Trends - Deutsche Bank - Business Recorder

Deutsche Bank

US stimulus checks could end up in stock markets, bitcoin

Goldman Sachs estimated that with the Biden plan, "households will represent the largest source of demand for US stocks in 2021."

Published 16 Mar, 2021 10:20am

Business & Finance

Deutsche Bank CEO's 46pc pay rise prompts backlash

Bonus pool increased by 29%.
Union critical of bonus increase.
Call centre workers strike over wages.
Bank warns of marginally lower revenue in 2021.
Some CEOs at European rivals took pay cuts.

Published 12 Mar, 2021 07:26pm

Business & Finance

Deutsche Bank nominates retiring VW CFO to board

Frank Witter, who retires from VW in June, has banking experience as the head of the carmaker's banking unit. Shareholders will vote on the nomination in May.
Theodor Weimer, currently the chief executive of the stock exchange operator Deutsche Boerse, has been touted as a possible successor, people familiar with the matter have said.

Updated 11 Mar, 2021 10:04pm

Markets

Deutsche Bank hires Nomura's FIG Australia head Nosek for second innings

Last year, M&A advisory revenue in Australia halved to $1.24 billion, according to Refinitiv data, as activity plummeted with the COVID-19 pandemic hurting investor confidence.

Published 11 Feb, 2021 12:13pm

Markets

Taiwan punishes Deutsche Bank, others in currency speculation case

Eugene Tsai, head of the central bank's foreign exchange department, told Reuters that transactions made by the banks in accordance with the rules before Friday had been completed on schedule.

Published 08 Feb, 2021 11:14am

Currency speculation case: Taiwan punishes Deutsche Bank, others

TAIPEI: Taiwan's central bank said on Sunday it had banned Deutsche Bank from trading Taiwan dollar deliverable and...

Published 08 Feb, 2021 03:46am

Markets

Taiwan punishes Deutsche Bank, others in currency speculation case

The punishments will come into effect on Monday, the central bank added.

Published 07 Feb, 2021 11:59am

Business & Finance

Taiwan punishes foreign banks in speculation case

The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products.
The suspension will be a year or more for the most serious cases, the sources said, without saying the length of time being applied to each bank.

Published 05 Feb, 2021 07:42pm

Business & Finance

Deutsche Bank posts first annual net profit since 2014

Net profit for 2020 reached 113 million euros, while for the fourth quarter of the year, net earnings came in at 51 million euros.

Published 04 Feb, 2021 06:06pm

Markets

Deutsche Bank posts first annual net profit since 2014: statement

Net profit for 2020 reached 113 million euros, while for the fourth quarter of the year, net earnings came in at 51 million euros.

Published 04 Feb, 2021 12:29pm

Business & Finance

Deutsche Bank swings to net profit in 2020, its first since 2014

Analysts had expected a loss of around 300 million euros for 2020.

Published 04 Feb, 2021 12:27pm

Business & Finance

Staff on strike at Deutsche Bank call centre in for the long haul

About 650 staff in Berlin and Essen have been on an open-ended strike since Saturday as they seek a 6% pay increase, in a significant escalation of a months-long labour dispute.
The employees are among the lowest-paid at the German bank, with starting wages of around 12 euros ($14.45) an hour.

Published 02 Feb, 2021 05:55pm

Markets

Greece launches new 10-year bond issue

Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank were appointed to jointly lead manage the issue.

Published 27 Jan, 2021 03:11pm

Markets

Greece mandates investment banks for new 10-year bond issue

The syndicated transaction will be launched in the near future, subject to market conditions.
It wants to reduce a debt-to-GDP ratio estimated at 208.9% in 2020 and preserve an adequate cash buffer.

Published 26 Jan, 2021 08:07pm

Business & Finance

Fitch revises Deutsche Bank rating outlook to positive from negative

Fitch has had most pessimistic view on Deutsche.
Cites progress on restructuring.
Still sees cost and revenue challenges.

Published 25 Jan, 2021 07:09pm

Markets

A ‘buy’ is just a tap away: stock market dabblers drive trading boom into 2021

LONDON: A 1000% jump in the penny stock of a company with no staff and a high school investing club that doubled its...

Published 25 Jan, 2021 04:23am

Business & Finance

Business as usual for EU banks in 'open' London, says Bank of England

Britain is keen to maintain the City of London's attractiveness as a global financial centre after full access to the EU, hitherto its biggest customer, ended last month.
Overall, the Prudential Regulation Authority's (PRA) approach to the supervision of international banks remains stable and consistent following the UK's withdrawal from the EU.

