Deutsche Bank
$400 billion losses on subprime, predicts Deutsche Bank
Subprime losses could total $400 billion by the time the crisis has run its course, with large international banks and brokers taking up to a third, according to research published by Deutsche Bank yesterday.
Short iTraxx funds begin trading
Three exchange-traded funds (ETFs) based on the total return of short European credit derivatives index positions begin trading this week.
Tax benefits spare Deutsche Bank’s profit blushes
Deutsche Bank recorded net profits of €1.6 billion for the third quarter, an improvement of 31% on the same period last year, as a result of tax reforms and rebates.
Deutsche unveils new inflation team
Deutsche Bank has confirmed the appointment of Brice Benaben as global head of inflation.
Deutsche Bank appoints European co-heads for securitised products group
Deutsche Bank has appointed Marzio Keiling and Mark Graham as co-heads of its European securitised products group. Keiling and Graham will be based in London and report to Erik Falk and Frank Byrne, co-heads of the global securitised products group.
Deutsche signs record sharia collar trade
Deutsche Bank has closed the largest Islamic profit-rate collar to date, for Dubai Islamic Bank.
Credit fears subdued by BoA investment in Countrywide
Dealers believe the $2 billion investment by Bank of America in troubled California-based mortgage lender Countrywide Financial helped ease credit worries during morning trading in Europe.
Deutsche appoints Asia-Pacific global finance and FX structuring head
Deutsche Bank has named Ray Franzi to the newly created role of head of global finance and foreign exchange (FX) structuring for Asia-Pacific.
Credit Suisse hires new European equity derivatives head
Yan Assoun has been hired by Credit Suisse as the bank’s new head of European equity derivatives trading.
The forensic approach
PROFILE: SEBASTIAN FRITZ-MORGENTHAL
Deutsche Bank launches ETF linked to S&P CNX Nifty index
Frankfurt-based Deutsche Bank has launched the first internationally traded exchange-traded fund (ETF) linked to the Standard & Poor's CNX Nifty, an index on the National Stock Exchange of India.
Deutsche Bank appoints five bankers to prime finance business
Deutsche Bank Securities has appointed five senior bankers to its New York prime brokerage business.
BarCap hires European fixed-income structuring head
Barclays Capital has hired Aurelia Lamorre-Cargill as head of European fixed-income structuring.
Deutsche Bank Securities appoints rates trading head
Tom Hartnett is joining Deutsche Bank Securities as head of core rates trading within the bank’s global rates business.
Deutsche Bank expands integrated investment solutions team in New York
Deutsche Bank Securities has expanded the integrated investment solutions group within its global markets division, with the appointments of Phil Li as a director, and Robert Painter and Guillermo MacLean as vice-presidents.
Deutsche tests liquidity with €2.2 billion synthetic trade
Deutsche Bank has executed a €2.2 billion collateralised debt obligation (CDO) trade, which assumes the risk of a portfolio of synthetic products managed by UniCredit Group (HVB).
Deutsche rejigs global markets roles
Deutsche Bank has appointed Wolfgang Matis as head of global markets for its trading and structuring division in Europe.
Deutsche Bank launches dbARB
Deutsche Bank has followed in the footsteps of Merrill Lynch and Goldman Sachs with the launch of its own hedge fund replicating index, the db Absolute Return Beta index (dbARB).
Deutsche Bank continues prime brokerage expansion
Deutsche Bank has appointed five new staff for its prime finance operations worldwide.
Deutsche Bank expands credit trading team in China
Deutsche Bank has expanded its global credit trading team in China, with Jianyi Zhu joining as head of global credit trading for Greater China, along with several other senior hires. All the hires are to newly created positions based in Hong Kong.
Two iTraxx ETFs licensed by IIC
Two exchange-traded funds are due to be launched referenced to the Frankfurt-based International Index Company’s (IIC’s) series of European credit default swap indexes.
Deutsche Bank wins corporate derivatives rankings
Deutsche Bank has won this year’s Risk corporate end-user rankings, achieving the most votes overall among participating corporate clients globally. Citi and Barclays Capital came second and third, at a time of record merger and acquisition (M&A)…
Deutsche Bank hires vice-chairman of equity capital markets
Deutsche Bank Securities, the US investment banking and securities arm of Deutsche Bank, has appointed Jeff Rosichan vice-chairman of equity capital markets, effective from late June.
Deutsche Bank wins corporate derivatives rankings
Deutsche Bank has won this year’s Risk corporate end-user rankings, achieving the most votes overall among participating corporate clients globally. Citi and Barclays Capital came second and third, at a time of record merger and acquisition (M&A)…