$GS Downgrades $DB

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Deutsche Bank AG (DBK) fell the most in more than five months after Goldman Sachs (GS)Group Inc. cut the company to sell from hold, saying it may have to transfer $13 billion to its U.S. unit under new capital rules.

Deutsche Bank slid as much as 6.2 percent, the biggest intraday drop since Sept. 26, and traded at 33.07 euros at 1:40 p.m. in Frankfurt. The stricter requirements may hurt profit atEurope’s biggest bank by assets and require it to ask shareholders for more money, Goldman Sachs analysts including Jernej Omahen wrote in an e-mailed report from London today….”

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$GS Downgrades $DB

95 views

Deutsche Bank AG (DBK) fell the most in more than five months after Goldman Sachs (GS)Group Inc. cut the company to sell from hold, saying it may have to transfer $13 billion to its U.S. unit under new capital rules.

Deutsche Bank slid as much as 6.2 percent, the biggest intraday drop since Sept. 26, and traded at 33.07 euros at 1:40 p.m. in Frankfurt. The stricter requirements may hurt profit atEurope’s biggest bank by assets and require it to ask shareholders for more money, Goldman Sachs analysts including Jernej Omahen wrote in an e-mailed report from London today….”

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Comments are closed.