Karen Weaver, global head of Deutsche Bank's securitization research division -- responsible for analyzing credit default swaps, collateralized mortgage obligations, and other exotic Wall Street products -- said last week that 48% of U.S. mortgage owners will end up owing more than their home is worth by 2011.
Nearly half the nation's mortgage borrowers will soon owe more on their mortgages than their homes are worth, according to a new report.
AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars last fall as part of a federal bailout of the troubled insurer.
Stocks slumped Wednesday morning as a dismal retail sales report and ongoing worries about the financial services sector underscored fears about the depth of the recession.
Europe's stock markets opened modestly higher after solid gains in Asia and amid mounting expectations that the European Central Bank and the Bank of England will aggressively cut borrowing costs
As the world loses confidence in the foundations of its economic system, the silver lining may be that oil prices are about to get a whole lot cheaper.
A tight credit market prompted Viacom Inc.'s movie-making subsidiary, Paramount Pictures, to drop a deal for $450 million in financing from Deutsche Bank
Angry investors are suing some of Wall Street's biggest brokers because they can't access money they poured into investments, known as auction-rate securities, that have long been billed as short-term and low-risk.
Stocks surged Tuesday, with the Dow jumping close to 400 points on the first day of the new quarter, as investors cheered signs that the companies hit hardest by the credit market crisis seem to be working through the problems.
UBS investors are paying a princely sum for the Swiss bank's real estate ambitions.
Karen Weaver, global head of Deutsche Bank's securitization research division -- responsible for analyzing credit default swaps, collateralized mortgage obligations, and other exotic Wall Street products -- said last week that 48% of U.S. mortgage owners will end up owing more than their home is worth by 2011.
Nearly half the nation's mortgage borrowers will soon owe more on their mortgages than their homes are worth, according to a new report.
AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars last fall as part of a federal bailout of the troubled insurer.
Stocks slumped Wednesday morning as a dismal retail sales report and ongoing worries about the financial services sector underscored fears about the depth of the recession.
Europe's stock markets opened modestly higher after solid gains in Asia and amid mounting expectations that the European Central Bank and the Bank of England will aggressively cut borrowing costs
As the world loses confidence in the foundations of its economic system, the silver lining may be that oil prices are about to get a whole lot cheaper.
A tight credit market prompted Viacom Inc.'s movie-making subsidiary, Paramount Pictures, to drop a deal for $450 million in financing from Deutsche Bank
Angry investors are suing some of Wall Street's biggest brokers because they can't access money they poured into investments, known as auction-rate securities, that have long been billed as short-term and low-risk.
Stocks surged Tuesday, with the Dow jumping close to 400 points on the first day of the new quarter, as investors cheered signs that the companies hit hardest by the credit market crisis seem to be working through the problems.
UBS investors are paying a princely sum for the Swiss bank's real estate ambitions.
It's another gloomy day for the financial services industry.
For New Yorkers it felt like a flashback to Sept. 11. At 3:36 P.M. on Aug. 18, 2007, came a report that a skyscraper was burning about 150 feet from where the World Trade Center's Twin Towers once stood. Thick black smoke was pouring out of the shell of what used to be the Deutsche Bank building. The structure had been badly damaged in the terrorist attack when portions of the collapsing south tower dug a 15-story gash and propelled toxic dust into it. Six years later the bank building was finally being taken down.
Stocks slipped Friday morning, with financial and technology shares leading the decline, as investors remained uneasy after the previous day's losses.
U.S. stocks edged higher Friday as investors focused on individual corporate developments.
As the market flirts with recession, many of the top performers are healthcare providers, suggesting that the sector could be returning to its old reputation as a safe port in a storm.
Stocks rallied at the start of trading Wednesday as talk of further interest rate cuts grew.
Several top Wall Street firm face a New York State probe into whether their packaging and selling of debt tied to high-risk mortgages violated the law, according to a published report.
Growing unease among investors has driven banks in Europe to temporarily suspend trading of covered bonds, the latest sign of the deepening problems in the mortgage debt market.
U.S.-based health care companies have been enjoying a nice sales lift from the weak dollar, which is expected to snowball on the continued weakness of the American currency, analysts say.
