Deutsche Bank Buys Most of Norddeutsche Landesbank's Aircraft Financing Portfolio
By Pierre Bertrand Deutsche Bank said it acquired the majority of the aircraft financing portfolio of Norddeutsche Landesbank. The German lender bought 1.67 billion euros ($1.79 billion) of loans fr
NordLB, which was dragged down by the aviation industry, has found a buyer: Deutsche Bank (DB.US) will take over 1.7 billion euros in aviation loans.
State-owned bank NordLB exits aircraft financing after review; the bank will also gradually reduce industry loans of 1.1 billion euros.
PENN Entertainment - 8% Despite Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/14/2024 42.79% Truist Securities $23 → $25 Maintains Buy 06/04/2024 — JMP Securities Reiterates → Mark
Deutsche Bank, Societe Generale Tier 2 Bonds Look Cheap, Offer Attractive Investment Opportunity -- Market Talk
1506 GMT - Deutsche Bank and Societe Generale tier 2 bonds look cheap, making them an attractive investment, CreditSights analysts Simon Adamson and Puja Karia say in a note. Tier 2 bonds are a risky
Moody's Affirms Deutsche Bank Ratings on Stable Liability Structure, Probability of Government Support
Moody's on Tuesday affirmed Deutsche Bank's (DBK.F) A1 long-term deposit, issuer and senior unsecured debt ratings, citing expectations that the lender's liability structure and probability of governm
Top Gap Ups and Downs on Tuesday: HSBC, BHP, BBVA and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
Express News | Shares of Banks and Financial Services Stocks Are Trading Lower. The Sector May Be Experiencing Uncertainty Ahead of Wednesday's Fed Decision
Top Midday Stories: Apple Stock Hits Record High; GM Announces $6 Billion Buyback Program; Boeing Delivers 24 Jets in May, Matching April Total
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite were down after midday trading Tuesday as the Federal Reserve's Federal Open Market Committee commenced its two-day meeting to di
EU Set to Delay Basel Bank Trading Rules By 1 Year, Bloomberg Reports
10:01 AM EDT, 06/11/2024 (MT Newswires) -- EU Set to Delay Basel Bank Trading Rules By 1 Year, Bloomberg Reports Price: 15.88, Change: -0.56, Percent Change: -3.38
European Central Bank warns that several banks in the euro area have insufficient provisions for bad debts and credit default risks are underestimated.
According to the Zhitong Finance APP, Claudia Buch, Chairman of the European Central Bank's Supervisory Board, stated on Tuesday that although some progress has been made in considering climate risk, many eurozone banks have not yet reached the loan loss reserve level required by accounting standards. In order to avoid a new banking crisis , a ten-year-old accounting standard requires lenders to make provisions for reserves when issuing loans, and to make a more ample provision for potential defaults if there are signs of potential default, rather than waiting until the loan cannot be repaid. However, Buch stated that eurozone banks are applying international financial reporting standards (IFR
Overnight News: Apple holds WWDC24 developer conference, French election shakes investor confidence, Musk says he will ban Apple devices from his company.
For more global financial information, please visit the real-time financial news 7x24. Market closing: S&P and Nasdaq hit new highs, market attention to Fed policy meeting. June 10th Top 20 US stocks by turnover: Taiwan Semiconductor plans to raise prices for Nvidia, and the stock price hits a historical high. US WTI crude oil rose 2.9% on Monday, and Goldman Sachs said there will be a shortage of crude oil supply in the next few weeks. June 10th Top 20 US stocks by turnover: Taiwan Semiconductor plans to raise prices for Nvidia, and the stock price hits a historical high. Major European stock market indices fell, and France's CAC40 index fell more than 1%. Macro level: Early French elections shake investors' confidence in the economy.
Apple will incorporate ChatGPT into its mobile operating system. Lagarde stated that several meetings will be held between interest rate cuts. Morgan Stanley warns that the stock market may experience severe instability.
