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Morning Coffee: How could Andrea Orcel let this happen? The most dysfunctional relationship between an analyst and an MD

Early in the year, we already have a candidate for the craziest job move of 2019.  Andrea Orcel’s move from Head of Investment Banking at UBS to CEO-designate of Santander is off. How can this be? Well, according to the early news reports, Orcel and Santander had both presumed that he would get some sort of “good leaver” status with respect to his enormous accrued deferred pay. This presumption was based on the fact that Santander doesn’t compete directly with UBS and has been a very good invest...
Tags: Europe, UK, Job Market, Bloomberg, Analysis, Paris, Credit Suisse, Insight, Ubs, Merrill Lynch, Jp Morgan, Deutsche Bank, Tidjane Thiam, Santander, Sarah, Citi


Deutsche Bank well prepared for any Brexit outcome

Deutsche Bank is well prepared for all Brexit scenarios, the bank's chief executive said on Tuesday ahead of a British vote that could reject Prime Minister Theresa May's deal to leave the European Union.
Tags: Money, businessNews, Theresa May, Deutsche Bank


Rudgers joins Stonington Capital Advisors

Dan Rudgers has joined Stonington Capital Advisors as a senior managing director effective Jan. 14. Most recently, Rudgers held a senior distribution role at First Avenue Partners and was previously a managing director on Lazard’s private fund advisory team. PRESS RELEASE Stonington Capital Advisors, a leading global placement agent for lower middle market private equity funds and independent sponsors announces that Dan Rudgers has joined the firm as a Senior Managing Director effective Monday J...
Tags: Trends, People, Deutsche Bank, Lazard, Lehman Brothers, Dan, Stonington, First Avenue Partners, Stonington Capital Advisors, Justin Garrod, Dana Pawlicki, Canada Most, Dan Rudgers, Rudgers, Lazard 's Private Fund Advisory, Stonington Co Founders


An MD who complained of ‘historic under-investment’ in IT just left Deutsche Bank

Another problem for Deutsche Bank: it needs to increase investment in its technology systems.
Tags: Job Market, Analysis, Insight, Deutsche Bank, News &, IT in Finance


SoftBank spent $900 million in investment banking fees in 2018. The only entity it lagged — the People's Republic of China.

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


Deutsche Bank is moving jobs out of the Sunshine State to India to cut costs

Deutsche Bank AG is offshoring around 60 accounting jobs out of Florida to India, Bloomberg reported on Friday, citing sources. The move comes as part of a larger shift by the struggling German lender to move back-office staff members to lower-cost countries. Deutsche Bank AG, which several years ago moved staff out of New York to cheaper US cities, is now shifting some of those those jobs to India. Germany's largest lender is relocating around 60 accounting positions to Mumbai from Jacksonv...
Tags: Florida, New York, India, New York City, US, Trends, Bloomberg, Frankfurt, Deutsche Bank, Silicon Valley, Goldman Sachs, Salt Lake City, Mumbai, Morgan Stanley, Panama, Jacksonville


A small number of banks profited from a SoftBank dealmaking bonanza in 2018 — one of the most lucrative fee opportunities in modern history

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


US recession risk hits 6-year high amid trade war, shutdown

By Katia Dmitrieva, Chibuike Oguh and Catarina Saraiva, Bloomberg Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months, up from 20 percent in the December survey. The Federal Reserve is now projected to keep interest rates steady in the first quarter,...
Tags: Business, News, China, US, Bloomberg, Sport, Economy, Soccer, Deutsche Bank, Federal Reserve, Disneyland, Donald Trump, Southern California, Macy, Kohl, Ryan


Deutsche Bank sustainably cut costs in 2018, CFO says

Deutsche Bank sustainably cut costs in 2018, the lender's finance chief said on Friday, seeking to allay a major concern held by investors in recent years.
Tags: Money, businessNews, Deutsche Bank


Kline Hill expands with several hires

Kline Hill Partners, a small-market focused secondaries shop, has made several hires over recent months. The firm, based in Greenwich, Conn., hired Aristidis Economou and Kathryn Cholko as deal associates last year. Economou joined from Deutsche Bank, while Cholko joined from Deloitte. More recently, Kline Hill hired Alyson Seufert as an executive assistant; Eric Giorno as a junior fund accountant; and James Bradshaw as a deal associate. Seufert formerly worked as an executive assistant at Green...
Tags: Trends, People, Deutsche Bank, GREENWICH Conn, Bradshaw, Pace University, Seufert, Economou, Giorno, Greenfield Partners, Kline Hill, Kline Hill Partners, Aristidis Economou, Kathryn Cholko, Cholko, Deloitte More