Published 11 Jan, 2021 06:26pm

Business & Finance

U.S. Treasury yields 2020 drop makes way for slow grind back in 2021

Prices for gold, which often struggles to compete with yield-bearing investments, are up about 24% year-to-date, its best year in a decade.

Published 31 Dec, 2020 03:55am

Business & Finance

Deutsche Bank secures China fund custody licence

Deutsche Bank follows Citigroup, which became the first U.S. bank to receive a fund custody licence in September.

Published 10 Dec, 2020 05:47pm

Business & Finance

Deutsche Bank sticks with 2022 profit target, to make deeper cost cuts

Deutsche Bank is aiming to return to profitability after five consecutive years of losses totalling more than 15 billion euros ($18.20 billion).

Published 09 Dec, 2020 06:10pm

Business & Finance

Deutsche Bank chief accountant temporarily steps aside amid Wirecard probe

"This step is neither an acknowledgement of wrongdoing by Andreas nor a change of perception on the part of the bank," Deutsche Bank's finance chief James von Moltke wrote in a memo to staff seen by Reuters.

Published 09 Dec, 2020 01:37pm

Business & Finance

Deutsche Bank hikes Asia profitability targets by half

Deutsche Bank, like most other banks, was forced to supply liquidity to corporate customers ailing from the pandemic, some of which eventually went bust.

Published 07 Dec, 2020 04:59pm

Business & Finance

Deutsche Bank sees trade finance at pre-COVID levels by mid-2021

“Since the news that a COVID-19 vaccine might be broadly available in the New Year, our global trade finance outlook has improved,” said Daniel Schmand, Deutsche Bank’s Head of Trade Finance and Lending.

Published 28 Nov, 2020 12:48pm

Business & Finance

Deutsche Bank to close 20pc of domestic branches in coronavirus shift

Philipp Gossow, who oversees the retail banking business in Germany, told Reuters that the reduction to some 400 branches from around 500 currently would occur primarily in urban locations.

Updated 22 Sep, 2020 06:51pm

Business & Finance

DWS launches sale of fund administration unit IKS

IKS is expected to achieve a valuation of between 300 million and 400 million euros in a potential sale.
IKS, with about 2 million customers, has assets under management of more than 100 billion euros and in 2018 announced.

Published 17 Sep, 2020 07:14pm

Business & Finance

Deutsche Bank cuts Russian bonds forecast amid rising tensions

The bank said in a new report that it remained "constructive" on Russian fixed income.
We see severe sanctions escalation as unlikely but the risks.
It revised up its year-end forecast for the government's 10-year bonds yields to 5.75% from 4.75%.

Updated 14 Sep, 2020 08:00pm

Business & Finance

Huge risk provisions push Deutsche Bank into Q2 net loss

The net loss attributable to shareholders was partly down to the group setting aside 761 million euros to meet potential credit losses risks -- more than four times more than during the same period last year.

Published 29 Jul, 2020 05:38pm

Business & Finance

Deutsche Bank still evaluating Wirecard Bank support

Germany's largest bank said last week that it was working with financial watchdog BaFin and Wirecard's insolvency administrator on possible support for Wirecard Bank.
"We all now need transparency and that's the first task to be done," Sewing said at a webcast event organised by Bloomberg News.

Published 07 Jul, 2020 06:19pm

Business & Finance

Deutsche Bank sends note of caution to staff as Germany slowly reopens

The bank, which is undergoing an overhaul after five years of losses, is considering potential cost savings drawn from its experience from the COVID-19 crisis.

Published 09 Jun, 2020 05:45pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	2278.33
USD PKR Interbank Buying / May 24	278.13
USD to Japanese Yen / May 24	157.02
USD to Swiss Franc / May 24	0.91
Pound Sterling to USD / May 24	1.27
Euro to USD / May 24	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 24	75408.09
Tokyo Nikkei / May 24	38646.11
Hang Seng / May 24	18551.66
FTSE 100 / May 24	8304.47
Germany DAX 30 / May 24	18617.22

Item	Value
Petrol/Litre / May 24	273.10
Crude Oil USD/Barrel / May 24	76.87
Karachi Cotton PKR/37.32 KG / May 24	19935
Gold 10 Grams PKR / May 24	205933
Gold Spot USD/Ounce / May 24	2336.82
Diesel/Litre / May 24	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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