Qatar unlikely to raise stake in Deutsche Bank (DB) to 25% - Reuters
- Japan's Nikkei posts biggest point gain for fiscal year
- Citi downgrades tech stocks as its flagship indicator signals 'euphoria' levels
- UBS sees 5 warnings signals on semiconductor chip stocks
- 2 reasons why Tesla stock fell on Thursday
- US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says
- AMC Entertainment (AMC) enters into an equity distribution agreement
- Kerrisdale Capital is short Microstrategy (MSTR), long bitcoin
- AMC Entertainment (AMC) Enters $250M ATM Agreement
- Intuitive Machines (LUNR) Files for $300M Share Offering, 160M Share Offering by Selling Stockholders
- Home Depot (HD) to Acquire SRS Distribution for $18.25B EV
Qatar Said to Consider Raising Stake in Deutsche Bank (DB) to 25%
October 7, 2016 12:00 PM EDTQatar said to consider raising stake in Deutsche Bank (NYSE: DB) to 25, according to Bloomberg.
Sheikh Hamad Bin Jassim Bin Jabr Al Thani, former Prime Minister of the Gulf State, and the former Emir of the country, Sheikh Hamad bin Khalifa Al... More
Deutsche Bank (DB) Ratings Affirmed by S&P Amid Regulatory Scrutiny
October 7, 2016 11:49 AM EDTS&P Global Ratings said today that it affirmed its 'BBB+/A-2' counterparty credit ratings on Deutsche Bank AG (NYSE: DB). The outlook is negative.
At the same time, we affirmed the ratings on Deutsche Bank's debt issues and affirmed the counterparty credit ratings on certain related entities.
The rating affirmation reflects our assessment of the amount that Deutsche Bank is likely to pay to settle civil claims brought by the U.S. Department of Justice (DoJ) related to issuance and underwriting of residential mortgage-backed securities (RMBS) in 2005-2007. Deutsche Bank... More
German companies consider taking symbolic stake in Deutsche Bank: source
October 7, 2016 10:36 AM EDTBy Edward Taylor and John O'Donnell
FRANKFURT (Reuters) - Some of Germany's top industrial companies have revived a decades-old network to discuss the possibility of taking a symbolic stake in Deutsche Bank, aiming to help it through its current turmoil, an executive at one of the firms told Reuters.
If such a support plan went ahead, it would mark a reversal of roles from the years of the post-war economic miracle till the 1990s, when Deutsche owned chunks of German industry, coming to the rescue of some that ran into trouble.
The discussions have... More
Qatar won't sell Deutsche Bank shares, might buy more: sources
October 7, 2016 6:27 AM EDTBy Tom Finn and Kathrin Jones
DOHA/FRANKFURT (Reuters) - Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider buying more if the embattled German bank decides to raise capital, sources familiar with Qatari investment policy told Reuters.
Funds controlled by Qatar's former Prime Minister Sheikh Hamad bin Jassim al-Thani bought 6.1 percent of Deutsche in mid-2014 and increased their stake to just under 10 percent, including options, in July this year.
But Germany's biggest bank has been engulfed by a crisis of confidence since... More
UPDATE: Deutsche Bank (DB) Said to Weigh Capital-Raising Options with Banks - Bloomberg
October 6, 2016 5:26 PM EDT(Updated - October 6, 2016 5:32 PM EDT)
Deutsche Bank (NYSE: DB) is holding informal talks with securities firms to explore options including raising capital should legal bills require it, according to Bloomberg, citing people familiar with discussions.
Senior advisers at top Wall Street... More
Two big hedge funds unwind bets against Deutsche in sign of confidence
October 6, 2016 3:04 PM EDTBy Maiya Keidan and Svea Herbst-Bayliss
LONDON/NEW YORK (Reuters) - Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their "short" positions, in a sign of confidence in the stability of the lender.
Germany's biggest bank has been in turmoil since mid-September when it said U.S. authorities were demanding up to $14 billion to settle claims that it missold U.S. mortgage-backed securities before the financial crisis.
Hedge funds can take bets against companies - known as short positions - by borrowing the stock... More