Clariant begins 2020 sale plan with search for pigments buyer: Reuters

FRANKFURT/ZURICH (Reuters) – Switzerland’s Clariant (CLN.S) has begun the sale of its pigments business as part of wider a streamlining which it has said it will complete by the end of 2020, sources said. Saudi Arabia’s Saudi Basic Industries (SABIC) bought a 25 percent stake in Clariant last year, ending a dispute between the Swiss company and U.S.-based activist investor White Tale which scuttled a planned merger with U.S.-based Huntsman Corp. Clariant has mandated Deutsche Bank (DBKGn.DE) to ...
Tags: Saudi Arabia, China, India, Trends, Basf, Frankfurt, Switzerland, M&a, Deutsche Bank, Reuters, SABIC, HUNTSMAN, Clariant, Keith Meister, Huntsman Corp Clariant, White Tale


Watchdog orders Deutsche Bank to re-examine 20,000 risky customers by June

Germany's financial markets watchdog is requiring Deutsche Bank to re-examine the files of about 20,000 risky clients by the end of June as part of its "know your customer" process, a person familiar with the matter said on Wednesday.
Tags: Money, Germany, businessNews, Deutsche Bank


COMMENT: I’m a senior banker at Deutsche Bank and I believe that my bonus will be big

I am confident that my bonus will be up this year. This is why.
Tags: Job Market, Analysis, Insight, Deutsche Bank, News &


Deutsche Bank Raises UMG Valuation 45% To $33 Billion As Sales Search Continues

Deutsche Bank has raised its valuation of Universal Music Group 45% to $33.19 billion, up from a previous  $22.86 billion. That values UMG higher than the market capitalization of its parent company Vivendi, which currently sits at $32.35 billion. "With the hype around UMG stake sale having subsided, there is now scope for valuation to surprise to the upside in 2H 2019," says Deutsche Bank says. The bank sees music streaming revenue growing to $21B by 2023 from $7B last year, reports Seek...
Tags: Music, Alibaba, Musicians, Deutsche Bank, Sirius Xm, Stock, Vivendi, Music Business, Music Tech, Major Labels, Umg, Musician, Bruce Houghton, Liberty Media, Startups & Funding, Seeking Alpha Vivendi


Deutsche Bank to cut 2018 bonus pool by about 10 pct: Bloomberg

Deutsche Bank's management board has decided to cut the lender's 2018 bonus pool by around 10 percent in an effort to cut costs while retaining talent, Bloomberg reported.
Tags: Money, Bloomberg, businessNews, Deutsche Bank


Nexon founder hints at plan to sell his $9B majority share in gaming giant

The founder of Korea’s Nexon, one of the biggest gaming companies on the planet, today appeared to acknowledge his intention to sell his controlling interest for around $9 billion. The divestment has been a hot rumor after a  report from newspaper Korea Economic Daily this week [ via Reuters ] suggested that Jung-Ju Kim, who founded Nexon back in 1989, is moving to sell nearly all of his holdings in the firm, which is listed on the Tokyo stock exchange. Kim, the paper claimed, is tired of the...
Tags: Google, TC, Asia, South Korea, Japan, North Korea, China, Tech, EA, Korea, Tencent, Deutsche Bank, Tokyo, Kim, North America, Morgan Stanley


Insight: Audits reveal Deutsche Bank's links to tax trade scandal

There are "lots of indications" that some managers discussed "the reputational risks" of Deutsche Bank's involvement in a share-trading scheme that is the subject of Germany's biggest post-war fraud investigation, according to a conclusion in one of five internal audits seen by Reuters.
Tags: Money, Germany, businessNews, Deutsche Bank


Nexon Founder Kim Jung-ju Selling Controlling Stake in Company

Kim Jung-ju, founder of South Korean video game company Nexon, is selling his controlling stake in the company to the tune of 10 trillion won ($8.9 billion). The news comes by way of Reuters, reported on Thursday. Jung-ju, the biggest stakeholder in Nexon holding company NXC Corp., has tapped Morgan Stanley and Deutsche Bank to […]
Tags: South Korea, News, Sales, Deutsche Bank, Morgan Stanley, Reuters, Kim Jung, Nexon, NXC Corp


Analyst who predicted market chaos for 2018 has a Fed theory

There's one sell-side analyst who managed to predict this year's volatile markets and he doesn't come with a wizard nickname in recognition of his prognosticative skills.Deutsche Bank strategist Aleksandar Kocic wrote earlier this... [Author: [email protected]]
Tags: Business, Deutsche Bank, Fed, Aleksandar Kocic


Morning Coffee: It’s 2019 and Deutsche Bank would like everyone to calm down. No long-distance commuting after Brexit

Deutsche Bank is trying to start the new year in a state of calmness and stability.
Tags: Job Market, Analysis, Insight, Deutsche Bank, News &


Wall Street banks have been fighting like crazy over top tech bankers, and they're spending millions to get them in the door

Hundreds of senior bankers have shuffled seats in the most active year for moves since the financial crisis. Tech bankers are the most coveted, and they're still getting poached — which is atypical this late in the year. Investment banks are paying millions to lure senior tech bankers, who commonly make 1.5 times as much as bankers in other sectors. Tech was the most active M&A sector this year, producing $670 billion worth of deals.  Wall Street investment banks are still shopping this Decem...
Tags: Twitter, New York, Microsoft, US, Trends, Barclays, Credit Suisse, Ubs, Citigroup, Imran Khan, Deutsche Bank, Anthony Noto, Ibm, Goldman Sachs, Khan, Morgan Stanley


