DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Deutsche Bank AG"


12 mentions found


☆ SEC Had a Record Year for Enforcement Actions
  + stars: | 2022-11-15 | by ( Mengqi Sun | Gurbir Grewal | Sec Director Of Enforcement | ) www.wsj.com   time to read: +4 min
The SEC filed 760 enforcement actions in the year ending Sept. 30, up 9% from the year before, according to the agency’s annual enforcement report, which was made public Tuesday. The SEC imposed a total of $6.44 billion in monetary penalties, the highest amount on record and 67% above the previous year. That made it the second-highest year for both the number of awards and dollar amounts of awards issued, the SEC said. PREVIEWThe SEC whistleblower program in August reversed a Trump-era change that would have put a limit on the amount of awards it could provide. The SEC said it was focusing on actions that would deter future violations while encouraging accountability from major institutions.
☆ Cramer's lightning round: BRC Inc is not a buy
  + stars: | 2022-11-15 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
I think it might be a good place to be. Loading chart...McKesson Corp : "I think McKesson is an incredible long-term holding." Loading chart...PoleStar : "It's an interesting spec, but again, another one that's losing money." Loading chart...Vail Resorts Inc : "I think that is an interesting and absolutely excellent way to play the travel situation." Loading chart...Enovix Corp : "Losing a lot of money.
☆ Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls
  + stars: | 2022-11-05 | by ( Patricia Kowsmann | ) www.wsj.com   time to read: +2 min
Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank’s efforts to police dirty-money flows. Deutsche Bank needs to meet deadlines by mid-2023. Costs, however, remain under strain, partly because of how much the bank is spending to boost internal controls. Deutsche Bank also has monitors in place as part of a 2017 settlement with New York state authorities related to “mirror trades,” in which the bank moved $10 billion of Russian client money out of the country. Following Russia’s invasion of Ukraine, Deutsche Bank said it would withdraw from the country.
☆ India says Xiaomi misled Deutsche Bank on 'illegal' royalty payments
  + stars: | 2022-11-04 | by ( Aditya Kalra Munsif Vengattil | Aditya Kalra | Munsif Vengattil | ) www.reuters.com   time to read: +4 min
Xiaomi India did not share the agreement with the bank due to confidentiality reasons, Deutsche told investigators, according to the documents. A spokesperson for Deutsche Bank declined to comment. Qualcomm, in a statement, said under "the license with Qualcomm, Xiaomi India pays royalties on all devices sold in India". In that statement, it said Xiaomi India was an affiliate and one of the Xiaomi Group companies, which entered into a legal agreement with Qualcomm. Indian authorities do not agree with that and say Xiaomi India only acts as a reseller of smartphones that are made by contract manufacturers.
☆ Broken Deal Triggered Currency Losses for Barclays, Deutsche Bank and Citigroup
  + stars: | 2022-11-02 | by ( Ben Dummett | Patricia Kowsmann | ) www.wsj.com   time to read: 1 min
Barclays PLC, Deutsche Bank AG and Citigroup Inc. lost money on currency-hedging products they sold to a client for an acquisition that fell through, the latest example of the damage spread during the worst stretch for deal making in years. Prosus NV, best known as the largest investor in Chinese internet giant Tencent Holdings Ltd., agreed in August 2021 to acquire India’s BillDesk, an online payments platform, for 345 billion rupees, equivalent to about $4.7 billion at the time. To protect the price against swings in the rupee, Prosus bought derivative contracts from the banks that allowed it to lock in the exchange rate ahead of the deal’s closure. Prosus had the flexibility to get rid of the hedge for no fee if the deal didn’t close.
☆ Deutsche Bank eyes 23% cut in emissions tied to oil and gas loans by 2030
  + stars: | 2022-10-21 | by ( Industry Insight | Reuters Professional | Can Sustainable Soya Farming Come Fast Enough To Save The Cerrado | ) www.reuters.com   time to read: +1 min
Companies Deutsche Bank AG FollowLONDON, Oct 21 (Reuters) - Deutsche Bank (DBKGn.DE) said on Friday it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of targets to help it meet its climate commitments. By 2050, the bank said so-called financed emissions tied to the sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%. In the power generation sector, it would target a 69% cut in so-called Scope 1 physical emissions intensity - a measure of emissions per unit of output tied to utilities' direct energy usage - by 2030 and 100% by 2050. In the autos sector, and specifically light duty vehicles, the bank said it aimed to reduce tailpipe emissions intensity by 59% by 2030, and 100% by mid-century. In the steel sector, it aims to reduce Scope 1 and 2 physical emission intensity by 33% by 2030, and 90% by 2050, it said in a statement.
