BROWSE BY TOPIC
Stories of Interest
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
- Janney Montgomery Scott CEO Joins FINRA Board of Governors
- SEC Encourages Investors to Do Background Checks on Investor.gov
- The Martin Act: Wall Street Titan Takes Aim at Law That Tripped Him Up
- Bank of America’s Cost-Cutting Drive Pushes Profit to Record
- Larry Fink: Wall Street’s $6 Trillion Man Finally Worth $1Bn
- Activist Investor Wants Barclays Investment Banking Overhaul (Video)
- House Passes Bill to Streamline 'Volcker Rule'
- CEO Charged with Penny Stock Fraud - SEC
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
New Issues Arise for Deutsche Bank
The European Central Bank uncovers risk management issues.
For the past 3 years, shares in Deutsche Bank have been on a downward spiral. After trading as high as $50 a share in January 2014, DB shares hit bottom at $12.75 (on 9/16/16) before running up to $20.46 a share on 1/23/17 – thanks largely to the Trump Bump.
Charged with returning Deutsche Bank to profitability and stability, new CEO John Cryan has been implementing a comprehensive restructuring plan, complete with massive legal settlements, cost cuts, and personnel layoffs. And if that wasn’t enough, Cryan announced earlier this month that the bank would need to raise an additional $8.5 billion in capital – which likely would dilute current shareholders’ positions.
So with all of that, what else could befall Deutsche Bank? Well, on Friday, the European Central Bank issued a negative review on Deutsche Bank’s risk controls. The review by the ECB, which began several months ago, found deficiencies in derivatives and complicated financial bets that raises concerns about how the bank prices contracts ranging from insurance to climate-related securities.
Oh, and did we mention that DB shares were down 2.5% on Friday, 3/17?