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STX:DBK, Jul 14, 12:43 UTC

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Friday, July 10


News

Welltower (NYSE:WELL) Target Lowered by Deutsche Bank AG to $60.00

DBK

In a note to investors, the firm issued a new target price of $60.00. The P/E ratio of Welltower is 16.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.11. 6/15/2020 – Welltower was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. 7/10/2020 – Walgreens Boots Alliance had its price target lowered by analysts at Deutsche Bank AG from $43.00 to $38.00.

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Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of BlueCity Holdings Limited

DBK

BlueCity Holdings Limited (Nasdaq: BLCT) is an internet company which provides a variety of services to the global LGBTQ community, including social networking, live streaming, health related and family planning services. "We are pleased to be appointed as depositary bank for BlueCity’s Nasdaq-listed Level III American Depositary Receipt program," said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

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Thursday, July 09


News

Affiliated Managers Group (NYSE:AMG) Target Lowered by Deutsche Bank AG to $81.00

AMG DBK +1 more AMG DBK CME

Affiliated Managers Group stock has undergone multiple analysts rating changes in the recent past. The firm’s 50 day moving average is $70.35 and its 200 day moving average is $75.08.Affiliated Managers Group has a 12 month low of $44.37 and a 12 month high of $92.71. While on yearly highs and lows, Affiliated Managers Group today has traded high as $72.37 and has touched $69.19 on the downward trend. The P/E ratio of Affiliated Managers Group is 18.46, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.41. 5/15/2020 – Affiliated Managers Group had its price target lowered by analysts at Deutsche Bank AG from $67.00 to $64.00.

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Wednesday, July 08


News

BNY Mellon & Deutsche Bank Jointly Develop Digital FX Solution

DBK

The Bank of New York Mellon Corporation BK has developed a new foreign-exchange (FX) solution enabled by application programming interface (API) in collaboration with Deutsche Bank DB. The digital solution is likely to be used for the Indonesian Rupiah and the Indian Rupee next. Eventually, it will be launched in other restricted emerging market currencies, which has equity or fixed-income transactions as its underlying. Jason Vitale, global head of FX at BNY Mellon said, "With this partnership, we are not only seizing an opportunity to alter back-office processing in restricted markets, but more importantly, we are providing front-office users with faster execution and enhanced workflow transparency." David Lynne, APAC head of Fixed Income & Currencies, and Corporate Bank, at Deutsche Bank noted, "This demonstrates our commitment to market leading execution, at a time when investor participation and focus on costs in these markets are increasing. The collaboration between the two organizations leverages our strengths and expertise in emerging markets, custodial FX, as well as digital work-flow and innovation."

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Google, Deutsche Bank Forge 10-Year Cloud Partnership

GOOGL GOOG +1 more GOOGL GOOG DBK

Alphabet Inc.’s Google (GOOGL) has secured a 10-year agreement to provide cloud services to Deutsche Bank AG (DB). According to Bloomberg, Google’s deal will make the German lender a cumulative investment return of $1.1 billion, stating that the two companies plan to make dual investments in technology while also sharing the revenue results. “We’re excited about our strategic partnership and the opportunity for Google Cloud to be helpful to Deutsche Bank and its clients as they grow their business and shape the future of the financial services industry,” said Sundar Pichai, CEO of Alphabet. With Google winning the Deutsche contract after a 3-month bidding process, it added its third bank to the Google Cloud portfolio.

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BNY Mellon, Deutsche Bank Collaborate to Revolutionize Custody FX for Restricted EM Currencies

BK DBK

BNY Mellon, Deutsche Bank Collaborate to Revolutionize Custody FX for Restricted EM Currencies. HONG KONG, July 7, 2020 /PRNewswire/ -- BNY Mellon and Deutsche Bank have jointly developed a new API-enabled foreign-exchange (FX) solution that can dramatically improve confirmation times for restricted emerging-market currency trades. The digital solution, initially being applied to custody FX transactions in Korean Won, aims to reduce the pre-trade lifecycle to seconds from hours, minimizing the operational burden and manual intervention that can be prevalent in emerging-market custody FX. The collaboration between the two organizations leverages our strengths and expertise in emerging markets, custodial FX, as well as digital work-flow and innovation," said David Lynne, APAC Head of Fixed Income & Currencies, and Corporate Bank, at Deutsche Bank. For further information, please contact:.

