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Deutsche swapped billions of euros in securities for cash and government bonds, the sources told Reuters, which count towards its liquidity coverage ratio (LCR). This is meant to determine the extent of a bank's access to ready cash to fund outflows such as depositor withdrawals. The trades caught the attention of European Central Bank (ECB) supervisors, who questioned Germany's largest lender about them during routine exchanges, the sources said. Even without the trades, Deutsche would have far exceeded a 100% LCR regulatory requirement and overshot its own target, the sources said, adding that its liquidity is not a concern. Deutsche's trades helped it raise its LCR to 143% at March 31, its first-quarter earnings report published in April showed.

☆ Buy this shipping giant ahead of earnings next month, Deutsche Bank says
▼ + stars: | 2023-05-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Deutsche Bank thinks FedEx 's quarterly report next month can lead to a big move higher for the stock. FDX YTD mountain FedEx stock in 2023. FedEx is slated to report fiscal fourth-quarter results on June 20. Mehrotra noted that, while he expects quarterly earnings slightly below consensus, the fiscal 2024 guidance will be positive. "Things will get interesting ... when assessing full year 2024 guidance," he said.

Fabrizio Campelli, who oversees Deutsche's investment bank, said it had been looking to grow its business in Britain. Deutsche Bank shares rose as much as 2.5% in early trade before erasing gains. MOVING INAs part of the deal, 35 Deutsche Bank corporate finance employees will move in with more than 300 London-based Numis staff. As part of its strategy, Deutsche Bank - a leading bank in Germany with strong European roots - said earlier this week that it aims to accelerate "growth initiatives" including potential acquisition of portfolios and assets. Britain is the largest investment banking market in Europe and Numis is a diversified investment bank with a UK franchise.

Net profit attributable to shareholders was 1.158 billion euros ($1.28 billion). That compared with profit of 1.060 billion euros a year earlier, and was better than analysts' expectations for a profit drop to around 977 million euros. "We have worked hard to achieve this stability," Deutsche Bank Chief Executive Officer Christian Sewing told employees in a memo. Revenue at the investment bank unit fell 19% to 2.7 billion euros in the first quarter from a year earlier. The investment bank's revenue decrease was countered by gains at the corporate bank and retail bank, which saw 35% and 10% increases.

☆ Deutsche Bank logs 11th straight quarterly profit, reveals job cuts
▼ + stars: | 2023-04-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. The Thursday report nevertheless showed deposits fell over the course of the quarter to 592 billion euros from 621.5 billion euros at the end of 2022. watch nowDeutsche's corporate bank net revenues came in at 2 billion for the quarter, up 35% year-on-year and the highest quarterly figure since the launch of its transformation program. However, the bank also flagged job cuts for non-client facing staff and reported a sharper-than-expected 19% year-on-year fall in investment bank revenues year-on-year. He suggested that, in scrutinizing Deutsche Bank, market participants saw a strong and profitable business model, stable balance sheet and deposit base, a "very moderate" and "well underwritten" commercial real estate book and "no near-term financing needs."

FRANKFURT, April 26 (Reuters) - Deutsche Bank (DBKGn.DE) is undertaking its biggest management shake-up since 2019, the German bank said on Wednesday as it announced the departure of Christiana Riley, who oversaw its U.S. operations. "It is time to focus the management board on the next phase of the bank's growth strategy, which is now more than ever about sustainable profitability, efficiency and effective controls," Wynaendts said. Riley was one of two women on Deutsche's 10-member board, which will now only consist of only nine people - eight men and one woman - in what Deutsche said would be a "leaner" team. Claudio de Sanctis, a Deutsche veteran who has overseen wealth management, will join the board to oversee the retail bank, Deutsche said. And Chief Financial Officer James von Moltke will take on oversight of asset management, which includes its DWS fund management business.

