Deutsche Bank Ag Stock News

Ex-Barclay''s Chief Jes Staley Reportedly Begged JP Morgan To Keep Epstein As Client JP Morgan was implicated but never prosecuted in Bernie Madoff''s Ponzi scheme after authorities determined that employees at the bank likely knew something was off inside Madoff''s shop - but there was simply nothing to be gained by blowing the whistle. Still, its association with Madoff became a major embarrassment for the bank, and afterward management pledged to be more judicious and discerning. But that didn''t stop the bank from continuing to service unrepentant pedophile Jeffrey Epstein for years after his 2008 conviction of soliciting sex from a minor (a charge that was eventually exposed as woefully inadequate considering the scope of Epstein''s child sex-trafficking operation). But even then, those who knew Epstein must have had at least some nagging doubts, even if they had completely rationalized Epstein''s penchant for traveling with a harem of underage women. Former Barclays CEO Jes Staley is among the Wall Street titans who were dislodged from their perch in the aftermath of Epstein''s subsequent arrest and suicide.

The CDC is making a push for fourth shots for the immuno-compromised.

The CDC is making a push for fourth shots for the immuno-compromised.

Microsoft''s (MSFT) second-quarter results and third-quarter guidance are indications that the digital transformation is still in tact and customers are making "strategic,

The company benefited from high corporate debt issuance over the past two years. Can it keep up the pace?

Client Sues Deutsche Bank For Selling Loss-Making Derivatives It Could "Neither Value Or Understand" Deutsche Bank appears to finally be shaking off its image as "the sick man of Europe". For more than a decade, that image was informed by the recidivist behavior that elicited more than $20 billion in fines, and a series of trading blowups that shook confidence in the acumen of DB''s trading desks. And while DB has notably side-stepped the big market blowups of the last year, most notably the Archegos blowup that saddled Credit Suisse with $5 billion in losses (and that''s not counting the losses of Nomura and other prime brokers that had made the mistake of taking on Archegos as a client), the bank finds itself Tuesday morning embroiled in a $500 million court battle with a Spanish hotel chain that''s insisting DB misled it about the risks of "complex" derivatives trades. According to Bloomberg, which cited documents from the European court where the legal battle is being waged, Spanish hotel chain owner Palladium Group claimed DB had taken advantage of its ignorance to sell the firm currency derivatives that ultimately soured.

"Volatility Is Back": Futures Resume Sliding After Historic Rollercoaster Reversal Following one of the greatest intraday market reversals in history, US index futures resumed their decline led by the Nasdaq, signaling more pain for richly valued technology shares as investors braced for the highly anticipated Fed meeting and a flurry of earnings as geopolitical tensions between Russia and Ukraine persisted. Companies including GE, J&J, Verizon and Microsoft report earnings on Tuesday, as the Fed starts a two-day meeting. As of 7:30am ET, emini S&P futures were down 60 points or 1.36% to 4,343, Nasdaq futures were down 1.88% or 272 points and Dow futures were down 236 points or 0.68%. The VIX was at 33, after swinging between 29 and 39 on Monday; 10Y Treasury yields were unchanged at 1.77% and the dollar gained. US equities swung in a rollercoaster of volatility on Monday as both underlying gauges had erased intraday losses to end the session slightly higher as dip-buyers came in. According to JPM''s trading desk, yesterday''s 5% reversal in the Nasdaq is an uncommon occurrence: "If you exclude March 2020, yesterday was the 7th 5%+ NDX reversal since GFC.

Deutsche Bank is expected to swing to a net loss when it reports fourth-quarter earnings on Thursday amid a slowdown in revenue at its investment bank, based on analysts' consensus estimates.

Deutsche Bank reiterate a Buy rating on Richemont (CFRHF) after taking in the retailer''s FQ3 earnings report. Read more.

Deutsche Bank AG has hired John Arena from Bank of America to help structure art loans for ultra-rich individuals in the Americas, according to an internal memo on Thursday seen by Reuters.

Deutsche Bank issues a catalyst call buy idea on Michelin (MGDDF)

Trading revenues in Investment Banking are down strongly in recent quarters. The read-across from U.S. earnings reports does not bode well for DB's investment bank.

Key Events This Holiday-Shortened Week: Earnings Galore, Central Banks And UK Inflation While the US is closed for MLK Day on Monday, the week kicked off with China''s monthly data dump but the PBOC upstaged this by surprisingly cutting rates on its medium term loans ahead of the GDP release. In the first move since April 2020 - which we said would happen one month ago - the PBOC lowered its one-year medium term lending facility (MLF) rate by 10bps to 2.85% from 2.95% and slashed the seven-day repurchase rate to 2.1% from 2.2%. Additionally, as DB''s Jim Reid writes, the central bank injected 700 bn yuan ($110 bn) worth of liquidity via the MLF and added 100 billion yuan of liquidity via reverse repos. Separately, data showed Q4 GDP expanded +4.0% y/y beating Bloomberg forecast of 3.3%. However, the rise was more muted in the last three months (+4.9%) as a real estate downturn combined with strict Covid-19 curbs hit activity. Other economic data showed that industrial production in China jumped by +4.3% in December from a year ago surpassing market expectations of a +3.7% growth.

Europe''s Spendthrifts Are Stuck In Irreversible Debt-Traps Authored by Alasdair Macleod via GoldMoney.com, A Euro Catastrophe Could Collapse It This article looks at the situation in the euro system in the context of rising interest rates. Central to the problem is role of the ECB, which through monetary inflation embarked on a policy of transferring wealth from fiscally responsible member states to the spendthrift PIGS and France. The consequences of these policies are that the spendthrifts are now ensnared in irreversible debt traps. Even in a Keynesian context, the ECBs monetary policy is no longer to stimulate the economy but to keep the spendthrifts afloat. The situation has deteriorated so that Eurozone commercial banks appear to have credit restricted in New York, evidenced by the reluctance of the US banks to enter into repo transactions with them, leading to the market failure in September 2019 when the Fed had to intervene. An examination of the numbers strongly suggests that even Eurozone banks, insurance companies and pension funds are no longer net buyers of Eurozone government debt.

Deutsche Bank keeps a positive stance on Marks and Spencer Group (MAKSF) after taking in the company''s Q3 earnings report. Read more.