Deutsche Bank boss pay nearly 10m euros

2010-03-16T04:16:04Z

<div><p>Germany's Deutsche Bank said Tuesday its boss's 2009 compensation package was nearly 10 million euros (14 million dollars), but 70 percent of this would depend on future performance.</p><p>Josef Ackermann took home a base payment of 1.3 million euros plus an immediate bonus of 1.6 million. Furth...

Deutsche Bank confirms 2009 net income of $6.9B

2010-03-16T02:30:12Z

<div id="subtitle">Deutsche Bank confirms 09 net income of $6.9 billion; sees 2011 pretax income near $14 billion</div><div><p>Deutsche Bank AG says it made net income of euro5 billion ($6.9 billion) in 2009 and that it expects the banking market to progress slowly toward "a new form of normality" this year and next.</p><p>Deutsche Bank, based in Frank...

Deutsche Bank denies Greek financing questionable

2010-03-06T07:30:05Z

<div><p>FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> on Saturday denied a magazine report that its financing of a Greek trade deal seven years ago was "questionable."</p><p>Germany's D...

BMW to offload UK pension liabilities to Deutsche

2010-02-21T17:15:14Z

<div><p>LONDON (Reuters) - German car maker BMW <BMWG.DE> is set to announce a deal on Monday to offload 3 billion pounds ($4.62 billion) of longevity risks from its UK pension scheme to Deutsche Bank <DBKGn.DE>, the

Top German bank can't add up

2010-02-22T08:13:34Z

&lt;div&gt;&lt;p&gt;Postbank, which has Germany's biggest retail banking network, issued an embarrassing statement on Friday saying that it had miscalculated its fourth quarter loss published a day earlier.&lt;/p&gt;&lt;p&gt;The firm, whose 14 million customers bank through German post offices and which is being taken over by De...

Ritz-Carlton to close 5-diamond Las Vegas hotel

2010-02-22T10:30:41Z

<div><p>NEW YORK (Reuters) - The Ritz-Carlton Hotel Co will close its five-diamond property in Las Vegas this May, after the hotel struggled with a slide in demand and revenue.</p><p>"It's nothing the hotel did. It's a simple lack of bu...

Deutsche Bank makes Q4 profit as trading picks up

2010-02-22T12:00:32Z

<div id="subtitle">Deutsche Bank posts 4th quarter profit, following loss a year earlier, on improved trading</div><div><p>Germany's Deutsche Bank AG said Thursday that tax breaks in the U.S. and stronger trading revenue helped lift its net earnings to euro1.3 billion ($1.8 b...

Switzerland World Economic Forum

2010-01-31T07:01:15Z

Josef Ackermann, Chairman of the Management Board of Deutsche Bank, Germany, speaks during a session 'A Roadmap to Sustainable Recovery' at the World Economic Forum in Davos, Reuters) - Bank of America Merrill Lynch &lt;BAC.N&gt; has appointed Vinit Sahni as head of Asia and EMEA...

JPMorgan in exclusive talks on RBS Sempra: sources

2010-02-22T17:48:47Z

<div><p>LONDON/DUBAI (Reuters) - JPMorgan Chase &lt;JPM.N&gt; is in exclusive talks to buy the RBS Sempra commodities joint venture, people familiar with the matter said on Wednesday, in a deal expected to be worth about $4 billion.</p><p>JPM...

German DAX index climbs above 6,000 points

2010-02-23T08:54:43Z

<div><p>The German Dax index of leading stocks breached the 6,000 point mark on Monday, the first time it has reached the benchmark since September 26, 2008.</p><p>The index opened at 5,977.99 points, a gain of 0.34 percent from the close on Wednesday, before hitting 6,001.38 points in early trade.</p><p>After hovering both above and below that level throughout morning trading, it stood at 6,001.09 points just af...

U.S. probes banks on sale of risky securities: report

2010-02-23T11:33:55Z

<div><p>BANGALORE (Reuters) - U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, BANGALORE (Reuters) - U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, Luxembourg-based investment bank Sal. Oppenheim said Wednesday it had sold its equity trading and derivatives business to the Australian bank Macquarie.</p><p>Oppenheim, which is itself being bought by Deutsche Bank, did not provide financial details but according to the

Luxembourg bank to sell unit to Macquarie

2010-02-23T12:08:40Z

<div><p>The Luxembourg-based investment bank Sal. Oppenheim said Wednesday it had sold its equity trading and derivatives business to the Australian bank Macquarie.</p><p>Oppenheim, which is being taken over by Deutsche Bank, did not provide details on the price of the sale.</p><p>More than 90 Oppen...

Luzemburg bank to sell unit to Macquarie

2010-02-23T12:08:41Z

Sal. Oppenheim selling derivatives unit to Macquarie

2010-02-23T12:09:42Z

Sector Snap: Telecommunications

2010-02-23T14:34:43Z

<div id="subtitle">Telecoms face growing competition next year, Barclays and Deutsche Bank say</div><div><p>Telecommunications companies will face intensifying competition and pressure on prices next year, according to separate reports Thursday from Barclays Capital and Deutsche Bank.</p><p>In a...

International Paper prices offer of $750M in notes

2010-02-23T22:47:10Z

<div id="subtitle">International Paper says it will sell $750M in senior notes due 2039 to pay back debts</div><div><p>Paper and packaging company International Paper Co. said Monday it priced an offering of $750 million in 7.30 percent senior notes due 2039.</p><p>The funds will be used to pay back debt and for other general co...

ONE MESSY BAILOUT

2010-02-24T00:24:50Z

<div><h1>ONE MESSY BAILOUT </h1><p>Neil Barofsky pulled no punches in his Nov. 17 report about the bailout of AIG, and those emerging with a black eye include every major Wall Street bank and the current Treasury Secretary. Barofsky, Special Inspector General for the Trouble Asset Relief Program, focused on the second phase of...

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