Commercial Connection: SW Fla. market will be slow to turn Nov 20, 2009
According to a recent report on the Commercial Real Estate Outlook by Deutsche Bank, here are some sobering statistics ... This supports the Deutsche Bank projection that small loans are still available from local regional banks. (The News-Press -- Business)
Frankfurt No Longer Bankfurt Nov 20, 2009
Its banking district includes the twin towers of Deutsche Bank, the Euro Tower (home of the European Central Bank), and the headquarters of Commerzbank, designed by Norman Foster (of Berlin Reichstag fame). This 985-foot skyscraper has nine winter gardens spiraling up its core and windows that actually open. (Atlanta Journal-Constitution -- Travel)
Treasury to sell warrants as 3 banks exit bailouts Nov 20, 2009
Treasury is using Deutsche Bank to run the auctions. Share this article. (KGW Northwest NewsChannel 8, OR -- Business)
Yen Trades Near Six-Week High as Global Stock Losses Reduce Risk Demand Nov 20, 2009
These measures are taken to prevent destabilizing effects of capital inflows, but should not be taken as capital controls, said , a currency strategist in Singapore at Deutsche Bank AG. U.S. equities came off last night and that should have some impact on Asian currencies. . (Bloomberg -- Japan)
Holly Real Estate could lose headquarters to foreclosure Nov 20, 2009
SunTrust Bank, TransCapital Bank and Deutsche Bank (as the representative of a mortgage trust) are looking to seize Holly s condos. He said that each lawsuit is against a different partnership that has a different strategy for dealing with the bank. (South Florida Business Journal, FL)
BHF Bank Faces Possible Split After Sal. Oppenheim Sale, Handelsblatt Says Nov 20, 2009
BHFs supervisory board approved a letter from Chairman to Deutsche Bank Chief Financial Officer and head of global wealth, Pierre de Weck, calling on Germanys biggest bank to keep Sal ... Deutsche Bank said on Oct. 28 it plans to buy Sal. (Bloomberg -- Germany)
Amcor to Raise $850 Million by Selling Bonds in U.S. Private Placement Nov 19, 2009
It will also make Amcor the worlds largest supplier of packaging to the pharmaceutical, healthcare and personal care industries, and the biggest supplier for tobacco in Europe, according to Deutsche Bank AG.. Rio sold the unit as part of a non-mining asset disposal to cut debt that ballooned 19-fold after it bought Alcan. (Bloomberg -- Australia & New Zealand)
Sol Melia Plans to Sell 200 Million Euros of Five-Year Convertible Bonds Nov 19, 2009
The sale is underwritten by Calyon and Deutsche Bank AG, which are also managing the sale. Sol Melia will lend 5. (Bloomberg -- Europe)
Kraft loses edge Nov 19, 2009
The source said that among the four investment banks advising Kraft -- Centerview Partners, Citigroup, Deutsche Bank and Lazard -- no one had replaced Wasserstein as a leader ... Deutsche Bank declined to comment ... The source said that among the four investment banks advising Kraft -- Centerview Partners, Citigroup, Deutsche Bank and Lazard -- no one had replaced Wasserstein as a leader. (New York Post -- Business)
Leading Economic Index in U.S. Probably Rose for Seventh Month in October Nov 19, 2009
0 Deutsche Bank Securities --- --- 0. 5% 12. (Bloomberg -- US)
Deutsche Bank to be key player in China's Huaxia Bank Nov 19, 2009
" onclick="Next();" src="/images/butt_next (Channelnewsasia.com)
2 Trump hotel unit owners face foreclosure Nov 19, 2009
Still, Mr. Trump ran into major loan problems of his own last year, when he and a lending syndicate led by Deutsche Bank Trust Co. Americas sued each other over a past-due $640-million construction loan. The two sides signed a truce in March, and Jason Greenblatt, general counsel and executive vice-president of the , says he expects to reach a more formal settlement in the coming weeks. (Crain's Chicago Business)
Deutsche Bank to Spend $120 Million to Become Main Shareholder at Huaxia Nov 19, 2009
