 Global Stocks Surge 
 on Credit-Market Moves 

New Treasury plans also boost market

Sep 19, 08 4:33 AM CDT
(Newser) - World stocks jumped today on government measures to stop the credit-market meltdown and news that the US and the UK were getting tough on short sellers, Bloomberg reports. Deutsche Bank and Credit Suisse climbed 15% after four days of decline in Europe, while Australia’s Macquarie surged 38% after the... More »

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stock market • Credit Suisse • Deutsche Bank • futures market • regulation • short selling • European stocks • HBOS

 10 Banks Form 
 $70B Fund to 
 Stave Off Crash 

Paulson brokers twin public-private liquidity measures

Sep 15, 08 5:27 AM CDT
(Newser) - Ten of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times. All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay... More »

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Wall Street • Citigroup • Bank of America • Barclays • Goldman Sachs • Federal Reserve • Credit Suisse • Henry Paulson • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • funds • Lehman Brothers • liquidity • investment banks • JPMorgan Chase

 3 More Wall Street Firms Agree to Buy Back Securities

Settlement reached after auction-rate securities market collapse

Aug 22, 08 2:23 AM CDT
(Newser) - Merrill Lynch, Goldman Sachs and Deutsche Bank have agreed to a settlement with New York's attorney general and other state regulators to buy back $14.5 billion of now worthless auction-rate securities. The brokerages will also pay $162 million in fines to settle charges that they misled investors into thinking... More »

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Citigroup • Goldman Sachs • Wachovia • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • SEC • Andrew Cuomo • John Thain • auction-rate securities • JPMorgan Chase

 Paramount Loses
 $450M Funding Deal 

The failure is part of a larger trend as liquidity dries up

Jul 15, 08 1:39 PM CDT
(Newser) - A $450-million deal with Deutsche Bank that would have financed up to 30 films for Paramount is off the table, the Financial Times  reports. Perhaps an unlikely casualty of the credit crunch, Paramount walked after a lack of enthusiasm in the market led to terms that were unattractive, persons familiar... More »

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Deutsche Bank • Transformers • Paramount Pictures • liquidity • Star Trek • movie financing • weakening economy • movie industry • investment banks

Earnings REPORTS

Deutsche Bank Posts $220M Loss—First in 5 Years

German bank loses $220M on billions in writedowns

Apr 29, 08 6:41 AM CDT
(Newser) - Deutsche Bank posted its first quarterly loss in 5 years today, reflecting the impact of the credit crisis on its investment banking activities. Germany's largest bank reported a net loss of $220 million and admitted that the short-term outlook for the firm remained highly uncertain. Deutsche also took $4.2... More »

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Germany • Deutsche Bank • credit crisis • quarterly reports • first quarter earnings • financial crisis

No More Expense-Account Hookers for Deutsche Bank

Hotel porn, first-class travel take hit as credit crunch hits home in Germany

Apr 23, 08 5:10 PM CDT
(Newser) - In a sign of just how bad the credit crisis has become, Deutsche Bank has forbidden its employees from using expense accounts to pay for brothel visits and hotel porn, the Independent reports. It's unclear if execs have been seeking relief from subprime woes—the German giant has written down... More »

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Deutsche Bank • credit crisis • brothel • subprime crisis • inappropriate expenses • sex industry

Clear Channel, Buyers Sue Banks Over Soured Deal

Equity firms claim lenders backtracked on financing takeover of broadcast giant

Mar 26, 08 6:02 PM CDT
(Newser) - The two private-equity firms set to buy Clear Channel sued the group of banks they had engaged to fund the deal, the Wall Street Journal reports. Joined by Clear Channel, Bain Capital and Thomas H. Lee Partners accused the consortium—including Citigroup, Deutsche Bank, and Wachovia—of breaching contract by... More »

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private equity • Citigroup • Credit Suisse • Royal Bank of Scotland • mergers and acquisitions • Clear Channel • Bain Capital • Thomas H. Lee Partners • leveraged buyouts • Morgan Stanley • Deutsche Bank

Oil Insanity Pinned to Speculators

Observers call current market 'hysteria' — and 'bubble'

Feb 28, 08 5:54 PM CST
(Newser) - Crude-oil prices have doubled in recent months, a development not linked to fundamental supply and demand—but rather, observers tell Der Spiegel, to rampant speculation among investors looking for a stable buck. The prospect of recession would typically drive prices down, but analysts say a decade-old oil investment rush by... More »

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oil • Persian Gulf • OPEC • ExxonMobil • Morgan Stanley • Deutsche Bank • recession • crude oil • New York Mercantile Exchange • speculation • pension funds • Mercuria • Cushing, Okla. • Oppenheimer & Co.

NY Subpoenas Wall Street Heavies in Subprime Probe

Cuomo looking into firms' risk assessment

Dec 5, 07 10:42 AM CST
(Newser) - Several high-profile Wall Street firms that packaged and sold subprime mortgages have been subpoenaed by New York prosecutors, the Wall Street Journal reports today. Merrill Lynch, Bear Stearns, and Deutsche Bank—among others—will be asked to explain how the offerings were reviewed before they were sold to investors, and... More »

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subprime mortgages • Deutsche Bank • Bear Stearns • Merrill Lynch • Fannie Mae

MARKETS

Financials Drag Dow Down

Good vibes on mortgage deals steady markets

Dec 3, 07 3:38 PM CST
(Newser) - Bad news in the financial sector today meant the first bearish day for the market in five sessions, as Deutsche Bank’s negative prediction for fourth-quarter earnings pushed Morgan Stanley, Merrill Lynch, and Lehman Brothers downward. The Dow fell 57.15 to 13,314.57, the Nasdaq slid 23.83... More »

MORE ABOUT:
Dow Jones • Henry Paulson • Morgan Stanley • Deutsche Bank • Merrill Lynch • Lehman Brothers • Nasdaq • home builders • S&P 500

1 - 20 of 26 Stories | 1 2 Next >>


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