Monday, 3 August 2020, 20:14:00
NEW YORK–(BUSINESS WIRE)–Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Li Auto Inc. Li Auto Inc. (NASDAQ: LI) designs, develops, manufactures, and sells premium smart electric SUVs, including extended-range electric vehicles, or EREVs, in China. Its first model, Li ONE, is a six-seat, premium electric SUV equipped with a range extension system and smart vehicle solutions. Li Auto started the volume production of L
— Business Wire
Silver Just Had Its Best Month In 40 Years: Here Are July’s Best And Worst Performing Assets
Monday, 3 August 2020, 19:22:10
Silver Just Had Its Best Month In 40 Years: Here Are July’s Best And Worst Performing Assets Tyler Durden Mon, 08/03/2020 – 13:22 When looking at the torrid market performance in July, Deutsche Bank’s Jim Reid notes that silver (+35%) had its best month since December 1979 while the dollar the worst for a decade. US equities had a good month in spite of rising virus caseloads due to a strong earnings season relative to expectations, especially in tech towards the end of the month. YTD Silver, Gold and the NASDAQ have been the three best performers while at the bottom of the leaderboard Brent, WTI and European Banks are all down at least 30%. Below we present some of the key highlights from Deutsche Bank’s July 2020 performance review While July proved to be another decent month for risk assets, it was the performance of two other assets in particular which caught the eye. The first was Silver, which had its strongest month since December 1979. The second was the weakness in the USD, which ended with the USD spot index dropping by the most in a single month since September 2010.
— Zero Hedge
Deutsche Bank launches internal probe into personal banker of Donald Trump and Jared Kushner: report
Monday, 3 August 2020, 17:58:39
Deutsche Bank launched an internal investigation into the longtime personal banker of President Donald Trump and son-in-law Jared Kushner, according to The New York Times. Trump relied heavily on the bank for loans when other top banks refused to do business with him after a series of bankruptcie
Trump & Kushner’s personal banker under scanner
Monday, 3 August 2020, 17:43:13
Deutsche Bank has opened an internal investigation into the longtime personal banker of President Donald Trump and his son-in-law, Jared Kushner, over a 2013 real estate transaction between the banker and a company part-owned by Kushner.In June 2013, the banker, Rosemary Vrablic, and two of her Deutsche Bank colleagues purchased a Park Avenue apartment for about $1.5 million from a company called Bergel 715 Associates, according to New York property records.Kushner, a senior adviser to the president, disclosed in an annual personal financial report late Friday that he and his wife, Ivanka Trump, had received $1 million to $5 million last year from Bergel 715. A person familiar with Kushner’s finances, who wasn’t authorized to speak publicly, said he held an ownership stake in the entity at the time of the transaction with Vrablic.When Vrablic and her colleagues bought the apartment on Manhattan’s Upper East Side, Donald Trump and Kushner were her clients at Deutsche Bank. They had received roughly $190 million in loans from the bank and would seek hundreds of millions of dollars more.Typically banks restrict employees from doing personal business with clients because of the potential for conflicts between the employees’ interests and those of the bank.Deutsche Bank said it had not been aware that Vrablic and her colleagues had done business with a company part-owned by Kushner until being contacted by The New York Times.“The bank will closely examine the information that came to light on Friday and the fact pattern from 2013,” said Daniel Hunter, a bank spokesman.A lawyer for Vrablic, a senior private banker and managing director at Deutsche Bank, declined to comment.The White House referred questions to the Kushner family’s real estate company.
— Economic Times India
Personal banker to Trump and Jared Kushner under review by Deutsche Bank over real estate deal
Monday, 3 August 2020, 16:46:12
Deutsche Bank has begun an internal review of the personal banker to President Trump and his son-in-law, Jared Kushner, regarding a 2013 real estate purchase she made.
— Washington Examiner