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Apr 24 2024
News
Deutsche Bank’s DWS Reports Inflows; Assets Climb to Record High
Deutsche Bank AG ’s investment arm DWS Group posted inflows that pushed assets under management to a record high, as investors increased their allocations in passive products.
Assets under management at the Frankfurt-based firm grew by €45 billion ($48 billion) in the three months through March to €941 billion, marking a rise from €841 billion at the end of the same period last year,
BloombergApr 24 2024
News
Deutsche Bank reports 10% profit rise in first quarter, beating expectations
The Deutsche Bank AG headquarters in the financial district of Frankfurt, Germany, on Thursday, Feb. 1, 2024. Deutsche Bank on Thursday reported 1.275 billion euros ($1.365 billion) in net profit attributable to shareholders in the first quarter, marking a 10% annual increase. Analysts had forecast a result of 1.23 billion euros for the period, according to LSEG data. Revenue rose 1% year-on-
CNBCApr 26 2024
News
Deutsche Bank to be hit by $1.39 bln legal provision related to Postbank takeover
April 26 (Reuters) - Deutsche Bank (DBKGn.DE) on Friday said it expected to be impacted by a legal provision in the second quarter of 2024 after a court indicated it may find claims of certain former Postbank shareholders linked to the unit's takeover valid.
The court's statements will impact Deutsche Bank's estimation of the probability of a future outflow and result in a legal
ReutersApr 18 2024
News
Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi
April 18 (Reuters) - Tesla shares (TSLA.O) fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's increasing focus on its autonomous vehicle products when profit is under pressure. The Elon Musk-led company's shares fell 2.7% to $151.26 after the brokerage downgraded the stock to "Hold" and cut its price target to $123 from $189.
ReutersJun 28 2023
News
Deutsche Bank downgrades Walgreens on worrying outlook for pharmacy stock
Walgreens ' management just flashed a warning sign for the year ahead, and Deutsche Bank thinks investors need to stay on the sidelines on the stock. The bank downgraded the pharmacy stock to hold from buy on Wednesday and lowered its price target to $34 per share price from $46. Deutsche's new forecast implies roughly 19% upside from Tuesday's close. Analyst George Hill said a Tuesday call
CNBCMay 18 2023
News
Deutsche Bank agrees to pay $75m to settle Jeffrey Epstein lawsuit
Deutsche Bank has agreed to pay $75m (£60m) to settle a lawsuit brought by a group of women who accused the German lender of helping facilitate Jeffrey Epstein’s sex trafficking operations.
The settlement is expected to draw a line under legal claims related to Deutsche Bank’s relationship with Epstein, who became a client in 2013 after he was dropped by JP Morgan.
Deutsche Bank
The GuardianMay 18 2023
News
Epstein: Deutsche Bank to pay $75m over sex-trafficking lawsuit
Deutsche Bank has agreed to pay $75m (£60m) to settle a lawsuit that claimed the lender had enabled Jeffrey Epstein's alleged sex trafficking ring.
The case was filed by an unnamed woman who alleged that the banking giant continued to do business with Epstein, despite knowing that his accounts were used to facilitate the abuses.
She also claimed that she was abused by Epstein and
BBC News