Skip to main content

Deutsche Bank in The News

In an analyst rating update on Thursday shares of Lloyds Banking Group PLC ORD (LON:LLOY) had their rating reiterated by analysts at Deutsche Bank.

The broker said it has now set a ‘Hold’ rating on shares of Lloyds Banking Group PLC ORD with a price target of 59. The price target according to the broker shows a possible increase of 11.26% from the current stock price of 53.03.

___

Deutsche Bank has received a cautious vote of creditor confidence. The German lender is issuing expensive debt. That shows it can get access to markets, despite a feared $14 billion American regulatory fine. It is less powerful a signal than buying debt back, as Deutsche Bank did in February — but at least it shows that investors do not fear losses that could eat into senior debt.

___

Deutsche Bank AG is implementing a companywide hiring freeze as Chief Executive Officer John Cryan seeks to lower costs and shore up investor confidence, according to people with knowledge with of the matter.

___

Germany’s biggest bank returned to the US high-grade bond market on Tuesday to sell an additional $1.5 billion worth of debt, offering more than double the yield it paid a year ago. Deutsche raised $3 billion in a bond sale last week. This has given investors in the troubled bank confidence it can tackle the litigation with the US Department of Justice. Deutsche is facing a $14 billion fine over its American mortgage-backed securities business which allegedly led to the US housing crisis in 2008.

Comment

Would I be surprised to see some news that the bank is failing and cannot correct itself? After all the ups and downs of the past few weeks - from disappointment at not being able to negotiate with the US authorities, to questions over its entire structure and how it passed previous stress tests - I wouldn't be surprised at anything.

The worry is that it is coming at a critical time. After a sensible victory for Clinton in November, we can all breathe a sigh of relief that the world can continue on its way without a wild card in play.

Popular posts from this blog

Giveaway Tools

After looking at an article on InsightScope about contest giveaways, I just read the FAQs for one of the tools, which is KingSumo Giveaway and I see that as at the time the FAQs were prepared, the tool doesn't integrate with Mailchimp. Instead you have to download a CSV and upload.Also, there is a warning that the tool may not be compatible with Facebook's terms in the future.Finally, there is a long, convoluted way you have to deal with duplicate content, which is described in the FAQs as follows: I’m concerned about duplicate pages for SEO We don’t create new pages, just add a parameter to your URLS. Google just sees the original page and URL structure. What we recommend if Google results are important is to run the tool, then once it looks like a winner I’d change the Title to the winner and the original URL. Remove the other titles. We are working on a fix to make this easier.Advanced users:Utilize the parameter tools in Google’s Webmaster Tools and set the Headline plugi…

My Blog Is Carbon Neutral

I am pleased to be able to make the statement in the title to this article and I want to explain how I have done it and how I came to hear about the scheme that enables it.

The first step along the path that brought me to this happy state is that I have joined Seeded Buzz.

The idea behind Seeded Buzz is for the members to plant seeds - which means telling other bloggers about their blog posts and inviting them to continue the conversation on their blogs with a link back to the original post on their blog.

Well I have found a blog post from one of the members that covers a subject that interests me.


Seeded Buzz points out that better the Seed conversation and the more extendable / debatable it is, the more other bloggers will Buzz about it on their blogs and link to the original post.

And as we all know, links are the engine that pumps searches - and these are the lifeblood of the internet.

The seeder profile I found was from Thomas Chasm who blogs about a lot of different categories …

New Post At Our Lonely Planet Blogger Site at Quillcards

This is a link to our most recent article at the Quillcards Blog about the Henry Moore exhibition at the Leeds Art Gallery.

Next up will be an article to be published later today about the ecards we have made to support Endangered Species Day this Friday, 20th May.

We are honored to have been asked to make these by the Endangered Species Coalition, so watch this space for the link to the article, or bookmark The Quillcards Blog and head over there later today.