LONDON, April 19 (Reuters) - If a mega Western recession is coming down the pike in the second half of this year, someone should point it out to the junk bond market. The investment herd seems more convinced than ever that recession is on the way amid tightening bank credit after the March bank stress - even if not all the incoming evidence supports that take. More than a third now see the biggest risk ahead as a bank credit crunch and global recession. And that's with junk spreads more than three times higher than quality corporates. U.S. and European junk bond spreads historicallyBank of America survey on investment grade bonds vs junkCOURAGE AND DECOMPRESSIONThere's little doubt than many investors want to steer well clear, for now at least.

☆ This is not another banking crisis, analysts say — it's 'sentiment contagion' instead
▼ + stars: | 2023-03-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

"It was more of a 'sentiment contagion' rather than the true systemic contagion we saw during the global financial crisis. Vanguard economists believe that the damage has been largely contained, thanks to the quick action of federal agencies and other banks," Devereux said. The bank launched a huge restructuring effort in 2019 and has since posted 10 straight quarters of profit. "We've seen a lot of stuff breaking and haven't really been paying attention because it's been outside of regulated capital. For the core, the big cap banks in Europe, I think we're looking at a completely different picture and I wouldn't be concerned."

☆ CNBC Daily Open: SVB deposits and loans find a buyer
▼ + stars: | 2023-03-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By all appearances, First Citizens Bank is a willing buyer of SVB — unlike UBS' forced marriage with Credit Suisse, orchestrated by Swiss regulators. Deutsche Bank is not another Credit Suisse in two key aspects. Deutsche Bank reported a 1.8-billion-euro ($1.98 billion) net profit, giving it an annual net income for 2022 of 5 billion euros. By contrast, Credit Suisse had a fourth-quarter loss of 1.4 billion Swiss francs ($1.51 billion), bringing it to a full-year loss of 7.3 billion Swiss francs.

☆ CNBC Daily Open: Deutsche Bank is not Credit Suisse
▼ + stars: | 2023-03-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Deutsche Bank is the latest bank to suffer a panic-driven sell-off. Deutsche Bank is not another Credit Suisse in two key aspects. By contrast, Credit Suisse had a fourth-quarter loss of 1.4 billion Swiss francs ($1.51 billion), bringing it to a full-year loss of 7.3 billion Swiss francs. On the other hand, Credit Suisse disclosed it had to use "liquidity buffers" in 2022 as the Swiss bank fell below regulatory requirements of liquidity.

☆ Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
▼ + stars: | 2023-03-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

In this article 0H7D-GB Follow your favorite stocks CREATE FREE ACCOUNTA general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Imageswatch nowDeutsche Bank underwent a multibillion euro restructure in recent years aimed at reducing costs and improving profitability. German Chancellor Olaf Scholz told a news conference in Brussels Friday that Deutsche Bank had "thoroughly reorganized and modernized its business model and is a very profitable bank," adding that there is no basis to speculate about its future. 'Just not very scary' Some of the concerns around Deutsche Bank have centered on its U.S. commercial real estate exposures and substantial derivatives book. To be crystal clear - Deutsche is NOT the next Credit Suisse." 'Fresh and intense focus' on liquidity Credit Suisse's collapse boiled down to a combination of three causes, according to JPMorgan.

☆ JPMorgan defends Deutsche Bank stock, says market getting it wrong
▼ + stars: | 2023-03-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

JPMorgan isn't concerned about Deutsche Bank , and investors should focus on the European bank's "solid" fundamentals, analysts from the firm said Friday. Shares of the German lender slid more than 11% on Friday following a spike in the company's credit default swaps Thursday night. Credit default swaps act as a insurance for bondholders in the event of the company defaults. To be sure, there was no clear catalyst for the spike in Deutsche's credit default swaps. DB 1D mountain DB falls JPMorgan, however, is maintaining its overweight rating on Deutsche Bank.

☆ European banks face renewed selling pressure
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +8 min

So people are acting with their feet and continuing to sell bank stocks. ING ECONOMICS TEAM (emailed) "Most European banks are impacted by these events mainly via the more cautious market sentiment. "It seems like post what happened to Credit Suisse last weekend, two things might be at play here. “European banks probably suffered from contagion from what was going on in the US, where the regional banks seem to be under pressure in the rising rate environment. European banks have, in fact, had no fundamental issues whatsoever.

