by Amruth Sundarkumar | Mar 27, 2023 | Banks, Financial Institutions, Perpetual Bonds
Deutsche Bank’s AT1s tumbled by over 5-8 points after its credit default swaps (CDS) jumped by 60bp since Thursday to over 203bp. This comes in the wake of spillover risks following Credit Suisse’s downfall and subsequent rescue by UBS. Deutsche Bank had...
by Amruth Sundarkumar | Oct 13, 2022 | Banks, Credit Ratings
Deutsche Bank was upgraded to A1 from A2 by Moody’s reflecting its progress towards meeting medium-term targets and showing relatively modest but sustained profitability. The German lender’s reduced expense base is said to be a positive factor in allowing...
by Amruth Sundarkumar | Aug 12, 2022 | Banks, Global
Deutsche Bank announced initial results of its tender offer to buyback up to $1bn of four dollar-denominated senior non-preferred bonds – its 3.035% 2032s, 2.552% 2028s, 2.311% 2027s, 2.129% 2026s. The German lender will accept $574mn of the 2032s at a tender...
by Amruth Sundarkumar | Jul 28, 2022 | Banks, Investment Grade Bonds
German lender Deutsche Bank reported a 46% YoY growth in net profits to €1.2bn ($1.2bn) for the second quarter. Its net revenues increased 7% to €6.6bn ($6.7bn). Deutsche attributed the growth to a normalizing interest rate environment, growth in business volumes, and...
by Amruth Sundarkumar | May 25, 2022 | Banks
Citigroup is considering a deal to buy Deutsche Bank’s Mexican banking arm, as per sources. Details on the expected deal size were not available. Citi is weighing to set up a new local unit in the country that can help it sidestep a lengthy approval process to...
