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Deutsche Bank AG

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  • ZURICH, April 21- Credit Suisse said first-quarter net profit rose 23 percent after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs from 859 million francs last...

  • FRANKFURT, April 20- Deutsche Bank's plan to sell Postbank is unlikely to be the only painful decision facing German retail finance this year. Germany's retail banking market, the most fragmented in Europe, is a low-profit battlefield where layoffs, branch closures and consolidation are unavoidable even after Deutsche scales back its involvement.

  • TAKE A LOOK-Deutsche Bank's overhaul Monday, 20 Apr 2015 | 8:26 AM ET

    Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said. >Deutsche Bank leans towards limited revamp with Postbank sale. >Deutsche Bank restructure a "corporate decision"- government.

  • REUTERS BUSINESS SCHEDULE AT 2000 GMT / 4:00 p.m. ET Sunday, 19 Apr 2015 | 4:50 PM ET

    ATHENS- Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers' gathering two days later, a Greek government official tells Reuters, as Athens and its creditors continue to seek a deal on reforms to unlock aid. BOJ's Kuroda says Japan inflation to' gradually accelerate' toward target. WAYZATA, Minn.- Bank of Japan Governor...

  • FRANKFURT, April 18- Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said. The choice to keep most retail operations and offload only Postbank, which Deutsche bought in steps for about 6 billion...

  • FACTBOX-Deutsche Bank looks to slash retail banking Saturday, 18 Apr 2015 | 8:54 AM ET

    FRANKFURT, April 18- Deutsche Bank will sell Postbank but keep its own-branded retail division under one of two strategic overhaul models currently favoured by management, sources familiar with internal discussions said. This model would see Deutsche Bank broken in two, with all retail activities sold off, and Deutsche abandoning its so-called universal...

  • FRANKFURT, April 17- Deutsche Bank's board has decided to sell its Postbank unit, rather than splitting off all retail operations at Germany's biggest lender, Der Spiegel magazine reported on Friday, without citing sources. The Deutsche Bank branded branch network would therefore remain a part of the company, though there would be branch closures and some...

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • WASHINGTON, April 15- Iraq has decided to issue $5 billion in international bonds and is negotiating the terms, Iraqi Finance Minister Hoshyar Zebari said on Wednesday, one of several measures as it seeks to relieve the pressure of low oil prices on its finances. At a meeting with reporters in Washington, Zebari said Iraq was negotiating with Citigroup Inc's...

  • WASHINGTON, April 15- Iraq has decided to issue $5 billion in international bonds and is negotiating the terms, Iraqi Finance Minister Hoshyar Zebari said on Wednesday, in an effort to relieve the pressure of low oil prices on the government's finances. "We are negotiating with Citibank and Deutsche Bank on that," Zebari said at a meeting with reporters in...

  • ANALYSIS-History shows UK markets shrug off elections Wednesday, 15 Apr 2015 | 3:00 PM ET

    *UK markets around elections: http://link.reuters.com/fen54w. Some investors fear a Conservative-led administration will honour a pledge to call a referendum on European Union membership in 2017. Others dread a left-wing pact between Labour and Scottish nationalists that could slow budget deficit cuts, increase regulation and hasten a re-run of last...

  • A preliminary FDA review of Nesina, or alogliptin, showed a numerical increase in heart failure hospitalizations but not a statistically significant increase. Even so, some analysts expect the FDA to treat all drugs in the class the same way. "We believe the FDA will likely view the risk as likely to be a class effect and apply changes to all approved drugs in the...

  • WASHINGTON— Americans increased their spending on autos, furniture, clothing and building materials in March, lifting retail sales for the first time in four months. Retail sales jumped 0.9 percent last month, after declining 0.5 percent in February, the Commerce Department said Tuesday. At the same time, gas has tumbled to $2.39 a gallon, a $1.30 cheaper than a...

  • Ahead of the Bell: US retail sales Tuesday, 14 Apr 2015 | 6:47 AM ET

    WASHINGTON— The Commerce Department releases retail sales data for March on Tuesday at 8:30 a.m. Eastern. Despite the month-over-month increase, gas costing $2.39 a gallon is almost a $1.30 cheaper than prices a year ago, according to AAA's Daily Fuel Gauge. That should translate into $700 of gasoline savings compared with last year, according to government...

  • Anthony Conti, a onetime senior trader at the Dutch lender based in London and Utrecht, Netherlands, became the second defendant to waive extradition and appear in Manhattan federal court to fight U.S. charges over Libor manipulation. He will face a jury trial on Oct. 5 alongside another ex-Rabobank employee, Anthony Allen, a U.K. citizen who was the bank's former...

  • NEW YORK, April 13- Crude prices added to last week's gains Monday on bets of a slowdown in U.S. oil production, while equities in major world markets drifted ahead of the start of the quarterly earnings season on Wall Street. "We had a big move last week and we're heading into earnings season and we've had a few warning signs last week from a couple of companies where...

  • *Australian dollar hit by shock fall in China exports. Federal Reserve will hike interest rates in the coming months, while the yen edged higher on uncertainty surrounding the Bank of Japan's easing policies. The dollar's strength against the euro was a "spillover" from last week's commentary from the Fed, said Alan Ruskin, global head of currency strategy at...

  • April 9- Deutsche Bank AG, which faces allegations that it tried to rig the Libor benchmark interest rate, could settle with U.S. and British authorities as early as this month, two sources familiar with the matter said. Negotiations also involve the possibility of a Deutsche UK subsidiary pleading guilty, the person said, adding that Deutsche Bank executives...

  • LONDON, April 10- When it comes to forecasting the oil price, big companies play their cards very close to their chests. Analysts from Barclays agreed that because the BG deal brings Shell rich reserves and production outlook in Brazil, it hoped it would prompt the company to slow down or relinquish less competitive assets. "This includes high breakeven projects...

  • April 9- Deutsche Bank AG, which faces allegations that it tried to rig the Libor benchmark interest rate, could settle with U.S. and UK authorities as early as this month, a source familiar with the matter said. New York's Department of Financial Services is also involved in the Deutsche Libor probe, unlike in the case of the other banks. Deutsche Bank already...