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Deutsche Bank AG

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  • LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.

  • Euro zone bond yields hit new record lows after the European Central Bank unveiled its QE programme- just what the doctor, or at least ECB chief Mario Draghi, ordered. While the composition of a new coalition government may not be quickly known, the prospect of a strong showing for the far-left Syriza party raises the spectre of a clash between Athens on the one hand...

  • Venezuela eyes double-digit yield on Citgo debt sale Friday, 23 Jan 2015 | 11:13 AM ET

    NEW YORK, Jan 23- Venezuela's US oil-refining unit Citgo will probably have to pay double-digit yields to lure investors into a US $2.5 bn financing package aimed at pumping new cash into its state-owned parent PDVSA. With some US $10 bn in debt payments due this year, cash-strapped Venezuela is pledging some of its most valuable assets abroad to raise new cash, as...

  • HOUSTON, Jan 22- Citgo Petroleum confirmed on Thursday its assets are no longer for sale after parent company PDVSA of Venezuela decided to cancel the offering despite receiving several bids, according to Thomson Reuters IFR. The $1 billion senior secured loan being proposed has a rate of Libor +800 basis points and a five-year term, Citgo said in New York,...

  • LONDON, Jan 22- Financial markets are primed for the European Central Bank to launch a quantitative easing programme on Thursday in an attempt to revive the moribund euro zone economy and inflation. If true, these would suggest total purchases of between 500 billion and just over 1 trillion euros. 1 trillion euros will be bullish, " Deutsche Bank co-CEO Anshu Jain...

  • VANCOUVER/ TORONTO, Jan 21- The New Year's rally in gold stocks offers a respite for the beaten-down sector, but it masks deep-seated problems of bloated debt, weak growth prospects and overvalued assets that will emerge when miners post year-end results in coming weeks. Even if bullion's recent rally persists- it is up 9 percent this year to $1,290 an ounce-...

  • NEW YORK, Jan 21- The dollar slipped to a nearly one-week low against the euro on Wednesday before paring losses after reports on the European Central Bank's expected bond-buying program sparked a knee-jerk reaction from traders. The euro, which earlier hit a near one-week high of $1.16800, pared gains and last traded 0.19 percent higher against the dollar at...

  • NEW YORK, Jan 21- The dollar fell against the euro on Wednesday after published reports indicated the European Central Bank has proposed a smaller bond-buying program than expected, while the dollar slipped against the yen after the Bank of Japan left its stimulus program unchanged. The euro hit a nearly one-week high against the dollar of $1.168 after the Wall...

  • Malaysia, a major exporter of liquefied natural gas and oil, is suddenly faced with the risk that the cheapness of oil and other commodities will drive the current account into a deficit. Malaysia already is a net importer of foreign capital. Digging a little deeper, it is easy to understand why credit markets now rank Malaysia the riskiest in Southeast Asia and...

  • MELBOURNE, Jan 19- BHP Billiton Ltd may be forced to slash its planned $4 billion spending this year on U.S. shale wells and book writedowns on its shale assets as it battles plunging prices for its biggest earners iron ore, oil and copper. Other candidates for cuts in its $14.2 billion capital and exploration spending plan could be its longer-dated projects like...

  • Sorry bankers, no swimming pool this year Saturday, 17 Jan 2015 | 5:50 AM ET

    London and Wall Street bankers look set to get slightly lower bonuses for 2014, based on pay details released this week by big U.S. banks.

  • NEW YORK, Jan 16- Goldman Sachs Group Inc stuck with commodities trading while rivals have pulled back, and on Friday the bank felt vindicated. Other banks, including JPMorgan Chase& Co, Morgan Stanley and Deutsche Bank, pulled back from commodities trading, deciding to sell large chunks of their operations in part because of political pressure.

  • What happened to the Swiss franc? Friday, 16 Jan 2015 | 5:37 PM ET

    NEW YORK— One of the world's safest investments— the Swiss franc— has swung wildly this week after the central bank in Switzerland announced it would scrap its policy of limited the rise of the currency. Two brokerage firms in London and New Zealand's have announced huge losses and will have to close. Since 2011, the Swiss National Bank has had a program to keep its...

  • NEW YORK/ LONDON, Jan 16- Gold rose to a four-month high on Friday and was set to increase 4.5 percent for the week, its biggest weekly gain since August 2013, as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the franc. Spot gold was up 1.3 percent at $1,277.16 an ounce at 2:27 p.m. EST, after touching a...

  • LONDON, Jan 16- London and Wall Street bankers look set to get slightly lower bonuses for 2014 than the year before, based on pay details released this week by big U.S. banks and expectations in the industry. Goldman Sachs said on Friday its staff were paid $12.69 billion in compensation and benefits for 2014, up 0.6 percent on 2013. That equated to an average of...

  • NEW YORK, Jan 15- The Federal Home Loan Bank of San Francisco said on Thursday it reached a settlement worth $459 million with certain banks it sued after buying subprime mortgage-backed securities that soured following the housing bust. The banks sued included JP Morgan Chase, Credit Suisse, Morgan Stanley, Countrywide Securities, UBS Group AG, Deutsche Bank...

  • Banks ready to cut forecasts for euro after Swiss move Thursday, 15 Jan 2015 | 1:56 PM ET

    Morgan Stanley, Deutsche Bank and Societe Generale were among those to issue sell recommendations on the euro in the aftermath of a morning of turmoil on markets that generated millions of dollars in losses for some. Nikolaos Sgouropoulous, a G10 FX strategist at Barclays in London, said the British bank would wait until next week's ECB meeting before deciding...

  • LONDON, Jan 15- Investors are now so confident the European Central Bank will unveil a government bond-buying stimulus next week that some contrarian traders are betting on a broad market shock if it doesn't. Some analysts, such as those at JP Morgan, reckon the recent plunge in oil, has led to a collapse of bond yields and the euro that indicate markets are...

  • *Italy launches new 30- year bond to tap yield hunt. LONDON, Jan 15- French and Belgian bonds underperformed their euro zone peers on Thursday after the Swiss National Bank unexpectedly dropped its limit on the franc's exchange rate against the euro, meaning it will buy less euro-denominated debt. Analysts ruled out a more pronounced selloff, saying the SNB move...

  • *Markets rocked as Switzerland abandons three-year-old franc cap. *Copper reclaims some ground, oil on the slide again. LONDON, Jan 15- Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its more than three-year-old cap on the franc sent the currency soaring and Europe's shares and bond yields tumbling.