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- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
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Deutsche Bank Considers Asset-Management Sale
November 22, 2011
"While the bank remains committed to asset management, this review is part of the bank’s continual effort to maintain an optimal business mix and be among the market leaders in each of its businesses.” -- Company Statement.
Silvia Quandt Research analyst Michael Rohr told Dow Jones Newswires that the main reason for the review is to identify “hardly profitable” units, and added, “RREEF (infrastructure funds) frequently suffered from write-offs, and Deutsche’s insurance asset management is a low margin business." Deutsche Bank’s Asset Management. The Division comprises 4 business lines: DWS, infrastructure funds RREEF, Deutsche Insurance A/M, and DB Advisor - the last comprises institutional investors’ advising activities. [Barrons 11/22/11]. For the complete bank statement, go to: Deutsche Bank Business Wire.