Huaxia Bank Rises to 3-Month High as Deutsche Bank Boosts Stake - Bloomberg ... Huaxia Bank Rises to 3-Month High as Deutsche Bank Boosts Stake ... Deutsche Bank, Germanys biggest bank, will spend 81. (Bloomberg -- Germany)
Wells Fargo to repay $1.3 billion to investors Nov 19, 2009
Since 2008, state securities regulators have secured deals with banks including Citigroup, Merrill Lynch, Goldman Sachs, Deutsche Bank, Wachovia, JP Morgan, Morgan Stanley, UBS and TD Ameritrade. The settlements have returned more than $61 billion to investors, the largest return of funds in history, according to the association. (MSNBC -- Business)
/C O R R E C T I O N -- Liberty Media Corporation/ Nov 19, 2009
Nov. 17 /PRNewswire-FirstCall/ -- Liberty Media Corporation (Nasdaq: - , - ) announced it will host a conference call in conjunction with Deutsche Bank, beginning at 12:00 pm (ET) on November 19, 2009. On that call, Starz Entertainment management will discuss Starz Entertainment operations. (Yahoo! Wire -- Entertainment News)
Rusal tests Hong Kong's waters Nov 19, 2009
Joseph Longo is with Deutsche Bank, one of Rusal's financial advisors in previous listing attempts and a major creditor ... But here is how Leung (Ernst & Young), Longo (Deutsche Bank), and Keyes (Morgan Stanley) replied, each with the same wording. (Asia Times Online)
NY Fed 'paid AIG banks too much' Nov 18, 2009
As a result, 16 banks, including Goldman Sachs, Deutsche Bank, Societe Generale and Royal Bank of Scotland, were paid more than $62bn. The initial bail-out "was done with almost no independent consideration of the terms of the transaction or the impact that those terms might have on the future of AIG", the report said. (BBC News -- Americas)
At GM, down looks like up, at least for now Nov 18, 2009
Deutsche Bank auto analyst Rod Lache, who predicted a more than $2. 2 billion loss, had anticipated GM would finish the third quarter with far less money in the bank. (MSNBC -- Business)
Commerzbank Aims to Overtake Deutsche Bank in Wealth Management, Welt Says Nov 18, 2009
Nov. 18 (Bloomberg) -- plans to overtake Deutsche Bank AG as the leading manager of private wealth in Germany, reported, citing , head of Commerzbanks private-banking unit. The takeover of Dresdner Bank has given Commerzbank the size it needs to take on Deutsche Bank, the newspaper said in an e-mailed excerpt of an interview to be published today. (Bloomberg -- Germany)
Computer security co. Fortinet plans IPO this week Nov 18, 2009
The IPO's underwriters, Morgan Stanley, JPMorgan, and Deutsche Bank, have the option to buy up to 1. 9 million additional shares to cover overallotments. (Yahoo News -- Technology)
TM acquiring TM Global securities Nov 18, 2009
The joint dealer managers are Deutsche Bank AG, Singapore Branch and The Hongkong and Shanghai Banking Corp Ltd.. Funds for the acquisition and cancellation of the securities will come from a combination of TMs cash reserves and existing ringgit financing facilities, the statement said. (The Star Online, Malaysia -- Business)
Potential Dodd Senate Challenger Calls for Geithner Resignation Over AIG Nov 18, 2009
Banks, including Societe Generale SA, and Deutsche Bank AG, received the full value on credit-default swaps purchased from New York-based AIG to protect against declines in mortgage-linked investments. The policy decisions came with a cost -- they led directly to a negotiating strategy with the counterparties that even then-New York Fed President Geithner acknowledged had little likelihood of success, the TARP special inspector general, , said in the report. (Bloomberg -- US)
NY Fed Failed to Negotiate AIG Concessions Nov 17, 2009
This resulted in the New York Fed paying full market value for assets underlying credit default swaps written by AIG to banks such as Goldman Sachs , Societe Generale , Merrill Lynch and Deutsche Bank , the report said. "The refusal of the FRBNY and the Federal Reserve to use their considerable leverage as the primary regulators for several of the counterparties, including the emphasis that their participation in the negotiations was purely 'voluntary' made the possibility of obtaining... (ABC News -- Wire)
