Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Deutsche Bank AG
  6. News
  7. Summary
    DBK   DE0005140008

DEUTSCHE BANK AG

(DBK)
  Report
Real-time Estimate Tradegate  -  08:07 2022-12-09 am EST
10.04 EUR   +0.17%
07:31aNOVARTIS AG : Deutsche Bank keeps a Sell rating
MD
07:30aMERCEDES-BENZ GROUP : Deutsche Bank gives a Buy rating
MD
07:29aBRITISH AMERICAN TOBACCO : Buy rating from Deutsche Bank
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BNY Mellon, Warburg Group, Deutsche Bank to pay up in cum-ex case: newspaper

09/18/2022 | 05:35pm EST
FILE PHOTO: The logo of Germany’s Deutsche Bank is on display ahead of the bank’s annual shareholder meeting in Frankfurt

(Reuters) - Bank of New York Mellon Corp, Germany's Warburg Group and Deutsche Bank will pay 60 million euros ($60.09 million) to German tax authorities over the country's "cum-ex" tax scandal, German daily Handelsblatt reported.

The payment covers tax liabilities of a fund called BC German Equity Special Fund, which a Warburg subsidiary managed as an investment company in 2009. The custodian bank was BHF Asset Servicing, which was later swallowed by the U.S. bank, the report said.

Deutsche Bank will contribute an amount of less than 10 million euros. A spokesman for Deutsche Bank told Handelsblatt that it was making a payment but declined to provide details. BHF earlier belonged to Sal. Oppenheim and was then taken over by the German lender.

The share-trading scandal known as cum-ex, which has blighted German political and financial circles for several years, has cost taxpayers billions of euros, lawmakers claim.

A large number of banks have been searched by prosecutors investigating possible wrongdoing, with raids being conducted on the German branches of Barclays, Bank of America and Morgan Stanley in recent months.

Government officials say the investigation involves some 100 banks on four continents and at least 1,000 suspects.

BNY Mellon, Deutsche Bank did not immediately respond to Reuters' request for comment.

($1 = 0.9985 euros)

(Reporting by Shivani Tanna in Bengaluru; Editing by Frank Jack Daniel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -0.92% 32.44 Delayed Quote.-27.08%
BANK OF NEW YORK MELLON CORPORATION (THE) -0.04% 44.59 Delayed Quote.-23.19%
BARCLAYS PLC 0.51% 157.56 Delayed Quote.-16.15%
DEUTSCHE BANK AG 0.22% 10.038 Delayed Quote.-9.04%
MORGAN STANLEY 1.62% 88.69 Delayed Quote.-11.08%
All news about DEUTSCHE BANK AG
07:31aNOVARTIS AG : Deutsche Bank keeps a Sell rating
MD
07:30aMERCEDES-BENZ GROUP : Deutsche Bank gives a Buy rating
MD
07:29aBRITISH AMERICAN TOBACCO : Buy rating from Deutsche Bank
MD
06:09aUNILEVER PLC : Deutsche Bank reiterates its Buy rating
MD
06:03aGERRESHEIMER AG : Deutsche Bank remains its Buy rating
MD
05:48aDEUTSCHE BANK AG : Credit Suisse reaffirms its Sell rating
MD
05:26aDeutsche Bank Trims Unilever PT, Maintains Buy Rating
MT
05:04aLONDON BROKER RATINGS: JPMorgan cuts Assura; BofA cuts Synthomer
AN
04:13aDeutsche Bank : Public Offer - XS0460006173
PU
02:22aCredit Suisse Underwriters Gain Takeover Exemption in Planned Capital Raise
MT
More news
Analyst Recommendations on DEUTSCHE BANK AG
More recommendations
Financials
Sales 2022 27 008 M 28 483 M 28 483 M
Net income 2022 3 944 M 4 159 M 4 159 M
Net cash 2022 38 370 M 40 466 M 40 466 M
P/E ratio 2022 5,41x
Yield 2022 3,03%
Capitalization 20 417 M 21 532 M 21 532 M
EV / Sales 2022 -0,66x
EV / Sales 2023 -0,53x
Nbr of Employees 84 556
Free-Float 92,1%
Chart DEUTSCHE BANK AG
Duration : Period :
Deutsche Bank AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE BANK AG
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 10,02 €
Average target price 12,88 €
Spread / Average Target 28,6%
EPS Revisions
Managers and Directors
Christian Sewing Chief Credit Officer
Karl von Rohr Vice Chairman & Co-President
James von Moltke Co-President & Chief Financial Officer
Alexander Rijn Wynaendts Chairman-Supervisory Board
Bernd Leukert Chief Technology, Data & Innovation Officer
Sector and Competitors