Global financial media's top news that were followed last night and this morning include: Apple releases AI progress and will introduce ChatGPT into mobile systems. Finally, Apple released the long-awaited new AI function, including tools supported by OpenAI's ChatGPT, promising personalized, secure, and deep integration into Apple software for users. Apple's senior vice president Craig Federighi said at the company's annual global developer conference that the AI platform called "Apple Intelligence" can help summarize.
Almost fool-proof strategy: short inflation hedging bonds before the release of US CPI.
In a certain corner of the US bond market over the past two years, there has been an expected and brief anomaly, which is an opportunity for traders who are willing to take advantage of it. Historical data shows that the performance of 10-year inflation-protected Treasury securities (TIPS) is always weaker than that of ordinary US government bonds on the day before the release of the US CPI, almost every month. Since the Fed began hiking rates in March 2022, there have been 22 declines in the 27 times that the 10-year breakeven inflation rate (the difference between the inflation-protected Treasury securities and the yield of US government bonds) on the trading day before the CPI announcement. This pattern occurs so frequently that it has aroused
Deutsche Bank: The impact of interest rate hikes has not yet fully manifested, and the era of low default rates has ended.
Deutsche Bank analysts said that the period of low corporate default rates in the past 20 years has ended, and the trend of rising interest rates will increase the number of borrowers who cannot repay their debts. In a report released on Monday, analysts from this German bank wrote that looking ahead, even if it is still possible to avoid a significant increase in default rates, the default rate will also rise to a higher level. "For 40 years, almost all fixed-rate borrowers have been able to refinance at lower rates than before," wrote analysts Jim Reid and Steve Caprio. "This situation changed after 2022, but the overall impact may still be slow to show."
J.P. Morgan Maintains Deutsche Bank(DB.US) With Buy Rating, Raises Target Price to $20.46
J.P. Morgan analyst Kian Abouhossein maintains $Deutsche Bank(DB.US)$ with a buy rating, and adjusts the target price from $19.14 to $20.46.According to TipRanks data, the analyst has a success rate o
How will the Fed cut interest rates in the second half of the year? Here is an overview of the latest predictions from the eight major investment banks, including Goldman Sachs.
Below are some Wall Street banks' predictions on the Federal Open Market Committee (FOMC)'s future four interest rate decisions and overall rate trends before the end of the year. Bank of America, Barclays and Deutsche Bank predict that the interest rates will only be lowered once in 2024. Goldman Sachs and Wells Fargo & Co. expect two rate cuts this year, while Morgan Stanley and Citigroup expect three rate cuts this year. Federal Reserve Interest Rate Predictions (basis points) June 12 July 31 September 18 November 7 Full Year 2024 Bank of America 0 0 0 0 -25 Barclays 0 0 n/a n/a -25 Citigroup
Corn, Soybean Futures Snap Six-session Losing Streak on Brazilian Tax Plan
Full text | Transcript of Nio Inc's Q1 earnings conference: LeDao brand's long-term gross margin will be above 15%, and will not trade low gross margin for sales.
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) released its Q1 2024 financial report as of March 31 today: total revenue was RMB 9.9086 billion, down 7.2% YoY and down 42.1% QoQ. The net loss was RMB 5.1846 billion, with an increase of 9.4% YoY and a decrease of 3.4% QoQ. Net loss adjusted not according to US GAAP was RMB 4.9032 billion, with an increase of 18.1% YoY and an increase of 2.1% QoQ. After the release of the financial report, NIO's founder, director and CEO Li Bin, CFO Feng Wei and
Market Chatter: European Central Bank Reviewing Lending Risks of Big Banks
The European Central Bank is reviewing the risk management strategies of the continent's biggest banks in their lending to private equity firms, Bloomberg News reported on Wednesday, citing people fam
Sector Update: Financial Stocks Decline in Late Afternoon Trading
Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the Financial Select Sector SPDR Fund (XLF) off 0.5%. The Philadelphia Housing Index sl
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