Thursday, October 27, 2016
Joined Nov 11, 2007
31,930 Blog Posts

$GS Downgrades $DB

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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