☆ Things are pretty grim in real estate, but that could be a good thing for proptech startups in the long run
▼ + stars: | 2023-03-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Today, we've got stories on Deutsche Bank's tumbling shares, some bad news for Block, and why Gen Z might be in trouble. Of the many casualties of 2022, startups focusing on the real-estate market were some of the biggest. As the real-estate market dried up, thanks to rising interest rates, these companies that were meant to upend the industry through tech and innovation suddenly took a backseat. And while current conditions aren't ideal for proptech startups, that could actually benefit them in the long run. Click here to check out 26 of the hottest proptech startups set to take off in 2023.

☆ Deutsche Bank shares whipsaw after CDS blow-out
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

LONDON/FRANKFURT, March 24 (Reuters) - Deutsche Bank shares (DBKGn.DE) dropped as much as 3.4% in Friday's premarket trade, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe's banks. Deutsche shares, which have lost a fifth of their value so far this month already, were last indicated up 0.9% in premarket trade on the Lang & Schwartz platform. They closed 3.2% lower on Thursday, while the bank's credit default swaps - a form of insurance for bondholders - shot up to 173 basis points from 142 bps the day before, according to data from S&P Market Intelligence on Thursday. This marks the largest one-day rise in Deutsche's CDS on record, according to Refinitiv data. Reporting by Amanda Cooper; Editing by Dhara RanasingheOur Standards: The Thomson Reuters Trust Principles.

☆ Short sellers make $100 mln betting against Deutsche Bank in two weeks-Ortex
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: 1 min

LONDON, March 24 (Reuters) - Short sellers have made a profit of over $100 million on paper betting against Deutsche Bank stock over the last two weeks, financial data company Ortex said on Friday. Ortex said short interest in Deutsche Bank's (DBKGn.DE) European and U.S.-listed shares has doubled over that period to $360 million. Deutsche's German shares were last down 10% to 8.4 euros ($9.03) on Friday as ongoing fears about the health of global banks knocked confidence in Germany's biggest bank. They've lost 24% in value in the past two weeks. ($1 = 0.9298 euros)Reporting by Harry Robertson; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

☆ Deutsche Bank says Charles Schwab liquidity risks are overblown, sticks with buy rating
▼ + stars: | 2023-03-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The liquidity risk fears around Charles Schwab are overblown, according to Deutsche Bank. Charles Schwab shares were hard-hit by the selloff of financial firms' stocks following the SVB failure. Atlantic Equities analyst Josh Heagerty reiterated the minimal liquidity risk for Charles Schwab and the likely downward target to earnings. Charles Schwab shares were up 9.2% before the bell on Tuesday, after falling 11.5% during the previous trading session. SCHW 5D mountain Charles Schwab shares plunged following the failure of SVB —CNBC's Michael Bloom contributed to this report.

☆ European high yield debt looks increasingly vulnerable, Deutsche Bank says
▼ + stars: | 2023-02-27 | by ( Chiara Elisei | ) www.reuters.com time to read: +2 min

LONDON, Feb 27 (Reuters) - European high yield corporate debt is increasingly vulnerable as the global economy slows, suggesting a higher risk of defaults, Deutshe Bank said in a note on Monday. Sales of new high yield bonds got off to a promising start in January, but slowed in February as volatility in interest rate markets weighed, the note said. Nearly 60% of new high yield bond sales came from financials, corporate hybrids - a type of security that has bond and equity features - or fallen angels recently downgraded from investment grade to junk. "Genuine" issuance of lower rated credit was just over 6 billion euros ($6.34 billion). Deutsche said it expected around 55 billion euros in high yield bond supply in 2023, 15 billion euros more than in 2022, and anticipated a marginal increase in merger and acquisition and leveraged buyout activity in the first half of the year.

☆ Bank of America downgrades Deutsche Bank as it struggles to improve profitability
▼ + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to sell shares of Deutsche Bank , according to Bank of America. Analyst Rohith Chandra-Rajan downgraded shares to underperform from neutral, as the European bank deals with challenges around profitability. "We see Deutsche Bank struggling to improve profitability as growth is heavily volume reliant, consuming cost and capital resources. Deutsche Bank shares are outperforming this year. The European bank stock is up more than 8% in 2023, better than the S & P 500's 6% gain.

