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By BLOOMBERG NEWS | October 27, 1998
NEW YORK -- Shares of Bankers Trust Corp., which acquired Alex. Brown a year ago, fell as much as 9 percent yesterday after Deutsche Bank AG Chief Executive Officer Rolf Breuer denied that Europe's second-largest bank was in discussions to purchase the seventh-biggest U.S. bank holding company.After falling as low as $61.5625, Bankers Trust closed at $62.875, down $4.Deutsche Bank is holding discussions with acquisition targets but has not held any talks with BT, Breuer said in an interview with weekly newsmagazine Der Spiegel.
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Sports on TV | September 3, 2012
MONDAY'S TELEVISION HIGHLIGHTS IndyCar Grand Prix of Baltimore (T) NBCSP12:30 a.m. MLB St. Louis@Washington (T) MASN9 a.m. Cubs@Washington MASN, WGN-A1 Orioles@Toronto MASN21 Yankees@Tampa Bay MLB1 Orioles@Toronto (T) MASN5 San Diego@Dodgers MLB8 Cubs@Washington (T) MASN8:30 Orioles@Toronto (T) MASNMidnight Boxing G. Golovkin vs. G. Proska (T) HBO12:30 a.m. C. football Georgia Tech@Virginia Tech ESPN8 Ohio@Penn State (T)
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BUSINESS
By BLOOMBERG NEWS | November 2, 2000
FRANKFURT, Germany - Deutsche Bank AG's third-quarter profit surged as last year's acquisition of Bankers Trust Corp. boosted investment-banking earnings. Europe's biggest bank said yesterday that its net income rose to 591 million euros ($504 million), or 0.90 euro a share, from 67 million euros, or 0.10 euro, in the third quarter last year when bonus payments and other costs related to the Bankers Trust purchase curbed earnings. Buying Bankers Trust helped elevate Deutsche Bank to fifth position from ninth among managers of global bond sales, according to Bloomberg data.
BUSINESS
By Eileen Ambrose | May 12, 2011
Goldman Sachs Group Inc. That’s according to a Bloomberg survey of more than 1,263 traders, investors and analysts this week. Fifty-four percent of respondents had an unfavorable view of Wall Street’s Goldman Sachs. That’s more than twice the percentage who had a negative view of JPMorgan Chase, Bloomberg reported. Some of the others in the running: 49 percent polled viewed Citigroup negatively, while 48 percent had a dim view of Bank of America.  Thirty-five percent had a unfavorable opinion of Deutsche Bank.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | May 15, 2002
As part of its push to cut costs and focus more on wealthy investors, Deutsche Bank AG will close its Deutsche Bank Alex. Brown brokerage office in Towson during the next several months, shifting the clients and most of the employees there to its downtown Baltimore headquarters, company officials said yesterday. In addition, the Deutsche Bank Alex. Brown brokerages in Richmond, Va., and in Jacksonville and Palm Beach, Fla., will close during the next 60 to 90 days. Job losses there should be minimal, officials said, because Deutsche Bank is in talks to have other brokerage firms take over the employees of those branches, officials said.
BUSINESS
By BLOOMBERG NEWS | September 17, 2002
FAIRFIELD, Conn. - General Electric Co. agreed yesterday to buy Deutsche Bank AG's U.S. leasing unit for about $2.9 billion in cash and assumed debt, its second takeover of a European-owned financing business this month. Deutsche Financial Services provides financing of office equipment, industrial machines and recreational vehicles for more than 1,000 manufacturers and about 14,000 companies. It has 1,200 workers and receivables of $2.7 billion, it said in a statement. GE Chief Executive Officer Jeffrey Immelt has been expanding in Europe.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | February 8, 2003
Deutsche Bank AG, Germany's biggest bank and the parent of the former Alex. Brown & Sons locally, announced an unexpected fourth-quarter loss yesterday, though its chief executive officer predicted a recovery this year. For the quarter that ended Dec. 31, Deutsche Bank reported a net loss equivalent to about $113 million. The loss was much less than the $1.08 billion loss posted for the comparable period of 2001, but it was far from the $217.8 million profit analysts had expected. Chief Executive Officer Josef Ackermann "is delivering the cost cuts, but that isn't enough to offset weak revenue," said Rolf Zartner, a money manager with Deka Investment GmbH in Frankfurt, and one of the bank's largest stockholders.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | May 4, 2001
Deutsche Bank AG, the parent of Baltimore-based Deutsche Banc Alex. Brown, said yesterday that profit increased 7 percent in the first quarter, spurred by an accounting change and higher profit from its trading business. Excluding the accounting change, profit in the quarter fell 17 percent from the prior year, according to Bloomberg and Reuters wire services. The profit of the Frankfurt bank, Europe's largest, was 1.03 billion euros ($913 million) in the quarter that ended March 31. Profit was boosted by Deutsche Bank's trading operation, which made 2.7 billion euros ($2.44 billion)
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | February 2, 2001
Deutsche Bank AG, the world's second-largest banking company, has named Mayo A. Shattuck III global head of its private banking division and one of 10 directors of the bank's Private Clients and Asset Management Group's board. Shattuck, co-chairman and chief executive officer of Deutsche Banc Alex. Brown Inc., acknowledged that the moves were announced internally yesterday but declined to confirm a report from bank sources that he also will become Private Clients and Asset Management Group' CEO for the Western Hemisphere.
