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After huge losses and layoffs, Deutsche Bank was fined at sky high prices and fell into crisis again 2016-09-27 11:42:03 |Summary| Recently, the US Department of Justice announced that it would impose a huge fine of US $14 billion on Deutsche Bank for its misconduct in selling mortgage bonds during the financial crisis. In recent years, Deutsche Bank has been in constant trouble, facing lawsuits and regulatory constraints in many parts of the world. According to the financial report of Deutsche Bank, its after tax profit in the second quarter of 2016 was 20 million euros, a sharp decrease of 98% year on year. Compared with before the financial crisis, the share price of Deutsche Bank has dropped by about 90%.
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Deutsche Bank's share price plummets again, and the market worries that it will become the second largest Lehman 2016-09-30 11:14:55 Deutsche Bank is the largest commercial bank in Germany and is also considered as one of the "most systemically important banks in the world", but now it has been nicknamed as the "most systemically dangerous bank in the world". The fear that Deutsche Bank may become "Lehman II" is growing. Read All>> -
Deutsche Bank: will solve a fine of $14 billion by itself 2016-09-28 10:10:02 Deutsche Bank said on the 26th that it would solve the problem of the US judicial department requiring the bank to pay US $14 billion to settle the improper sale of mortgage-backed securities (MBS) without the assistance of the German government. Read All>> -
Why did Deutsche Bank's share price hit a record low? Understand an article 2016-09-27 12:15:13 Why was Deutsche Bank's stock sold off? The main reason is that the market is worried about the serious shortage of capital of Deutsche Bank, and finally has to pass on the losses to investors. This concern peaked last weekend after the news that German Chancellor Merkel ruled out the possibility of state aid to Deutsche Bank. Read All>> -
German media: the German government may pay for the $14 billion fine of Deutsche Bank 2016-09-22 01:15:32 Germany's top financial newspaper, the German Business Daily, said, "German financial officials were shocked and frustrated by the US government's fine of up to 14 billion dollars to German banks. This may eventually lead to the German government paying the bill." Read All>> -
Deutsche Bank's sky high ticket topped the negotiation "tug of war", fear of hurting European banking industry 2016-09-21 06:58:30 From the current situation, the negotiation between Deutsche Bank and the US Department of Justice will continue for some time. It is too early to discuss the scale of settlement funds. The US Department of Justice only gave a plan for starting negotiations, and the Department of Justice also asked Deutsche Bank to submit an opposition plan next. So the negotiation between Deutsche Bank and the US Department of Justice is just beginning. Read All>> -
Deutsche Bank was fined $1.9 billion three years ago with a US $14 billion fine 2016-09-17 13:30:20 This year, Deutsche Bank set aside a $6.2 billion dispute penalty reserve, which is less than half of the $14 billion fine of the US Department of Justice. In addition, Deutsche Bank was also accused of "manipulating foreign exchange", "operating precious metal transactions", "using mirror transactions to help Russia launder 10 billion dollars" and other acts. Read All>> -
14 billion fines triggered capital increase concerns, and the sharp fall of Deutsche Bank dragged down bank shares 2016-09-17 04:36:44 This year is not a good year for Deutsche Bank: the company's net profit fell 60% in the first quarter, and fell 98% in the second quarter. The share price has also declined all the way, falling by about 40%. In the middle of June this year, it once hit the lowest level since the 1980s. Read All>> -
Bad luck for Deutsche Bank: US "offered" 14 billion for reconciliation 2016-09-16 15:24:51 Deutsche Bank confirmed on the 15th that the US Department of Justice and other regulatory agencies are seeking the bank to pay 14 billion dollars in compensation to settle the investigation of its illegal financial activities before the 2008 financial crisis. If it comes true, this number will be the highest fine ever issued by the United States to foreign banks in the United States. Read All>> -
Not afraid of performance pressure, the "slimming" strategic restructuring of Deutsche Bank accelerates 2016-09-27 12:07:38 On July 27, the performance report for the second quarter of 2016 released by Deutsche Bank showed that the group's net profit decreased by 98% year on year and its operating revenue decreased by 20% year on year. For such performance, Deutsche Bank believes that it has something to do with the current Brexit, the continuous low interest rate policy in Europe and the implementation of Deutsche Bank's own downsizing development strategy. Read All>> -
Foreign media: Deutsche Bank or the investment bank management after the restructuring announced this week at the earliest 2016-09-27 12:11:45 Under the increasing pressure of shareholders for reform, Deutsche Bank announced in October that it would divide investment banks into two parts, one focusing on corporate and investment banking businesses, including traditional mergers and acquisitions and other consulting businesses; The other part focuses on sales and transactions. Read All>> -
Deutsche Bank: Low interest rate makes the banking industry headache and calls for central bank support 2016-09-27 12:12:58 Deutsche Bank CEO Klein said on Wednesday (August 31) that the first half of this year was turbulent for the banking industry; There are too many German banks; We need to carry out more mergers nationwide, but cross-border mergers and acquisitions are also necessary. Read All>> -
Holding together for warmth? Deutsche Bank is considering a merger with Deutsche Bank 2016-09-27 12:13:37 German Manager Magazine reported that Deutsche Bank is studying the possibility of merger with German Commercial Bank. However, at present, the consideration of this scheme is only theoretical and is at a very preliminary stage; The possibility of implementation is considered to be very low within Deutsche Bank. Read All>> -
Co CEO of Deutsche Bank: It may still be difficult to make profits in 2016 2016-09-27 12:09:21 John Crane, co CEO of Deutsche Bank, Germany's largest commercial bank, said on the 16th that the bank may not be profitable in 2016. Affected by this, the bank's share price fell sharply. Read All>> -
Deutsche Bank suffered a huge loss of 6.2 billion euros in the third quarter of 2015, and its share price fell sharply after the hour 2016-09-27 12:02:04 Deutsche Bank unexpectedly announced a huge loss of 6.2 billion euros (about 7 billion dollars) in the third quarter. Significant write downs are the main reason for losses. Higher regulatory requirements on capital, disposal of retail business branch Postal Bank, small write down of equity held by Huaxia Bank, and legal proceedings of 1.2 billion euros led to a significant write down of Deutsche Bank. Read All>> -
Behind the 25 billion sale of Huaxia Bank by Deutsche Bank: huge losses topped 2016-09-27 12:02:49 On December 28, 2015, Deutsche Bank announced that it would sell 19.99% of its shares in Huaxia Bank to PICC Property&Casualty Insurance at a transaction price between 23 billion yuan and 25.7 billion yuan, depending on the level of foreign exchange. It is estimated that after the completion of the transaction, Deutsche Bank will make a profit of about 15 billion yuan in 10 years. Read All>> -
Deutsche Bank announced salary cuts and layoffs, many people will not get a bonus 2016-09-27 12:04:51 John Cryan, the joint CEO of Deutsche Bank, will announce the new strategy of Deutsche Bank this Thursday - cutting bonuses, layoffs, selling assets and trimming the technology platform. Deutsche Bank is expected to lay off tens of thousands of employees in the next two years. It plans to cut 30000 contract workers and 20000 backstage employees in India. Read All>> -
S&P downgrades the rating outlook of Deutsche Bank to negative, saying that the operating environment is challenging 2016-09-27 12:08:11 Standard&Poor's downgraded the rating outlook of Deutsche Bank to negative, saying that its operating environment is quite challenging and may affect the strategy implementation. S&P maintained the BBB+rating of Deutsche Bank unchanged. Read All>>
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Sky high ticket
Strategic restructuring
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