☆ Deutsche Bank's 'Fresh Money' portfolio beats the market. Here's what's in it
▼ + stars: | 2023-01-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The financial services company should see 20% per-share earnings growth in both 2023 and 2024, according to Deutsche Bank. Deutsche Bank expects its ET5 mid-size sedan to become a top-selling model within six months as supply issues get worked out while demand remains strong. Deutsche's $21 price target implies Nio could rally 97.6% from where it closed Wednesday. The company should see a margin recovery in 2023 as headwinds related inflation and supply chain ease, Deutsche Bank said. Deutsche's price target of $266 implies the stock should gain a relatively modest 1.6% over the next 12 months.

☆ Will 2023 be a better year for the chip sector? Wall Street pros weigh in and share their top picks
▼ + stars: | 2022-12-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

It's been a tough year for the once-booming semiconductor sector. But several Wall Street pros are urging investors to take a longer-term view on the sector, given the importance of the semiconductor chip in several key secular trends. The bank said the next leg of growth for the sector will be led by government spending on renewable energy and carbon neutrality. The bank named Analog Devices , Marvell Technology , Globalfoundries and Microchip Technology among its top stock picks in the chip sector. TSMC in the headlines One chip stock that has consistently been on investors' radars is semiconductor powerhouse Taiwan Semiconductor Manufacturing Company (TSMC).

Higher interest rates are fattening profits from regular banking, while there has been a decline in M&A deals. In both those years, the investment bank made close to 40% of revenue and more than 75% of pre-tax profit. The bank's corporate and retail businesses, meanwhile, stagnated under ultra-low interest rates that lasted longer than expected. Deutsche Bank is under scrutiny for its controls to prevent money laundering, said a person with direct knowledge of the matter. Deutsche Bank has also been under pressure from regulators to rein in its leveraged finance business, where credit is extended to already indebted borrowers.

☆ Deutsche Bank says to buy this 'compelling' medical tech stock it sees surging nearly 40%
▼ + stars: | 2022-12-16 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Cardiovascular device company Shockwave Medical presents a solid growth story over the next few years, according to Deutsche Bank. Analyst Imron Zafar initiated coverage of the medical tech company with a buy rating and a $285 price target. "We regard Shockwave Medical as among the most compelling growth stories across medtech over the next few years," Zafar wrote in a Dec. 16 note. Recession proof Deutsche also sees Shockwave as well-positioned to weather any tough macroeconomic backdrop that may arise in the U.S. in 2023. Deutsche sees these concerns as largely misplaced and forecasts strong top-line momentum for Shockwave even amid prevailing macro headwinds.

LONDON, Dec 16 (Reuters) - The Bank of England looks like it's being outed as the weakest link. The primary reason was that two of the nine-person MPC voted to end the Bank's rate rise campaign right away as the recession the Bank thinks is already underway will get entrenched next year. But with the median economist forecast for the Bank's terminal rate somewhere around 4.25%, markets still seem aggressively positioned for a hawkish surprise and the pound may be more vulnerable to that revision as the winter progresses. Significantly, the implied Fed terminal rate edged higher to 4.9% after its policy setpiece on Wednesday - even if is still below the 5.1% the Fed indicated. Reuters Graphics Reuters GraphicsReuters GraphicsReuters Graphics Reuters GraphicsThe opinions expressed here are those of the author, a columnist for Reuters.

FRANKFURT, Nov 25 (Reuters) - Germany's Deutsche Bank (DBKGn.DE) has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough. "There was evidence of non-German banks in this country taking lending off the table while German banks were going longer-credit during the pandemic, in 2020," he added, again without citing examples. Deutsche Bank has long highlighted a need for Europe to have strong banks to vie with U.S. and Chinese competitors, but the latest rhetoric signals a more aggressive tone. Campelli called for a "concerted approach" by politicians and regulators to support European banks. He said he wanted strong European banks in Germany and pushed back on being a mere U.S. bank.

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