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SeekingAlpha.com (Free subscription) | 07/28/2009
Ockham Research submits: "Deutsche Bank, Germany’s biggest bank, says second quarter profit rose 68%, beating estimates. Net income rose $1.55 billion, this is a huge however, the bank has been forced to increase its provision for bad loans to $1.4 billion. Deutsche Bank is posting second straight quarterly profit after reporting its first annual loss in 50 years. Those bad loans provisions...
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Market Watch (Free subscription) | 07/21/2009
HONG KONG (MarketWatch) -- Deutsche Bank AG has dismissed two top executives after an internal investigation into whether the lender put a board member and others under surveillance, The Wall Street Journal reported Tuesday, citing people familiar with the matter. Prosecutors in Frankfurt have opened a preliminary investigation to examine whether Deutsche Bank or its senior officials violated civil...
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FelixSalmon.com (Free subscription) | 07/07/2009
Worldwide Plaza is being sold after all (a previous deal fell through ), and at what looks like a seriously knock-down price: Deutsche Bank AG has agreed to sell Worldwide Plaza, a 1.8 million square-foot skyscraper in New York City, for $600 million to developer George Comfort & Sons and partner RCG Longview… The sale price works out to roughly $330 a square foot. Worldwide Plaza is a very...
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SeekingAlpha.com (Free subscription) | 07/07/2009
Felix Salmon submits: Worldwide Plaza is being sold after all (a previous deal fell through ), and at what looks like a seriously knock-down price: Deutsche Bank AG has agreed to sell Worldwide Plaza, a 1.8 million square-foot skyscraper in New York City, for $600 million to developer George Comfort & Sons and partner RCG Longview… Complete Story »
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Financial24 (Free subscription) | 07/07/2009
July 7 - Deutsche Bank AG has agreed to sell Worldwide Plaza, a 1.8 million square-foot skyscraper in New York City, for $600 million to developer George Comfort&Sons and partner RCG Longview, The Wall Street Journal reported, citing two people fam ...
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Financial24 (Free subscription) | 06/24/2009
Credit Suisse AG and Deutsche Bank AG will pay $1.73 billion in cash and loans to settle a lawsuit by Huntsman Corp. over alleged interference in a failed merger. The banks agreed to pay $316 million each in cash, Huntsman said yesterday. They will ...
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Financial24 (Free subscription) | 06/24/2009
Deutsche Bank AG set a July 15 deadline to accept new bids for Manhattan's Worldwide Plaza office tower after a deal to sell the property fell apart, three people familiar with the plan said. The bank notified potential bidders that the property is ...
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Payment News (Free subscription) | 06/22/2009
Calling itself "a social media payment platform", http://www.oneTXT.com has announced that it has closed $2 million in Series A financing. "Metamorphic Ventures, New York City, led the round, joined by KPG Ventures of San Francisco, and New York Angels Fund. Individual angel investors also participated, including David Hirsch, formerly at Google; Geoffrey Judge, co-founder of 24/7 Real...
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Financial24 (Free subscription) | 06/18/2009
June 18 - ACE Ltd: Says entered 5-year, unsecured letter of credit facility with Deutsche Bank AG, New York Branch - SEC filing Says LOC agreement permits issuance of up to $500 million of letters of credit Says new credit facility sup ...
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Market Watch (Free subscription) | 06/18/2009
NEW YORK (MarketWatch) -- American International Group tapped Morgan Stanley and Deutsche Bank AG to underwrite an initial public offering of its Asian life insurance unit expected to raise $5 billion, according to a press report. The Wall Street Journal reported Thursday AIG plans to list the Asia-wide operation in the region during the first quarter of next year and the most likely venue will be...
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Financial24 (Free subscription) | 06/16/2009
Deutsche Bank AG, Germany's biggest bank, submitted its report on potential data privacy violations, meeting yesterday's deadline. Deutsche Bank supplied a nine-page statement, Gerhard Mueller, a spokesman for the regional council in Darmstadt, whic ...
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Financial24 (Free subscription) | 06/15/2009
UBS AG and Deutsche Bank AG will argue that the city of Milan was aware of fees charged on contracts for derivatives as part of their response to a lawsuit accusing the banks of hiding profits on the sales. The banks will use documents sent to the c ...
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beris | 11/04/2007
We already know, Merrill Lynch ( MER ) is in a free fall for months now. Adding to their losses for the year is today's major decline, over 10%, on fears that it's already troubled mortgage business losses might have actually be worse than worse. Deutsche Bank ( DB ) estimated this morning that the brokerage may write down total of $10 billion for losses on their subprime mess holdings. But hey, to
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