|Bid||14.18 x 1300|
|Ask||14.24 x 4000|
|Day's range||14.10 - 14.27|
|52-week range||7.84 - 15.34|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||22.53|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||19 May 2017|
|1y target est||10.69|
Europe’s top banking regulator is pushing Deutsche Bank to find a successor to chair Paul Achleitner, who will leave in May 2022 when his second five-year term expires. The European Central Bank has repeatedly urged Germany’s largest lender to come forward with a clear succession plan in recent months, people briefed on the matter told the Financial Times. “Corporate governance is a key regulatory priority [for the ECB],” one of the people said, adding that the succession was a key matter for discussion between the bank and the regulator.
Deutsche Bank warned of a €300m hit to its 2021 profits as Germany’s largest lender digested the financial fallout of a court verdict that nullified past increases of current account fees in its home market. In April, it disclosed that it would miss its 2021 cost-cutting target by €400m due to it having to pay more than expected into the EU’s bank bailout funds. It will also shoulder a €70m payout to Germany’s private banking deposit insurance scheme, which suffered a hit of more than €3bn from the collapse of Greensill Bank.
The sudden departure of two veteran Deutsche Bank executives is linked to a continuing investigation into the alleged mis-selling of foreign exchange derivatives to corporate clients in Spain, people familiar with the matter told the Financial Times. Germany’s largest bank on Tuesday informed staff that Louise Kitchen, head of Deutsche’s asset wind-down unit, and Jonathan Tinker, co-head of global foreign exchange, were both stepping down and would leave the bank. Deutsche Bank did not give reasons for the departures, two of several senior management changes announced on Tuesday.