Deutsche Bank Finally Settles RMBS Case With U.S. Department of Justice
Deutsche Bank announced that it has reached a $7.2 billion settlement agreement with the U.S. Department of Justice regarding its residential mortgage-backed securities investigation. We will maintain our fair value estimates for Deutsche Bank at EUR 16.60 per share and $18.30 per ADR as well as our no-moat rating.ÂAs was widely expected, the fine is not as high as the originally pronounced figure of $14 billion. However, the total fine is higher than our expectation of $4.7 billion and at the ...
Deutsche Bank is a holding company acting as an international financial service provider. Co. offers a wide variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Co. has operations or dealings with existing or potential customers in most countries in the world. Co. is organized into the following six corporate divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Private, Wealth & Commercial Clients (PW&CC); Deutsche Asset Management (Deutsche AM); Postbank (PB); and Non-core Operations Unit (NCOU).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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