The credit crunch has many holders of bank and brokerage stocks quaking in their boots. But Chuck Lahr, manager of Franklin Templeton's Mutual Financial Services fund, isn't one of the worriers. Four years ago Lahr began shifting money out of U.S. financial services and into European financial stocks, which held up better in the recent turmoil.
Facing a sizeable amount of commercial paper due for renewal, banks and other issuers are sweetening offers to lure skittish investors back in, according to a report published Monday.
The head of Deutsche Bank AG, Germany's biggest bank, said Tuesday that conditions in financial markets are starting to stabilize after a month of market swings related to the U.S. subprime mortgage crisis.
Deutsche Bank AG said Monday it had retained former Federal Reserve Chairman Alan Greenspan to advise its investment banking team and clients on a range of issues affecting markets.
Deutsche Bank is expected to announce Monday that it has hired former Federal Reserve chief Alan Greenspan as a senior adviser, according to a published report.
Despite oil's record high last week, forget about crude going to $100 a barrel.
This is a big week for the U.S. drug industry's earnings, with mixed results expected from a slew of brand-name drugmakers that carry a common theme: getting squeezed by the loss of blockbuster products.
In a packed lecture hall at Cornell University, Dr. Ash Tewari recently showed a 3D video of a robotic claw surgically removing a prostate, as medical professionals watched stoically and reporters squirmed in their seats.
Stocks finished lower Friday amid a steep selloff in the influential chip sector and a rash of hawkish comments from Federal Reserve officials.
Stocks finished lower Friday amid a steep selloff in the influential chip sector and a rash of hawkish comments from Federal Reserve officials.
Stocks turned weaker Friday afternoon, amid a steep selloff in the influential chip sector and a rash of hawkish comments from Federal Reserve officials.
Stocks struggled near midday Friday, as investors welcomed upgrades on the Big Three automakers and a strong start for hedge fund Fortress Investment Group, but held back as oil flirted with $60 a barrel and Treasury yields jumped.
Stocks struggled Friday morning, as investors welcomed upgrades on the Big Three automakers and a strong start for hedge fund Fortress Investment Group, but held back as oil flirted with $60 a barrel and Treasury yields jumped.
Born in Hanoi and raised in Saigon, Lan Tran Cao started cooking for her family of 13 when she was only 12. She took lessons in haute cuisine from French chefs through her teens, then opened two su...
Deutsche Bank Securities was dropped as an underwriter of the initial public offering of car rental company Hertz Global Holdings Inc.
Deutsche Bank Aktiengesellschaft ranks no. 48 on FORTUNE's Global 500 this year, with $76.2 billion in revenues, up 36.9% from the previous year. The Frankfurt, Germany-based company was ranked no. 68 on the 2005 list. Its 2005 profits were $4.4 billion, up 42.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
Robotic arms could be the future for surgery, and the future looks bright, but it won't come cheap.
Germany's two-largest financial companies, Allianz AG and Deutsche Bank AG, each trumpeted market conditions for posting better-than- forecast profit growth during the first quarter.
Now that the nation's big drugmakers have reported mostly strong first-quarter results, how do things look going forward?
The Federal Reserve Bank of New York has called a meeting with certain Wall Street firms to discuss the credit derivatives markets, The New York Times reported.
Despite a tough investing environment and mediocre returns, investors in hedge funds say they plan to put more money into those funds, according to a new survey.
We're in the countdown to the December jobs report, always a big market focus and often a big market mover.
Bond prices surged Friday after a report showed far fewer jobs were created in November than expected, and the dollar struck a new low against the euro, reversing a brief rally that began late Thursday.
Stocks rose Monday, posting small gains at the start of a week heavy on economic and earnings news.
Technology stocks ended mostly lower Wednesday, after a downgrade on Cisco Systems Inc. brought down sentiment in the entire tech sector.
Deutsche Bank Securities will pay $87.5 million and Thomas Weisel Partners will pay $12.5 million to settle conflict-of-interest securities research charges with government regulators, the Securities and Exchange Commission said Thursday.
Bonds dipped mid-morning on news the mosque stand-off in Iraq could be coming to a close, reversing earlier gains made on high oil prices fueled by the violence.
Treasurys rallied and the dollar fell Thursday as a report on durable goods proved to be weaker than expected, adding to speculation that the Federal Reserve would shy away from an aggressive interest rate hike.
