We'll send you a myFT Daily Digest email rounding up the latest Equities news every morning. European bank stocks took a heavy hit on Friday, with Deutsche Bank ...
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Deutsche Bank stock tumbles amid continued turmoil in the banking sector. Meanwhile, Treasury Secretary Janet Yellen says emergency actions used to contain ...
U.S.-listed shares fell 7.5% in premarket trading. (ticker: DB) fell 12% in Frankfurt trading. Deutsche Bank
Deutsche Bank AG became the latest focus of the banking turmoil in Europe as ongoing concern about the industry sent its shares slumping the most in three ...
Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) today announced its decision to redeem its US $1,500,000,000 Fixed to Fixed Reset Rate Subordinated Tier 2 Notes ...
These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
Deutsche Bank saw its shares fall and its CDS rates blow up on Friday. Check out the similarities and differences between Credit Suisse (CS) and DB.
Second, depositors will be less inclined to get their money out of a profit-generating bank relative to a loss-generating bank, as the profit-generating bank will be perceived as less risky. Also, Deutsche Bank has executed well in the recent past when it comes to its operations. Of course, the falling share price and rising CDS rate of Deutsche Bank are seen by many as a sign that the bank could be in trouble. [net loss](https://www.credit-suisse.com/about-us/en/reports-research/quarterly-interim-reports/quarterly-results.html) of CHF7.3 billion for 2022 and a net loss of CHF1.6 billion for the previous year. The bank likely feels that it is well-capitalized, which is why it has proposed a dividend payment -- if management felt that capital levels weren't adequate, it would probably not have done so. The same also happened when Silicon Valley Bank ( [SIVB](https://seekingalpha.com/symbol/SIVB)) blew up over the weekend one week earlier. Credit Suisse CDS peaked at more than 1,000 basis points, or around 5x the level Deutsche Bank CDS are trading right now. Incidentally, the market also priced in the potential blow-up of CS on a Friday and the takeover by UBS ( Note: Credit Default Swaps are derivatives that allow hedging against a default of a specific borrower, in this case Deutsche Bank. That is remarkable and shows that there must be a considerable amount of market participants that are worried about a potential Deutsche Bank blow-up, otherwise demand for insurance against such a scenario wouldn't be rising drastically. Some market participants are worrying that Deutsche Bank could be the next major bank to run into issues, following Credit Suisse ( [CS](https://seekingalpha.com/symbol/CS)). [DB](https://seekingalpha.com/symbol/DB)) shares are tumbling in early Friday trading.
The German institution is “on everyone's minds” as the possible next “domino to fall,” according to one analyst.
About half of the outflows came in the weeks following Silicon Valley Bank’s collapse, according to J.P. banks lost about $1.1 trillion in deposits over the last year, according to a recent J.P. The unexpected failures of mid-sized American banks Silicon Valley Bank and Signature Bank earlier this month sent shockwaves throughout the global financial system, eventually leading to the last-second rescue of Credit Suisse. banks each slid more than 1%, while shares of First Republic, the American bank most often floated as the next institution at serious risk, fell 5%. Holders of $17 billion in risky Credit Suisse bonds were not a part of the rescue deal and were left empty-handed, contributing to the rise in Deutsche Bank credit default swap rates as investors hope to avoid similarly finding themselves out of luck. for its “irresponsible lending practices” in 2006 and 2007 that partially caused the Great Recession, managed to navigate through that controversy by dramatically cutting costs, cutting roughly 20% of its global workforce in a single day in 2018 and successfully turning a profit in its last 10 quarters.
Deutsche Bank shares tumbled on Friday after the cost of insuring the bank's debt against the risk of default shot to more than four-year highs, ...
Separately, Deutsche Bank said it would redeem $1.5 billion in a set of tier 2 notes due in 2028. The index was last down 5.1%, heading for a monthly decline of nearly 20%. [Markets](/markets/) We are relatively relaxed in view of Deutsche's robust capital and liquidity positions," it said. "Deutsche Bank has been in the spotlight for a while now, in a similar way to how Credit Suisse had been," Stuart Cole, head macro economist at Equiti Capital, said. . That yield is almost triple what it was just two weeks ago, based on Tradeweb data. The region's banking sector has had a rough ride in the last week, with a state-backed rescue of Credit Suisse and turmoil among regional U.S. [(UBSG.S)](https://www.reuters.com/companies/UBSG.S) at the weekend. [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) Some of Deutsche Bank's bonds meanwhile sold off too. [rose across the board](/markets/europe/european-banks-default-risk-indicator-jumps-at1-bonds-fall-2023-03-24/) on Friday, reflecting investors' reluctance to carry any risk on their portfolios going into the weekend. [(DBKGn.DE)](https://www.reuters.com/companies/DBKGn.DE) tumbled on Friday after the cost of insuring the bank's debt against the risk of default shot to more than four-year highs, highlighting concerns among investors about the stability of Europe's banks.