CapitaLand Raises $1.79 Billion Selling Shares in CapitaMalls Asia Unit Nov 17, 2009
Banks that helped arrange the sale include JPMorgan Chase & Co., DBS Group Holdings Ltd., Credit Suisse Group AG and Deutsche Bank AG, and the stock should list on Nov. 25, the prospectus said. To contact the reporter on this story: in Hong Kong at in Singapore at. (Bloomberg -- Asia)
Fed AIG Rescue Faulted by Watchdog for Limited Effort on Bank Concessions Nov 17, 2009
1 billion in protection from AIG clients including Societe Generale SA, Goldman Sachs Group Inc. and Deutsche Bank AG, said , special inspector for the Troubled Asset Relief Program, in a report released yesterday. The Fed made several policy decisions that severely limited its ability to obtain concessions, including telling the banks that participation in talks was voluntary, Barofsky said. (Bloomberg -- US)
WATCHDOG: Fed's AIG Bailout Strategy Flawed Nov 17, 2009
5 billion in payments, Goldman Sachs $14 billion, Deutsche Bank $8. 5 billion, and Merrill Lynch received $6. (ABC News)
Read the 'Cost of Freedom' recap Nov 17, 2009
Mike Ozanian: Deutsche Bank (). Victoria Barret: Apple (). (Fox News)
Will Investors Find Safe Haven With Network Security Company? Nov 17, 2009
com Lead underwriters: Morgan Stanley, JPMorgan and Deutsche Bank Offering price: $9-$11 Expected date: week of Nov. 16 Ticker: FTNT THE BUZZ Security software has definitely been a bright spot in the market. Such old standbys as McAfee and. (Investors Business Daily)
Yield Spread Narrows After Temasek's Second Dollar Bond Sale in Two Months Nov 17, 2009
The spread shrank to 110 basis points as of 10:05 a.m. in Singapore, Deutsche Bank AG prices show. Chief Executive has said they want to create a benchmark curve for Temasek as a barometer for risk, , who helps oversee about $20 billion of assets at DBS Asset Management in Singapore, said in a phone interview. (Bloomberg -- Asia)
Green energy Nov 16, 2009
Paven Sukhdev, a career banker for Deutsche Bank who now works on the issue for the UN and EU, argues that at least 65% of reductions must be made within developed countries. That means firms such as AEP may still be limited in how much they can invest in projects abroad. (BBC News -- Americas)
UBS Debt Trading, Cause of Near Collapse, Is Key for Bank's Profit Revival Nov 16, 2009
The bank hired , 46, who previously worked for Deutsche Bank, in May as global head of credit trading. By August, UBS had than 20 senior bankers at the debt unit from competitors including New York- based Goldman Sachs. (Bloomberg -- Europe)
Bayer, Novartis, Sanofi-Aventis Rated `Buy' in New Deutsche Bank Coverage Nov 16, 2009
Bayer, Novartis, Sanofi-Aventis Rated New Buy at Deutsche Bank - Bloomberg ... Bayer, Novartis, Sanofi-Aventis Rated New Buy at Deutsche Bank ... Nov. 16 (Bloomberg) -- Bayer AG, Germanys largest drugmaker, Novartis AG and Sanofi-Aventis SA were rated buy in new coverage at Deutsche Bank AG, which said each of which has the potential for material forecast upgrades. (Bloomberg -- Germany)
Taiwan Exchange Probing Whether Chi Mei Misled Investors Over Innolux Deal Nov 16, 2009
It was a bit unfortunate that there was a specific denial when Thursdays and Fridays gains show there was someone in the market who knew, said , who today upgraded Chi Mei to buy from hold at Deutsche Bank AG in Taipei. The deal was reached on Nov. 12 after six months of talks, said Chi Mei Chairman Liao Nov. 14. (Bloomberg -- Asia)
BrisConnections ending investor furore Nov 15, 2009
A consortium including Macquarie Group, Deutsche Bank and Leighton Holdings, BrisConnections won the right to build the tollway in May 2008. Stapled units were then sold in an initial public offering in July 2008, with investors paying the first of three $1 instalments at the time, with two further instalments due in April 2008, then in January 2010. (Sydney Morning Herald -- Business)
