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An Illinois federal judge has dismissed Fair Housing Act claims from a coalition's lawsuit against Deutsche Bank, which accused the bank of neglecting foreclosed properties in minority neighborhoods. The judge expressed skepticism regarding the alleged violations of the FHA.
Deutsche Bank has initiated coverage of Builders FirstSource (BMV:BLDR) with a Buy recommendation as of April 1, 2025. Institutional ownership has risen by 22.06% in the last quarter, with total shares owned increasing by 15.57% to 155,913K shares. Notable fund activities include Vanguard Total Stock Market Index Fund reducing its stake by 2.60%, while Fidelity Advisor Growth Opportunities Fund increased its holdings by 12.73%.
Barclays has appointed Jason Short as Managing Director in the Financial Sponsors Group, based in San Francisco, to enhance client coverage on the West Coast. His role focuses on strengthening relationships with financial sponsor clients and their portfolio companies, aligning with Barclays' growth strategy in investment banking. Short, who has nearly 20 years of experience, previously worked at Deutsche Bank and has rejoined Barclays after a tenure in its Leveraged Finance Team.
Barclays has appointed Jason Short as Managing Director in its Financial Sponsors Group, based in San Francisco, to enhance its Investment Banking capabilities on the West Coast. Short, who has nearly 20 years of experience, previously worked at Deutsche Bank and will focus on building relationships with financial sponsor clients and their portfolio companies. This strategic hire follows the recent additions of Isobel van Daesdonk and Scott Willard, underscoring Barclays' commitment to strengthening its financial sponsors practice.
Deutsche Bank warns that markets are uncertain about the true impact of potential U.S. tariffs, currently estimated at 50% on Chinese goods and nearly 10% on other imports. The actual consequences will depend on responses from affected countries, including possible retaliation and fiscal measures.Recent reports indicate that China, Japan, and South Korea are preparing a coordinated response to U.S. tariff actions, which could significantly escalate global trade tensions and increase market volatility, complicating central bank policies.
Deutsche Bank has downgraded Altria Group to a Hold rating following a significant 15% rally in the company's stock year-to-date. This decision reflects a cautious outlook after the recent gains in Altria's market performance.
Matt Connolly, former head of Deutsche Bank's New York derivatives desk, faced a tumultuous career marked by a fraud conviction in 2018, which he later appealed and was exonerated from, leading to a $150 million settlement with the bank. Connolly, who began his Wall Street journey as a clerk without an Ivy League education, criticizes the elitism in finance, asserting that market success often defies academic credentials. He believes that trading against those who rely on their diplomas can be profitable, highlighting the meritocratic nature of the markets.
In 2024, Sergio Ermotti, CEO of UBS, topped the list of Europe's highest-paid bankers with a salary of 15.6 million euros, followed by Andrea Orcel of Unicredit at 13.2 million euros, marking a 32% increase. The average salary for CEOs of the top 10 European banks was 7 million euros, driven by exceptional profits from rising interest rates. Despite the substantial compensation, criticism arose regarding the high pay of bank executives, prompting Unicredit to defend Orcel's salary increase as essential for long-term commitment in a competitive market.
Deutsche Bank has proposed a dividend of €0.68 per share for fiscal year 2024, pending shareholder approval at the AGM on May 22, 2025. The record dates for dividend eligibility are May 26 for Germany and May 23 for the U.S., with payments expected on May 27. The bank also plans to cut its branch network and reduce 2,000 jobs in retail banking by 2025 as part of a cost-cutting initiative.
Commerzbank shares surged by 7.3% to €22.49, leading the Dax, while Deutsche Bank rose by 2.3% to €22.31. Despite a recent decline of 11% over four trading days, Commerzbank has seen a 43% annual gain, supported by the 50-day trend line at around €20.80.
Deutsche Bank Money Market PP
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Illinois court narrows Deutsche Bank's Fair Housing Act lawsuit claims
04:02 02.04.2025
Deutsche Bank recommends buy for Builders FirstSource amid rising fund interest
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00:03 02.04.2025
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