Remerge deutsch

A Deutsche Bank building. REUTERS/Kai Pfaffenbach The ECB has asked Deutsche Bank to calculate the cost of winding down its investment bank. The bank has been privately assessing the potential cost for some time, unrelated to recent CEO change. The calculations are said to be "routine" and don't necessarily signal a pending exit. Germany's biggest lender has been calculating the financial effects of a potential move to quit investment banking for some time, and the move is not related to the switch in Deutsche Bank's top management position last Sunday when retail banking expert Christian Sewing was appointed to replace chief executive John Cryan. The point of the exercise is to estimate how the value of Deutsche Bank's capital market and derivatives business would develop if the bank was to exit abruptly from new business, the source said on condition he not be named because the matter is confidential. Deutsche Bank said it "routinely" calculates the consequences of an … [Read more...] about The ECB wants Deutsche Bank to work out how much it would cost to quit investment banking

Updated 7:04 am CDT, Monday, April 15, 2019 BERLIN (AP) — Germany is pressing Venezuelan authorities to reverse a decision to take German international broadcaster Deutsche Welle's Spanish-language channel off the air. Deutsche Welle said Sunday that the channel had been pulled and urged Venezuelan broadcasting authority Conatel to return it to its cable network. On Monday, German Foreign Ministry spokeswoman Maria Adebahr said the Venezuelan decision was "very regrettable" and noted that freedom of the press and opinion "have a high value for this German government." Conatel did not make any public statement about why it had removed Deutsche Welle's Spanish-language channel from its service. Germany is one of the countries that have recognized opposition leader Juan Guaido as Venezuela's interim president. Last month, the Venezuelan government ordered German ambassador Daniel Kriener to leave the country. … [Read more...] about Germany’s Deutsche Welle TV taken off air in Venezuela

President Donald Trump on Monday rejected a New York Times report that raised questions about multiple Deutsche Bank transactions involving entities controlled by him and his son-in-law Jared Kushner. Trump, in a series of tweets, denied the allegations in early morning tweets, saying he had so much money as a businessman that he did not need banks. He also denied that any of his cash came from Russia. … [Read more...] about Trump: NY Times Report on Deutsche Bank Transactions ‘Phony’

We previously posted about ACE Securities Corp. v. DB Structured Products, Inc., 977 N.Y.S.2d 229, 231 (N.Y.A.D. 1st Dept. Dec. 19, 2013), which is a critical ruling out of New York’s intermediate state appellate court. In that case, the Appellate Court held that under New York law, the statute of limitations on a mortgage buyback claim begins to run when the loan was sold by the correspondent lender. We noted that the decision was extremely significant to originators, sellers and investors in mortgage-backed securities because it makes the statute of limitations an even more formidable barrier to pursuing mortgage put-back claims. We predicted that other courts would take note of the decision and follow suit. Thereafter, federal courts in Lehman XS Trust, Series 2006-4N v. Greenpoint Mortg. Funding, Inc., No, 13-CV-4707, 2014 WL 108523 (S.D.N.Y. Jan. 10, 2014); ACE Sec. Corp. Home Equity Loan Trust, Series 2007-HE3 v. DB Structured Prods., … [Read more...] about Mortgage Loans: Deutsche Bank v. Quicken Loans

On January 22, 2013, the Federal Energy Regulatory Commission (Commission) approved the January 14, 2013 settlement between its Office of Enforcement (Enforcement) and Deutsche Bank Energy Trading LLC (Deutsche Bank) to resolve an Order to Show Cause proceeding and Enforcement’s investigation under Part 1b of the Commission’s regulations, 18 C.F.R. Part 1b (2012), into Deutsche Bank’s conduct in the markets of the California Independent System Operator Corporation (CAISO). Under the settlement, Deutsche Bank stipulates to the facts; neither admits nor denies the violations; agrees to pay a civil penalty of $1.5 million; agrees to disgorge unjust profits of $172,645, plus interest; and agrees to implement improved compliance training and procedures. Enforcement opened a non-public, preliminary investigation of Deutsche Bank following a June 15, 2010 referral by the CAISO Department of Market Monitoring related to Deutsche Bank’s scheduling and trading practices … [Read more...] about FERC News: FERC Approves $1.5 million Deutsche Bank Market Manipulation Settlement