Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Deutsche's $6-Billion Deal Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 23, 2011

Deutsche's $6-Billion Deal

News summary by MFWire's editors

Deutsche Bank appears ready to "jettison" much of its asset management business for upwards of $6 billion. Yesterday the giant German bank unveiled its re-examination of its asset management businesses as a "strategic review" [see MFWire.com, 11/22/2011], yet Dow Jones' Eyk Henning and Laura Stevens pounced by calling a spade a spade, a signal that the giant German bank "would jettison" DWS [see profile] and other asset management subsidiaries, for up to 4.5 billion euros (almost $6.1 billion).

Deutsche clarified that it has already decided to hang onto its core DWS mutual fund business in Asia and Europe.

The wire service notes that Deutsche's asset management arm "has struggled for years to gain scale," after expanding the U.S. side through the Bankers Trust acquisition more than ten years ago and the Scudder deal nine years ago.

"Deutsche Bank had always struggled to deliver competitive profitability in this business," Nomura analyst Jon Pearce told Dow Jones. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use