Deutsche Bank sees three Fed rate hikes, more weakness for Chinese yuan in 2019

Deutsche Bank now expects the U.S. Federal Reserve to hike rates three times next year, down from a previous forecast of four rate increases, the firm said in its 2019 outlook.
Tags: Money, businessNews, Deutsche Bank, Fed, U S Federal Reserve


Why you should visit Wellington

Wellingtonians know their small city is special. The New Zealand capital keeps earning awards for its cool city status, including being named the most liveable city in the world by Deutsche Bank two years running. Wellington has all the creative energy of a full-on a capital city — but it’s small enough to explore on foot. The wind is notorious, but on a good day, the city bubbles with energy as everyone flocks to the waterfront. You can’t beat Wellington on a good day, and it’s pretty epic e...
Tags: Travel, Molly, New Zealand, Deutsche Bank, Melbourne, Peter Jackson, Duke, Wellington, Sussex, David Jones, South Island, Picton, Kapiti, Ruben, Wairarapa, Lambton Quay


United States: Deutsche Bank Settles Two BlackRock RMBS Suits - Orrick

Deutsche Bank settled with BlackRock and other RMBS investors in New York federal (BlackRock Balanced Capital Portfolio (Fi) v. Deutsche Bank National Trust Company, S.D.N.Y., No. 1:14-cv-09367)
Tags: New York, News, United States, Deutsche Bank, Blackrock, Rmbs, Deutsche Bank Settles Two BlackRock, BlackRock Balanced Capital Portfolio Fi, Deutsche Bank National Trust Company


Wall Street Banker Gives It Up To Turn Around Struggling Brooklyn Conservatory Of Music

Chad Cooper, a 45-year-old former managing director at Deutsche Bank in New York, left that lucrative job to become executive director of the conservatory, 121 years old but at that point nearly insolvent. And he seems to have rescued the BCM, which brings the only music lessons available to hundreds of public school students and provides music therapy to 1,500 clients, including seniors with dementia and children with autism. — Fast Company
Tags: Art, Music, New York, Deutsche Bank, SJM, Chad Cooper, 12.13.18


#Qatar denies reported plans to raise stake in Deutsche Bank | ZAWYA MENA Edition

Qatar denies reported plans to raise stake in Deutsche Bank | ZAWYA MENA Edition:The Qatar Financial Centre released a statement on Monday distancing itself from a newspaper report which said it planned to raise its stake in Deutsche Bank.German newspaper Handelsblatt reported on Sunday that Qatar is considering increasing its stake in Deutsche Bank from a current 6.1 percent holding. The state-owned centre's chief executive, Yousuf Mohamed Al-Jaida, reiterated at an event last week that Qatar p...
Tags: Travel, Germany, Qatar, Deutsche Bank, Rupert Neil Bumfrey, Yousuf Mohamed al Jaida, Deutsche Bank German newspaper Handelsblatt


#Qatar considering increasing its stake in Deutsche Bank: Handelsblatt | Reuters

Qatar considering increasing its stake in Deutsche Bank: Handelsblatt | Reuters:Qatar is considering increasing its stake in Deutsche Bank (DBKGn.DE), newspaper Handelsblatt reported on Sunday.The Qatari royal family already holds a 6.1 percent stake in Deutsche Bank, according to Deutsche Bank’s website. Qatar controls over 9 percent, once derivative positions are take into consideration, Handelsblatt said.“We will invest in a large financial institution in Germany. This was discussed in the ma...
Tags: Travel, Germany, Qatar, Deutsche Bank, Doha, Handelsblatt, Rupert Neil Bumfrey, Deutsche Bank DBKGn DE, Qatar Financial Center, Yousuf Mohamed al Jaida


Top Democrat Schiff Adds Call for Probe of Trump, Deutsche Bank Links

Representative Adam Schiff of California said on NBC’s “Meet the Press” Sunday that any type of compromise needs to be investigated. Schiff’s comments came three days after Wall Street critic Elizabeth Warren of Massachusetts and fellow Senate Democrat Chris Van Hollen called for a Banking Committee investigation of Deutsche Bank’s compliance with U.S. money-laundering regulations.
Tags: News, Nbc, California, Senate, Massachusetts, Elizabeth Warren, Deutsche Bank, Adam Schiff, Schiff, Chris Van Hollen, Banking Committee, Trump Deutsche Bank Links


Qatar considering increasing its stake in Deutsche Bank: Handelsblatt

Qatar is considering increasing its stake in Deutsche Bank, newspaper Handelsblatt reported on Sunday.
Tags: Money, Qatar, businessNews, Deutsche Bank, Handelsblatt