Foreclosure sales for Nov. 16-20, 2009 Nov 15, 2009
Deutsche Bank National Trust Co. v. Anthony Marrero, et al, 1144 Second St., Orange City, single-family residence ... Deutsche Bank National Trust Co. v. Ronald J. Schukay, et al, 2760 Brierdale Drive, Deltona, single-family residence ... Deutsche Bank National Trust Co. v. Steven C. Gibson, et al, 1011 Beulah Drive, Edgewater, single-family residence. (Daytona Beach News Journal -- Business)
Top US, European banks set aside $300 bn for staff pay, bonuses Nov 15, 2009
Moreover, Deutsche Bank provision for employee pay and bonuses were $13. 2 billion and Barclays' $7. (India Times)
US stocks advance Nov 15, 2009
Bill Dreher, an analyst with Deutsche Bank AG projected a 34 basis-point improvement. A basis point is equivalent to 0. (Sydney Morning Herald -- Business)
Deeds recorded Oct. 26-30, 2009 in Volusia Nov 15, 2009
Deutsche Bank National Trust Co., Morgan Stanley Home Equity Loan Trust 2006 3, Barclays Capital Real Estate Inc. and Homeq Servicing to Stephen Andor, lot 49, Timbercrest, $115,000 ... Deutsche Bank National Trust Co., Fremont Home Loan Trust Series 2006 3 and Wells Fargo Bank to Robert Wenzel, lots 10692-10694, block 342, Florida Shores, $141,000 ... Deutsche Bank National Trust Co., FBR Securitization Trust 2005 5 and JPMorgan Chase Bank to Joseph Wayne Collins, parcel 26, part of lot 138,... (Daytona Beach News Journal -- Business)
Big profit from nature protection Nov 14, 2009
"We have now evaluated 1,100 studies ranging across different countries and different ecosystem services," said study leader Pavan Sukhdev, a Deutsche Bank economist. "And we find that with protected areas, for example, no matter how you slice the figures up you come up with a ratio of benefits to costs that's between 25-to-one and 100-to-one. "Now we can say quite confidently that there is a solid benefit from investing in protected areas," he told BBC News. Watery worldThe project's initial... (BBC News -- Business)
Youbet.com to Participate on Panels at 2009 Gaming Investment Forum and G2E 2009 Conference Program Nov 14, 2009
com, Inc. (NASDAQ: - ) today announced that President and Chief Executive Officer David Goldberg will be participating on an internet gaming panel at the 2009 Gaming Investment Forum sponsored by Deutsche Bank and UBS on Tuesday, November 17 at the Las Vegas Convention Center in Las Vegas, Nevada. The panel will begin at 12:00 PM Pacific Time. (Yahoo! Wire -- Entertainment News)
Isle of Capri Casinos, Inc. Executive to Speak at Deutsche Bank Gaming Investment Forum Nov 14, 2009
ST. LOUIS, Nov. 13 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (Nasdaq: - ) Chief Financial Officer Dale Black is scheduled to speak at the Deutsche Bank Gaming Investment Forum at The Las Vegas Convention Center on Monday, Nov. 16 at noon Pacific Standard Time. Related Quotes. (Yahoo! Wire -- Entertainment News)
Deutsche Bank on a Jacksonville hiring spree Nov 14, 2009
Deutsche Bank s continued profitability and focus on expanding its work force for more subsidiaries in Jacksonville have made it one of few finance-related companies to hire hundreds of new employees this year, and it may be the only bank to do it again in 2010 ... 8 million in three grants from the city and the state last year, Deutsche Bank stated it would hire 250 new employees by Dec. 31, 2009, and an additional 370 by the end of 2010, according to its application with the Jacksonville... (Jacksonville Business Journal, FL)
Public records for Nov. 12, 2009 Nov 14, 2009
SUITS: Harvest Credit Management VII v. Kathleen A. Walko, other circuit civil; SunTrust Mortgage Inc. v. Jennifer R. Davis, real property; Chase Home Finance LLC v. Justin Seller, real property; Atlantic Credit & Finance Inc. v. Edward S. Durose, other circuit civil; PNC Bank NA v. John B. Cintron, real property; U.S. Bank NA v. Todd Roberts, real property; Citibank NA v. Sean A. Pichelman, real property; Mary Erb v. Bray & Gillespie III Management LLC, other negligence; SunTrust Mortgage Inc.... (Daytona Beach News Journal -- Local)
