Hints and tips:
...DZ Bank analysts said in a note to clients that the bank is “currently unable to offset elevated funding costs with higher margins in the lending business”....
...A former chief executive of a regional co-operative bank and then chair of DZ Bank, Gottschalk was called in from retirement last year after his predecessor Hans-Jörg Vetter resigned with immediate effect...
...“We remain sceptical if the restructuring in tumultuous economic times can fully succeed,” noted Markus Mischker, an analyst at DZ Bank....
...Markus Mischker, an analyst with DZ Bank, warned that coronavirus risked collapsing Commerzbank’s “restructuring house of cards”....
...About 100 financial institutions have been linked to cum-ex deals, including crosstown rival Deutsche Bank, DZ Bank and HypoVereinsbank, the German division of Italian lender UniCredit....
...DZ Bank envisaged two options to finance these costs: a capital increase or the sale of assets such as Deutsche Bank’s asset manager DWS....
...Mr Graham at Autonomous has said the new group might need to raise an additional €3bn, DZ Bank analysts put the figure closer to €8bn, while Bank of America forecasts a 30 per cent acquisition premium could...
...In a latest note to clients, Corinna Dröse, a Frankfurt-based bond analyst at DZ Bank, said: “The high spreads reflect [Deutsche’s] high idiosyncratic risk, which is rooted in the lender’s chronic weakness...
...In itself, a merger would not alter this,” DZ Bank analyst Corinna Dröse this week wrote in a note to clients....
...“We did like him in our group — that's something that not everybody manages to achieve”, said Wolfgang Kirsch, the chief executive of DZ Bank, the biggest co-operative lender in Germany....
...Analysts at DZ Bank, Germany’s second-largest lender, see Deutsche trapped in a “downward spiral” that consists of bad news and weak operative performance that was hard to escape....
...BNP Paribas, DZ Bank, Santander, NordLB, Santander and UniCredit were on the deal....
...The new bank will be headed by Wolfgang Kirsch, currently chief executive of DZ Bank, while the supervisory board will be led by DZ Bank’s chairman Helmut Gottschalk....
...Deutsche Bank maintains its view that the chances are less than 50:50 while JPMorgan’s European credit strategist Daniel Lamy has dubbed it a close call....
...These were HSH Nordbank, whose common equity tier one ratio fell to 4.8 per cent in the adverse scenario, WGZ Bank at 4.6 per cent, DZ Bank at 4.9 per cent and Muenchener Hypo at 2.9 per cent – not accounting...
...Four of those extra failures would have been in Germany, including HSH Nordbank and DZ Bank, figures from the European Banking Authority suggest....
...AEGON USA, and DZ Bank did not respond to requests for comment. Sealink, which has been party to similar suits in the past, could not be reached....
...“Sky Deutschland is changing from a not-loved product, which everyone thought was very expensive, to a lifestyle product, with Sky Go and other new technology,” said Harald Heider, an analyst at DZ Bank....
...Other banks with large exposures include Hanover-based Norddeutsche Landesbank, Commerzbank in Frankfurt, KfW, the state-owned development bank, DVB and DZ Bank....
...Forcing German banks to separate risky trading assets would primarily affect Deutsche Bank, the country’s largest by assets and the only one with a significant global investment bank....
...Other large banks, including the state-backed Landesbanken regional banks and DZ Bank, Germany’s largest mutual, do not raise equity from outside investors but rely on support from their public-sector owners...
...A decision on the rating of Deutsche Bank, Germany’s largest bank and the biggest by assets in the eurozone, is set to be made separately this month as part of a review of the biggest global banks....
...Nor is Commerzbank the only German lender obliged to raise capital by June: Deutsche Bank, NordLB, Helaba, WestLB and DZ need to raise a combined €7.8bn....
...exposed, followed by CBK, Landesbank Berlin (LBB; ‘AA−’/‘F1+’), DZ Deutsche Zentral Genossenschaftsbank (‘A+’/F1+) and Landesbank Baden-Württemberg (LBBW; ‘A+’/’F1+’)....
...German chemicals group Wacker Chemie tumbled 8.4 percent to €75.11 after DZ Bank downgraded its rating to “sell” from “buy” late on Tuesday....
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