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Tuesday, July 07


News

Deutsche Bank reaches $150m settlement linked to Jeffrey Epstein

DBK

Deutsche Bank (DBK.DE) has agreed to pay $150m (£119m) over compliance failings in part linked to dealings with Jeffrey Epstein. New York’s Department of Financial Services said in a statement on Tuesday it had imposed the penalty on Deutsche Bank’s New York branch for “significant compliance failures in connection with the Bank’s relationship with Jeffrey Epstein,” the accused child sex trafficker who died in police custody last year. Epstein, who is believed to have been a billionaire, became a client of Deutsche Bank’s in 2013, five years after he pleaded guilty to procuring for prostitution a girl below age 18 in Florida. “Despite knowing Mr. Epstein’s terrible criminal history, the Bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions,” New York’s Superintendent of Financial Services Linda A. Lacewell said in a statement.

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Deutsche Bank to pay $150 million penalty over Jeffrey Epstein, other compliance failures

DBK

Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. Deutsche Bank to pay $150 million penalty over Jeffrey Epstein, other compliance failures. (Reuters) - Deutsche Bank AG has agreed to pay $150 million in penalties to settle charges by a New York state regulator that the bank suffered from "significant" compliance failures in its relationships with the late financier Jeffrey Epstein, Danske Bank Estonia and FBME Bank. The New York State Department of Financial Services said on Tuesday that the agreement marks the first regulatory enforcement action against a financial institution for dealings with Epstein, the registered sex offender who committed suicide last August.

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Google, Deutsche Bank Agree to 10-Year Cloud Partnership

GOOGL GOOG +1 more GOOGL GOOG DBK

(Bloomberg) -- Alphabet Inc.’s Google and Deutsche Bank AG have agreed to form a long-term partnership that will see the U.S. technology company provide cloud computing capabilities to Germany’s largest lender. “The partnership with Google Cloud will be an important driver of our strategic transformation,” Deutsche Bank Chief Executive Officer Christian Sewing said in a joint statement Tuesday, confirming an earlier Bloomberg News report. The contract is set to last at least 10 years and Deutsche Bank expects to make a cumulative return on investment of 1 billion euros ($1.1 billion) through the alliance, according to people with knowledge of the matter, who asked not to be identified disclosing private information. “We’re excited about our strategic partnership and the opportunity for Google Cloud to be helpful to Deutsche Bank and its clients as they grow their business and shape the future of the financial services industry,” Alphabet CEO Sundar Pichai said in the press release.

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Friday, July 03


News

Will Deutsche Bank Come to Wirecard's Rescue? If Only

BLK DBK

(Bloomberg Opinion) -- Deutsche Bank AG is lining up to buy a piece of history — a remnant of scandal-ridden Wirecard AG. It’s not the only one sniffing around. But however many expressions of interest there may be, and however credible the buyers, the proceeds from selling off even the best assets of the German payments company will be tiny relative to the losses incurred. When Wirecard was a stock market darling, investors weren’t piling into the shares because of its Wirecard Bank subsidiary, the piece that potentially interests Deutsche Bank. The group’s loans and bonds are trading at around 17% of face value, suggesting their owners expect to collectively get back around 400 million euros of the 2.3 billion euros they are owed (assuming Wirecard drew down all its revolving credit line in full). It will take several years to adjudicate claims, so the expectation must be that recoveries will be slightly higher — but not much. Aside from the bank, the other asset likely to attract interest is Wirecard’s U.S. business, put up for sale earlier this week.

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