Deutsche Bank was founded in 1870. Since its inception Deutsche Bank had always had a global view of the banking industry, the mindset of the founders of the bank was to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets. What they were attempting to do was to challenge the hegemony of British banks, which at this time dominated the financing of the German foreign trade. Today Deutsche Bank
Deutsche Bank and the Road to Basel III Deutsche Bank made its entrance into the world in 1870 and it was one of the first banks to adopt universal banking as it promoted and facilitated trade relations between Germany and other overseas markets. Deutsche Bank acquired smaller banks in Germany in order to be the most prominent bank in their home base in addition to having a global reach. Following World War I, inflation took over Germany causing many borrowers to default on their loans forcing the
products and suppliers in the United States. The problem arises when ICL asked Deutsche Bank Securities to arrange the financing and propose a deal structure that would make ICL win against other four bidders. Hence, in this leveraged buyout, there are four main concerns needed to be considered, which are; 1. ICL required that bid prices would need to reflect at least 30 percent rate of return or IRR | 2. Deutsche Bank Securities must evaluate whether the deal will be worth the cost for ICL,
apple’s deal with the Irish allowed the company to pay basically nothing on its business. This deal allowed apple to pay only 50 euros for every million euros in profit in 2014. However, Ireland’s corporate tax rate is at 12.5% and is one of the lowest in the developed world. This low tax rate is a huge incentive for companies to cut down on their expenses. • Samsung recalls Note 7 After news of the exploding battery on Samsung’s Note 7, the South Korean company has decided to issue a recall of all
DEUTSCHE BANK SECURITIES: FINANCING THE ACQUISITION OF CONSOLIDATED SUPPLY S.A. Teaching Note Synopsis and Objectives In November 2003, Maria Ober, a vice president of Deutsche Bank Securities, received a client request for financing the acquisition of a large hospital-supply distributor. The client needed to present the seller with an offering price and an indication of financial commitment within two weeks. The contemplated transaction entailed a highly-leveraged acquisition of the target
Deutsche Brauerei Teaching Note Synopsis and Objectives A newly-appointed director of a small German beer brewer must prepare to vote on three issues coming before the board of directors the next day: (1) approval of the financial plan for 2001, (2) declaration of the quarterly dividend, and (3) adoption of an incentive compensation plan for the marketing manager. The student’s task is to evaluate the past and prospective financial performance of the company and to critique its liberal
Introduction: This paper will examine the roles that investment and commercial banks play in creating and predicting systemic risk in the global economy. This topic is of particular relevance due to the events that unfolded in the economic sphere nearly a decade ago during the financial crisis of 2007-2008. Our study will provide a detailed rendering of the crisis, outlining each of the key factors that contributed to the crash in an attempt to gain a better understanding of what happened and
must be considered. Ultimately, the economy is in an area of low growth and low interest rates and that has profound implications on the future of the economy. For example, the global debt level has increased to 152 trillion dollars, with 11% of firms in emerging markets being classified as having repayment capacity. If another slowdown were to occur, it would be extremely difficult for some firms, such as Twitter or Deutsche Bank, to weather the downturn. They all this the ?Debt Overhang?, or
Bargaining power of Customer: Buyer concentration to firm concentration ratio: Bank industry is a high buyer concentration industry, many people use bank service, such as deposit money, mortgage, loan, investment, insurance and currency exchange (HIGH). The concentration ratio of international bank industry is medium, many large bank exist in the world, such as Standard Chartered, CitiBank, HSBC, Fortis, and Deutsche Bank (Medium). Buyer information availability (HIGH): When Internet becomes changing
mortgages takers with adjustable-interest rates had high interest payments. All this led to a high number of default and strong decrease in house prices. This general weaker economic situation led to a decrease in Bond yields. The decrease became even faster at the end of 2007, when the more creditworthy borrowers were also unable to repay their mortgages. As reaction to the bad economic situation in 2008 the FED has opened its discount window and lowered the discount rate by 1% in order to make it cheaper