Deutsche Bank

Deutsche Bank faces US Justice Department probe over 1MDB

SINGAPORE (July 15): The US Department of Justice (DOJ) is investigating Deutsche Bank as part of a broadened probe of Malaysia’s scandal-plagued 1Malaysia Development Bhd (1MDB) investment fund, according to a person with knowledge of the matter.

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Deutsche Bank cuts 18,000 employees in $11.3 bil 'reinvention'

(July 9): Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro ($11.3 billion) “reinvention” that will lead to yet another annual loss, a plan that knocked its already battered shares.

Germany’s largest lender said on Sunday it will scrap its global equities unit and cut some fixed-income operations in a retreat from a long-held ambition to make its struggling investment bank, with 38,000 staff, a force on Wall Street. Deutsche Bank has almost 91,500 staff around the world.

Former Temasek director Michael Dee calls for forensic accountant to look into Noble

SINGAPORE (Aug 27): Shares in debt-laden commodities supplier Noble Group were up 33.9% in the week before a key vote on its restructuring. The Straits Times Index had gained 1.3% in the same period. Noble’s rebound may have been driven by Deutsche Bank’s offer to buy the company’s senior unsecured bonds at 45% of face value. Noble is currently in default of debt obligations worth US$3.5 billion ($4.8 billion), and in the absence of a successful restructuring will be required to seek insolvency protection or go into liquidation.

Richard Elman says won’t take up directorship at new Noble; Deutsche Bank confirms bid to buy bonds

SINGAPORE (Aug 20): Richard Elman, the founder of Noble Group, will not take up the position as an executive director of the embattled commodities trader after its restructuring.

Elman’s decision not to take up the position as previously announced was due to personal reasons, said the company in a stock exchange filing on Monday, and comes days ahead of a crucial shareholder vote on its planned US$3.5 billion ($4.8 billion) restructuring.

Tide turning in favour of the region's shipping sector, says Deutsche

SINGAPORE (Apr 24): Deutsche Bank is turning positive on Asia Pacific’s shipping sector with the strongest preference for the container sub-segment, followed by tanker and dry bulk.

This comes on the belief that industry conditions have now fundamentally turned, with the peak in deliveries of mega vessels and the recent acceleration of industry consolidation in recent years, which in turn means operators have the potential to achieve stronger price discipline.

Singapore property market may be strong, but how about developer stocks?

SINGAPORE (Apr 18): According to Deutsche Bank, the Singapore property market continues to show strength.

The research house has picked City Developments (CDL) and UOL Group as its top buys.

On Apr 12, Yanlord announced that the group and Hong Kong Land Holdings’ MCL Land have jointly won the tender for the en bloc sale of Tulip Garden with a bid of $906.9 million.

Asia ex-Japan may see a less bountiful 2018 after record year of bond transactions: Debtwire

SINGAPORE (Jan 11): The Asian USD high-yield (HY) bond primary market in 4Q17 was boosted by the resurgence of offshore-issuance approvals from Chinese regulators and a continued appetite for new paper.

This was further driven by near-record low yields for Asian speculative-grade bonds as well as abundant liquidity, according to the latest Asia Pacific (ex-Japan) HY Bonds Issuance Report 2017 from intelligence service provider Debtwire, an Acuris company.

What to look out for in Asian Emerging Markets in 2018: Deutsche

SINGAPORE (Dec 21): Deutsche Bank Wealth Management sees potential for further gains in what it calls “the new emerging Asian equity market” ahead – companies with attractive valuations and could gain from the region’s increased exposure to technology.

Deutsche Bank says Japan's retail investors are behind bitcoin's surge

NEW YORK (Dec 15): It’s not drug dealers and tax cheats, it’s Mrs. Watanabe.

That term is often used to describe the individual Japanese investor, traditionally a housewife who runs her family’s finances. And that’s who behind the surge in bitcoin, according to a Deutsche Bank AG note Thursday.

“We think that retail investors are shifting from leveraged foreign-exchange trading to leveraged cryptocurrency trading,” analysts led by Masao Muraki wrote.

Why blockchain has far more potential than cryptocurrencies for now: Deutsche

SINGAPORE (Dec 7): Cryptocurrencies are a highly speculative and risky investment – although they do have the potential to develop into a new asset class in the future, according to Deutsche Bank Wealth Management, the wealth management unit of German lender Deutsche Bank AG.

Known cryptocurrencies include Bitcoin, Ehtereum, Ripple, Litecoin and IOTA – each with their own currency generating process, and considered scarce commodities as the amount of available currency units is limited by mathematical algorithms.

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