BUSINESS
By BLOOMBERG NEWS | April 28, 1999
NEW YORK -- Bankers Trust Corp. shareholders approved the company's $10.1 billion sale to Deutsche Bank AG yesterday, removing a hurdle to creation of the world's biggest financial-services company.The vote, at a special Bankers Trust shareholders' meeting, leaves approval by U.S. regulators as the last major barrier to the sale. The banks expect to complete the transaction by the end of the quarter, said Frank Newman, chairman of Bankers Trust.Deutsche Bank will pay $93 a share for Bankers Trust.
SPORTS
By From Sun News Services | September 2, 2008
Long putts lift Singh to Deutsche Bank title GOLF Vijay Singh made three long birdie putts yesterday and closed with an 8-under-par 63 at the Deutsche Bank Championship in Norton, Mass., for his second straight victory to build a huge lead in the FedEx Cup playoffs. Singh, who won The Barclays last week in a three-man playoff, was one shot behind Mike Weir going to the back nine of the TPC Boston when he started making just about everything from everywhere. He made consecutive putts of 35 feet and 60 feet to build a three-shot lead, then rolled in another putt from 35 feet on the 17th.
SPORTS
By RAY FRAGER and RAY FRAGER,SUN REPORTER | September 1, 2008
2 p.m. [channels 11,4] PGA Tour events aren't usually scheduled to finish on a Monday, but it's a Labor Day special. Mike Weir (right) leads. He's left-handed and Canadian. Camilo Villegas is one stroke behind Weir. Villegas is the guy who wears tight clothes and gets down on the green to read his putts as if he were a snake. Sergio Garcia is three back, and because this isn't one of the majors, he has a chance to win.
BUSINESS
By Bloomberg News | March 18, 2008
NEW YORK -- JPMorgan Chase & Co. will move its investment bank into the headquarters of Bear Stearns Cos., and is reviewing its plans to build a tower at the World Trade Center site, a spokesman said yesterday. New York-based JPMorgan, the third-largest U.S. bank, said in June that it would build a $2 billion, 40-story skyscraper at Ground Zero, where the former Deutsche Bank AG building is being demolished. The bank had planned to move 7,000 investment banking employees to Lower Manhattan and renovate its corporate headquarters in Midtown.
BUSINESS
By Martin Z. Braun and Martin Z. Braun,Bloomberg News | January 20, 2007
NEW YORK -- The third-poorest city in Pennsylvania is a lot poorer because of a 28-year bet on interest rates that already has gone awry. The Reading, Pa., school district, which has 18,323 students, must pay $230,000 this week to Deutsche Bank AG, Germany's largest bank, because it's on the losing side of a wager that long-term interest rates would rise faster than short-term interest rates. In April, the district board rushed approval of the so-called interest-rate swap in eight days after its financial adviser said the transaction might earn the district $16 million by 2034.
BUSINESS
By BLOOMBERG NEWS | December 5, 2006
Just-in-time inventories are turning into just-too-much at companies around the world. From Dodge Ram pickup trucks to Sanyo mobile telephones, unsold goods are piling up around the world. That may become a drag on global economic growth as companies idle workers and production lines to clear out the excess. Factory inventories worldwide rose faster than sales last quarter for the first time since 2001, according to economists at UBS AG in London. Behind the build-up: an unexpected slowdown in demand, especially in the United States, brought on by the midyear surge in energy prices and a housing slump.
NEWS
By Laura Smitherman and Laura Smitherman,Sun reporter | November 29, 2006
Stifel Nicolaus & Co., the St. Louis company that bought part of Legg Mason Inc., plans to move to a signature downtown building where it will add its name to the city's skyline, a sign that Baltimore's investment banking community is growing again after being hit by the sale of Alex. Brown & Sons. Stifel announced yesterday that it signed an 11-year lease for four upper floors at One South Street. The 30-story building had been occupied largely by Alex. Brown employees until Deutsche Bank AG took over the investment banking firm eight years ago and steadily reduced its work force in Baltimore.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | June 30, 1999
Frank N. Newman, who helped engineer the merger of Bankers Trust Corp. and Alex. Brown & Sons Inc. and offended many with his management style after he took over, announced his resignation yesterday from Deutsche Bank AG, which acquired Bankers Trust for $9 billion less than a month ago.Analysts said Newman's resignation was expected, especially amid growing opposition to his pending appointment to Deutsche Bank's management board."
BUSINESS
By BLOOMBERG NEWS | May 27, 1999
NEW YORK -- Deutsche Bank AG said yesterday that John A. Ross will become chief executive of its business in the Americas after its $10.1 billion purchase of Bankers Trust Corp. is completed next month.The announcement did not mention Bankers Trust Chief Executive Officer Frank Newman, who, according to his employment agreement, will be paid at least $55 million over the next five years to be chairman and chief executive of New York-based Bankers Trust and co-head of Deutsche Bank's global commercial and investment bank.
BUSINESS
By JAMIE SMITH HOPKINS and JAMIE SMITH HOPKINS,SUN REPORTER | April 7, 2006
Enterprise Community Partners, the affordable-housing brainchild of Columbia founder James W. Rouse, launched an investment fund yesterday with Deutsche Bank to reach beyond usual sources of capital for revitalization efforts and attract new blood - and money - to the cause. They hope to raise and invest $15 million. The bank will target corporations and well-off individuals who like the idea of investing in the redevelopment of lower-income neighborhoods but don't have experience doing it. That would expand the circle of funding beyond financial institutions, the traditional lenders.
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