Posts tagged "Guggenheim Partners"
As RREEF Negotiations Fail, Uncertainty and Capital Concerns Persist

As RREEF Negotiations Fail, Uncertainty and Capital Concerns Persist

Last week Deutsche announced that it had ended negotiations with Guggenheim Partners on the potential sale of RREEF, the bank’s alternative asset management business.  According to Deutsche, “the parties were unable to agree on the terms of the sale of the business and mutually agreed to end exclusive negotiations.”  RREEF currently has about $59.7 billion in assets under management. {read more}
Is the proposed asset management sale to Guggenheim still on track?

Is the proposed asset management sale to Guggenheim still on track?

Readers may be wondering about the status of Deutsche Bank’s negotiations with Guggenheim Partners regarding the sale of the bank’s US asset management units, including DWS, RREEF and Deutsche Insurance Asset Management.  After all, it was more than three weeks ago that press reports had indicated that the Deutsche supervisory board would be meeting to finalize the deal with Guggenheim and that a public announcement was imminent. But so far there has been no such announcement. {read more}
Will Deutsche Bank Truly Free Itself from the Troubled US Asset Management Business?

Will Deutsche Bank Truly Free Itself from the Troubled US Asset Management Business?

In late February, Deutsche Bank released a statement announcing that it had entered “exclusive negotiation with Guggenheim Partners on the sale of its Asset Management businesses.”  The sale is expected to net Deutsche about $2 billion. However, a recently reported clarification of the deal suggests that Deutsche may be liable for further loses if the businesses underperform. According to Reuters, “the deal structure under discussion includes a provision whereby Deutsche Bank may have to make up for lost profits if certain assets perform below expectations after the sale.” Will the asset management business meet performance expectations after the sale? {read more}
Asset Management Sale Won’t Solve Capital Concerns

Asset Management Sale Won’t Solve Capital Concerns

As regular readers of our page well know, Deutsche Bank faces a serious capital shortfall. Let’s review just a few of the reasons: In order to meet European Banking Authority requirements, Deutsche will have to raise over €3.2bn by June. In order to fulfill Basel III SiFi requirements, Deutsche will need to raise more than €12bn by 2016. {read more}