IMS deal questioned Nov 14, 2009
After Silver Lake walked away, people familiar with the sale said IMS worked with Deutsche Bank to reach out to four or five private-equity firms to determine if TPG's offer was fair ... TPG, Goldman and Deutsche Bank all declined comment ... After Silver Lake walked away, people familiar with the sale said IMS worked with Deutsche Bank to reach out to four or five private-equity firms to determine if TPG's offer was fair. (New York Post -- Business)
US' ex-bankers eye failing banks Nov 14, 2009
BANGALORE: Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit auction process, and getting financial backing from Wall Street firms like Goldman Sachs and Deutsche Bank, a newspaper report said citing sources ... Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit auction process, and getting financial backing from Wall Street firms like Goldman Sachs and Deutsche Bank, a newspaper report said citing sources. (India Times)
Oil drops on demand doubts Nov 14, 2009
Although the US economy is slowly recovering, demand for petroleum products is still not really recovering rapidly,'' Adam Sieminski, the chief energy economist at Deutsche Bank AG in Washington, said on Bloomberg Television. Inventories are huge, particularly for things like heating oil and diesel. (Sydney Morning Herald -- Business)
Prada, Dior, Chanel Sales `Amazing' as Luxury Demand Jumps, Printemps Says Nov 14, 2009
Bought by a group comprising Italian luxury retailer and Deutsche Bank AG in 2006, the store has broadened the range of designer clothing and accessories to attract wealthy visitors. About 20 percent of Printemps revenue, which reached 1 billion euros last year, comes from shoppers outside of the European Union, De Cesare said. (Bloomberg -- Europe)
Skydance to co-finance Paramount pics Nov 13, 2009
Paramount walked away from a $450 million slate deal with Deutsche Bank in 2008 because it found deal points in an unstable credit market to be unsatisfactory. The credit crunch has made new slate funding deals scarce, which makes Skydance a potentially important partner for Paramount. (Variety)
CNBC: Coke looking for the next real thing Nov 13, 2009
Lauren Torres, of HSBC Securities, and Marc Greenberg, of Deutsche Bank, debate whether Coca-Cola is a buy or sell. CNBC. (MSNBC -- Business)
Pay czar concerned firms could lose talent Nov 13, 2009
Most analysts are skeptical AIG will be able to pay back its billions, many of which went to banks including Goldman Sachs Group Inc. and Deutsche Bank to wind down complex financial deals. AIG "may not be able to pay the whole thing back for a period of time," Feinberg said, "but if we see signs there is repayment of (the bailouts), installments or whatever, I think we're doing our job.". (MSNBC -- Business)
Stocks Fall, Dragging Indexes to Third Weekly Decline as Commodities Slump Nov 13, 2009
Japans biggest maker of liquid-crystal displays was lifted to buy from hold by , an analyst at Deutsche Bank AG.. To contact the reporters for this story: in Tokyo at ; at. (Bloomberg -- Japan)
Burger King franchise owners sue over promotion Nov 13, 2009
But despite that boost, a Deutsche Bank analyst said as much as half of the gain recorded from increased traffic could be lost because customers were spending less when they ordered food. The lawsuit was filed Tuesday in U.S. District Court in Southern Florida. (The Augusta Chronicle)
Stock futures signal rise; A&F, JC Penney eyed Nov 13, 2009
Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc (GS.N) and Deutsche Bank AG (), the Wall Street Journal reported citing sources. Shares of Walt Disney Co (DIS.N) jumped 3. (Yahoo News -- Press Releases)
Former Bankers Look to Buy Failing Banks: Report Nov 13, 2009