Industrial output showed surprising strength in the United States in February, the Federal Reserve said Monday, a sign the long-suffering manufacturing sector continued its recent recovery.
Citigroup is Viagra for Deutsche Bank's share price.
The economy grew at a slightly faster pace in the fourth quarter than initially estimated, the government said Friday, as robust business investment offset sluggish consumer spending and a wider trade gap.
For a man about to go on trial for a crime that could send him to prison for ten years, Josef Ackermann, CEO of Deutsche Bank, seems remarkably calm. It's not long before Christmas, and sitting in ...
Most of the time when Ralph Lamar, the head marshal at Pebble Beach, reminds golfers of the course's strict new time limit of four hours and thirty minutes, he doesn't have a problem. Every so ofte...
Will a game of chicken among three European financial giants delay the redevelopment of ground zero?
If you're bewildered by the President's $350 billion tax package, you're not alone. What with labyrinthine "sunset provisions," the changes in the double taxation of dividends, and other tax tongue...
Deutsche Bank recently discovered a nasty problem at its 40-story skyscraper near Ground Zero. No, not structural damage. And not asbestos in the air either. It was something far more unexpected: m...
Back in March, HP CEO Carly Fiorina made another of her famous promises. Referring to her deal-turned-family-squabble to merge HP and Compaq, she vowed there would be "no hanging chads" from shareh...
Those who know Ed Yardeni for his deadly serious warnings about Y2K might be surprised to find he's that rare economist with a sense of humor. Poking fun at his profession's penchant for obfuscatio...
Poor Rolf-E. Breuer. The perpetually tanned chief of Deutsche Bank had hoped that his proposed $30 billion merger with Dresdner Bank would allow him to retire elegantly a couple of years from now a...
For more than two years, Ed Yardeni, Deutsche Bank's chief economist, has been Wall Street's biggest Y2K agitator. His forecast--that Y2K had a 70% chance of causing a global recession this year--a...
As the rocky marriage of Citicorp and Travelers suggests, financial mergers can make for uncomfortable bedfellows. So why does Deutsche Bank CEO Rolf Breuer (pictured above), who has had problems i...
The year 2000 computer bug could leave us hunting, farming and bartering for subsistence, explains a new book. A tract from the survivalist crowd? Hardly. Victor Porlier's Y2K: How to Protect Yours...
On June 29 the head of investment banking for Credit Suisse First Boston, Chuck Ward, checked into the Stanford Park Hotel in Menlo Park, Calif. By the time he left three days later, he had hired t...
BANKERS SAY GOODBYE TO MR. BUMP-UP
In the poaching that rocked Wall Street, Deutsche Bank nabbed Frank Quattrone, a star investment banker at Morgan Stanley, the same guy who helped orchestrate the lucrative Netscape IPO. Nobody eve...
What a difference three months makes! at the end of last year, all six of the broad fund categories that Money magazine covers--as well as the 12 narrower fund types they embrace--were awash in red...
Battered by scandals at client companies, Deutsche Bank and Germany's other blue-chip lenders are being forced to reconsider their cozy relationships with that country's biggest corporations. These...
When investors are making handsome profits in the stock market, financial services companies are likely to do pretty well too. The revenues from brokerage commissions and mutual fund management fee...
To measure your investment IQ, take this quiz, developed with the help of John Markese, president of the American Association of Individual Investors in Chicago. Anyone who keeps up with financial ...
History is unfolding so rapidly in Eastern Europe that it is tempting to just sit back and watch the show. But those who do risk missing what may be the biggest capital investment boom since the re...
On a Friday afternoon early in October, Edward A. Taber III saw the light. ''I was here in Baltimore talking on the phone with David Boardman in London.'' Boardman and he jointly manage the T. Rowe...
Picking a hot foreign stock market last year was simple. All you had to do was tack a poster-size world map on the wall, close your eyes and let fly with a few darts. Almost any country you hit was...
After stalling in the year's first quarter, the West German economy is revving up. German economists predict that gross national product will climb 3% this year and again in 1987. Inflation is just...
AN UPHEAVAL is sweeping international banking. It is best described as the search for life beyond lending. Banks are offering a bewildering array of new financial arrangements that are more like se...
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