☆ Deutsche Bank cuts investment banking jobs as M&A deals dry up -source
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +3 min
Investment bankers were awash with deals in 2021 but have seen few this year as companies halt buyouts and listings amid volatility in the capital markets, tensions between the United States and China, and the Russia-Ukraine war. A Deutsche bank spokesperson declined to comment. The move is a setback for Deutsche, whose investment bank in recent years recovered from being its problem child to its strongest revenue generator thanks to a pandemic trading boom and the deal-making frenzy. Until recently, senior investment bankers had said they wanted to further expand advisory services. Last year, Germany's largest lender began gingerly hiring new staff at its investment bank.
☆ Deutsche Bank cuts investment banking jobs as M&A deals dry up
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +1 min
Oct 20 (Reuters) - Deutsche Bank AG (DBKGn.DE) has cut staff in origination and advisory segments of its investment banking unit, according to a source familiar with the matter, as a pullback in financing deals compels lenders to rein in costs. Register now for FREE unlimited access to Reuters.com RegisterThe job cuts affected mostly junior bankers, Bloomberg News and the New York Post reported earlier on Thursday. Last month, Wall Street's premier investment bank Goldman Sachs Group Inc said it planned to cut jobs, after pausing the annual practice for two years during the pandemic, a source familiar with the matter told Reuters at the time. read moreA Deutsche bank spokesperson declined to comment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mehnaz Yasmin in Bengaluru and Saeed Azhar in New York; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
☆ Junk-Rated Companies Search for the Right Time to Tap Investors
  + stars: | 2022-10-16 | by ( Nina Trentmann | ) www.wsj.com   time to read: +8 min
While there is limited pressure overall as many businesses refinanced in 2020 and 2021 when funding was cheaper and investor appetite stronger, high-yield companies with immediate financing needs have to find the right time to tap investors, corporate bankers say. Adding loans and revolving-credit facilities, speculative companies have maturities of around $1.47 trillion through 2027, ratings firm Moody’s Investors Service said last week. And the high-yield bond market isn’t closed, it has just become more expensive, bankers said. Movie theater chain AMC Entertainment Holdings Inc. on Friday said that its subsidiary Odeon Finco PLC priced a $400 million bond. Bankers said they have received few calls from triple C-rated companies in recent months looking for maturity extensions.
☆ Deutsche Bank in $26.3 million shareholder settlement over Epstein, Russian oligarch ties
  + stars: | 2022-09-23 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Deutsche Bank is pictured on a company's office in London, Britain July 8, 2019. Sewing has since taking over in 2018 tried to show investors that Deutsche Bank has addressed its internal controls shortfalls. New York's Department of Financial Services fined Deutsche Bank $150 million in July 2020 over its relationships with Epstein and Danske Estonia. Friday's settlement covers Deutsche Bank investors in the United States from March 14, 2017 to Sept. 18, 2020. The case is Karimi v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.
☆ Deutsche Bank in $26.3 mln shareholder settlement over Epstein, Russian oligarch ties
  + stars: | 2022-09-23 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Deutsche Bank is pictured on a company's office in London, Britain July 8, 2019. Sewing has since taking over in 2018 tried to show investors that Deutsche Bank has addressed its internal controls shortfalls. New York's Department of Financial Services fined Deutsche Bank $150 million in July 2020 over its relationships with Epstein and Danske Estonia. Friday's settlement covers Deutsche Bank investors in the United States from March 14, 2017 to Sept. 18, 2020. The case is Karimi v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.
☆ India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Amit DaveBENGALURU, Sept 20 (Reuters) - India's Adani Group has pledged shares worth about $12.5 billion in two cement units, days after the conglomerate controlled by billionaire Gautam Adani completed the purchase of stakes in those businesses from Switzerland's Holcim (HOLN.S). The pledged shares of ACC and Ambuja were worth around 989.46 billion rupees based on Monday's closing prices and accounted for a 57% stake in ACC (ACC.NS) and a 63% stake in Ambuja Cements (ABUJ.NS). (https://bityl.co/EZE6) (https://bityl.co/EZEE)Deutsche Bank AG's Hong Kong branch, which is the agent for the pledged shares in ACC and Ambuja, made the disclosure in filings to India's stock exchanges. Register now for FREE unlimited access to Reuters.com RegisterThe group in May announced the acquisition of Holcim's cement businesses in India for $10.5 billion to become the country's No. read more($1 = 79.7210 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Chris Thomas in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
<< prev 3 next >>
Total: 12