DB News and Press, Deutsche Bank AG From 03/11/22

Germany-based Deutsche Bank (NYSE:DB) has stopped conducting new business in Russia amid the country's invasion of Ukraine, Bloomberg reported Friday. “Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaini...

The corporate world, in recent weeks, has been pulling out of Russia in response to Putin’s military operation in Ukraine, but Deutsche Bank AG ( NYSE: DB ) seems to have a different stance. Deutsche Bank to continue operations in Russia According to CFO James von Mol...

Deutsche Bank (NYSE:DB) is boosting its return on average tangible equity target to above 10% by 2025 and expects to achieve it through revenue growth, efficiencies, and self-funded investments. During its Investor Deep Dive event on Thursday, the German lender also unveiled 2025 targets for ...

Financial stocks bounced up in afternoon trading on Tuesday after Treasury yields rose and crude oil, though still high, eased off its peak of $130/barrel level touched on Monday. Higher Treasury yields bode well for bank earnings as they make much of their profit on net interest income. 10-y...

UBS (NYSE:UBS) had ~$200M exposure related to Russian assets used as collateral for loans and other secured financing in its Global Wealth Management unit, the Swiss bank said in its annual report. It also had a small number of Global Wealth Management clients that are subject to recently int...

The financial stock that rose the most this week reflects the week's biggest bank deal, while the financial stock that fell the most is a fintech that delivered disappointing guidance. The top five gainers for the week ended March 4 (with market cap over $2B) were led by First Horiz...

Gainers: FedNat (NASDAQ:FNHC) +13%, Grab (NASDAQ:GRAB) +11%, OFS Capital (NASDAQ:OFS) +10%, Fidus Investment (NASDAQ:FDUS) +6%. Losers: KE (NYSE:BEKE) -12%, Dragon Victory (NASDAQ:LYL) -12%, Upstart (NASDAQ:UPST) -12%, ING (NYSE:ING) -11%, Deu...

This week's financial decliners saw big drops in the week that Russia's invasion into Ukraine rattled markets. Meanwhile, the stocks that rose the most in the past five sessions saw more muted gains. The biggest decliners include a Brazilian fintech, two large international banks, a U.S. fint...

Citigroup (C -5.1%) and Bank of America (BAC -3.9%) are falling the most of U.S.-based megabanks in midafternoon trading on Thursday in the wake of Russia's invasion of Ukraine. Investors are flocking to government bonds, with the 10-year Treasury yield falling 6 basis points to 1.93% after h...

Bank and financial stocks are slumping after Russia's military action in the Ukraine prompts investors to move money into safer havens of government bonds. The 10-year Treasury yield falls 14 basis points to 1.86% after having reached almost 2.0% late Wednesday. Financial Select Sector SPDR E...