Deutsche Bank
Deutsche redeems Powershares ETNs
Deutsche Bank will redeem all outstanding Powershares DB Crude Oil Double Long exchange-traded notes (ETNs), according to a statement issued by the bank on September 1.
Deutsche Bank lists hedge fund and carbon ETFs in London
Deutsche Bank has listed its hedge fund exchange-traded fund (ETF) on the London Stock Exchange (LSE). The listing of the Ucits III-compliant ETF, based on the db Hedge Fund Index, follows the launch of a euro-hedge version on the Xetra Frankfurt in…
Calmer markets reflected in VAR figures
Lower volatility across asset classes in the second quarter of the year produced lower value-at-risk figures at almost all major banks, according to a Risk survey.
Banks' own credit risk hampers financial results
Own credit risk - the concept of including the credit risk of an institution in the measurement of the liabilities it issues - had a significant impact on banks' profits in the first half of 2009, as credit default swap (CDS) spreads referencing banks'…
European banks report modest Q2, despite increased provisioning
Top Spanish, German and Swiss banks have reported modest gains in the second quarter, although their profits have been constrained by an increase in non-performing loans and loan loss provisioning.
Deutsche fires two for industrial espionage
Daily news headlines
French and German banks to launch Sepa rival to Visa and MasterCard
Daily news headlines
RBC Capital adds to structured equity and commodity group
RBC Capital Markets has hired Carmine Meoli as head of Private Banking Solutions Sales and Arif Hussein and Peter Drewienkiewicz as directors in its growing rates sales and trading team.
New agreement on restructuring for European credit default swaps
European credit derivatives dealers have revised the details of a proposal to integrate restructuring as a credit event into the auction settlement process for credit default swaps (CDS), in preparation for the launch of the so-called ‘small bang'…
New global head of structuring at Deutsche Bank
The former emerging markets head at Credit Suisse, Ram Nayak, has joined Deutsche Bank as global head of structuring.
US Wrap: Deutsche offers emerging markets funds play
Deutsche Bank has launched an emerging markets note which links to two exchange-traded funds based on Brazil and China, amid a busy start to the week for the US market. The structure gives investors 100% equally weighted participation in the iShares FTSE…
Deutsche hires new equity derivatives head
Deutsche Bank Securities has appointed Dushyant Chadha as head of equity derivatives in North America, within the bank's global markets division.
US Wrap: RBC moots real estate rebound
Royal Bank of Canada has launched an accelerated growth note linking to the iShares Dow Jones US Real Estate Index. The bullish trade offers 300% participation in the index over only six months, up to a cap of 39%. It does not incorporate any downside…
US Wrap: JP Morgan launches kickout on gold equity fund
JP Morgan has unveiled a new autocallable note linked to the Market Vectors Gold Mining ETF. The 18-month investment will pay a coupon of 5.25-6.25% if the fund is at 100% of its initial level after three months. If not, the product will continue to its…
Holding counterparty risk at arm’s length
Exchange-traded funds have been as exposed to talk of counterparty risk as the next structured product, although the risk is lower. Under the European Union's Undertakings for Collective Investment in Transferable Securities III regulations, ETFs are…
'X' marks the spot
In a little over two years, DB x-trackers has captured an impressive 17% share of Europe's ETF market. With an existing portfolio of more than 100 products, the provider now plans to expand its offering in Asia while developing new product types such as…
SEC investigates first CDS insider trading case
Losses and Lawsuits
BoE inflation report pushes CDSs on European financials wider
The cost of credit protection on European financials increased this morning following the release of the Bank of England's quarterly inflation report. The report conceded UK GDP growth had been slower than expected in the first quarter of 2009, and…