deutsche bank ag-registered (DB) Key Developments
Deutsche Bank Announces Executive Changes
Dec 9 14
The Austrian arm of Deutsche Bank will appoint Christian Ohswald, incubent head of Raiffeisen Private Banking Vienna, as the bank's CEO. Ohswald replaces current CEO Bernhard Raumsauer as of end-March.
US Government Sues Deutsche Bank for Tax Avoidance, Seeks $190 Million
Dec 9 14
The US government has filed a lawsuit against Deutsche Bank for allegedly creating shell companies to avoid paying millions of dollars in federal taxes. The lawsuit filed by US Attorney Preet Bharara in Manhattan seeks to recover $190 million in taxes, penalties and interest. The lawsuit alleged that Deutsche Bank sold the stock for below fair value to the shell companies in 2000 to avoid a potential $51 million of federal income taxes on the gain. These shell companies in turn sold the stock to a different Deutsche Bank entity, triggering the tax liability, only to then repay the loans, leaving them without funds to pay taxes. But the German bank contends that it reached a settlement with the I.R.S. over the same tax dispute in 2009.
Cisco Systems, Inc., Deutsche Bank AG - Special Call
Dec 4 14
To consider the application centric infrastructure
Deutsche Ban k In Talks To Sell Arrowgrass Capital Partners
Dec 1 14
Deutsche Bank AG (DB:DBK) is in advanced talks to sell a minority stake in Arrowgrass Capital Partners LLP to Foundation Capital Partners, according to people familiar with the matter. Foundation Capital may acquire around 20% stake which includes Deutsche Bank’s 17.5% share for an amount between $100 million to $200 million, one of the people said. The deal could wrap up as soon as end of December 2014.
Deutsche Bank AG Presents at 16th Annual Capital Link Invest in Greece Forum: "Invest for Growth", Dec-01-2014
Nov 28 14
Deutsche Bank AG Presents at 16th Annual Capital Link Invest in Greece Forum: "Invest for Growth", Dec-01-2014. Venue: The Metropolitan Club, One East 60th St., New York, United States. Presentation Date & Speakers: Dec-01-2014, Hubert Vannier, Managing Director, Head of M&A for Financial Institutions in Europe, Middle East & Africa, Nicholas Exarchos, Head of Corporate Finance, Greece and Cyprus.