(Reuters) - Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG , the Wall Street Journal reported citing sources. JPMorgan Chase former Chief Executive William Harrison, former Wachovia Corp CEO Robert Steele and Herb Boydstun, former CEO of Hibernia Corp were among the banking veterans considering such plans, the paper said citing... (ABC News -- Business)
Dollar General prices IPO at $21 per share Nov 13, 2009
Citi, Goldman, Sachs & Co. and KKR, along with BofA Merrill Lynch and J.P. Morgan, are serving as joint book running managers for the offering, with Barclays Capital, Wells Fargo Securities, Deutsche Bank Securities and HSBC acting as co-managers. Dollar General ranks as one of the nation's largest discount retailers with more than 8,700 stores in 35 states. (Nashville Business Journal, TN)
Chipmakers spearhead bourse advance Nov 12, 2009
Separately, Deutsche Bank raised the chip equipment makers price target from 26 to 28. EDITORS CHOICE. (FT.com -- Markets)
Stuck in neutral? Hardly! Nov 12, 2009
Mr. Johnson, are all these people, including Deutsche Bank, who owns many of these mortgages, incorrect. Please tell us why. (Lodi News Sentinel, CA)
SingTel eyes untapped markets in Africa Nov 12, 2009
These results were not particularly dramatic, but the one area which significantly missed our expectations was Optus: revenues came in below expectations and although margins were stable, it would have been good to have seen some recovery, Deutsche Bank said in a research note. Reuters. (The Star Online, Malaysia -- Business)
Commodities, Stocks Advance on China Economy; Gold Climbs to Record Level Nov 12, 2009
The worlds biggest pork processor was raised to buy from hold at Deutsche Bank AG, which cited a reduction of breeding herd in the U.S. and Canada as well as improving demand from overseas. VIX Gains. (Bloomberg -- Canada)
Microfinance group in CDO scheme Nov 12, 2009
2m CDO with the help of Deutsche Bank. Its affiliates in places such as the Democratic Republic of Congo and Azerbaijan plan to leverage that money up another five times before lending it out in $500 chunks to tiny start-ups and would-be entrepreneurs. (FT.com -- Markets)
Global Banks: A Securities Blanket for Q3 Earnings Nov 12, 2009
Wednesday November 4, 2009. Sngs News November 11, 2009, 5:52PM EST. (BusinessWeek)
61 IIM-C students bag international offers Nov 12, 2009
Some of the other financial biggies who made their presence felt included Nomura, UBS, Credit Suisse, JP Morgan Chase, HSBC Global, Macquarie, Rothschild, Morgan Stanley, Deutsche Bank and Goldman Sachs. Also Read. (India Times)
HCC Insurance Holdings, Inc. Announces Pricing of $300 Million Senior Notes Offering Nov 11, 2009
Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are the Joint Book-Running Managers for the offering, and Citigroup Global Markets Inc., Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc. and RBS Securities Inc. will act as Co-managers for the offering which is expected to close on November 16, 2009. A written prospectus relating to the offering may be obtained by contacting Banc of America Securities LLC at 1-800-294-1322, J.P. Morgan... (Primezone Releases)
Comfort-able with deal Nov 11, 2009
Speaking at the Young Mens'/Womens' Real Estate Association luncheon yesterday, Duncan revealed some insights into the transaction, which involved buying the former Macklowe building with partners RCG Longview and DRA Advisors and obtaining a straight mortgage from the foreclosing lender, Deutsche Bank ... Speaking at the Young Mens'/Womens' Real Estate Association luncheon yesterday, Duncan revealed some insights into the transaction, which involved buying the former Macklowe building with... (New York Post -- News)
Asian Stocks, Currencies Rise on Japan, China Economic Data; Gold Advances Nov 11, 2009
The data were a surprise, said , a senior currency strategist in Tokyo at Deutsche Bank AG. Improving risk appetite may weigh down on the dollar. . (Bloomberg -- Asia)
