Stelco, Deutsche Bank Reach New Deal
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Stelco Inc. (STEa) said on Wednesday it had forged a new bailout plan with Deutsche Bank AG that does not require the insolvent steelmaker to have a supply contract with General Motors Corp.
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As part of the deal, Deutsche Bank will pay $7.5 million for allegedly failing to turn over e-mails promptly during the regulators&#39; investigation.
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DRESDEN, Germany  - The government of the eastern German state of Saxony on Sunday decided to sell its stricken lender SachsenLB to Stuttgart-based LBBW  for what sources said was 300 million euros in a move that speed further bank consolidation.
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French food group Danone ,  which is finalizing a 12.3 billion-euro ($17 billion) agreed  bid for Dutch baby-food and special nutrition company Numico  (NUMCc.AS), has already acquired 26.4 percent of Numico,  regulatory filings showed on Wednesday.
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SAN FRANCISCO (CBS.MW) -- Deutsche Bank (DB) and Thomas Weisel Partners settled a Securities and Exchange Commission investigation into alleged conflicts of interest over the firms&#39; research and investment banking activities.
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TORONTO (CP) - The steel market has been hotter than a blast furnace lately. So, too, are critics of Stelco Inc., who question whether the company should have been declared insolvent ahead of such strong market conditions.
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EU regulators gave the green light on Monday to Deutsche Bank&#39;s purchase of Lloyds TSB&#39;s life insurance arm, Abbey Life, after finding the deal would not stifle competition.
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LONDON, December 27  - Europeâs leading bank Deutsche Bank AG (DBK.ETR) has decided to sell its 109 properties across Germany to Eurocastle Investment Ltd for â¬300 million.
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The latest deal will provide an edge in the intensely competitive security market.
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Deutsche Bank believes that further mergers and takeovers will be seen in the European banking sector in the wake of the merger of Italian banks Intesa and San Paolo Imi, according to the head of Germany's biggest bank.
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Bear Stearns Cos , an  investment bank battered by the mortgage market slump, and  China's CITIC Securities Co (600030.SS) said on Monday they  will take investment stakes in each other and form a broad  strategic alliance.
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Denmark&#39;s biggest financial group, Danske Bank, has agreed to purchase Northern Bank in Northern Ireland and National Irish Bank in the Republic of Ireland from National Australia Bank for Â£967 million.
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United States Steel Corp. is buying the Canadian steel maker Stelco Inc. for about $1.1 billion in a move expected to bolster its position as a supplier to the North American automotive industry.
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Deutsche Bank Securities Inc. has agreed to pay $87.5 million to settle allegations of conflict of interest between investment banking and research analysts, the California Department of Corporations announced Thursday.
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The UK&#39;s Financial Services Authority approved Santander Central Hispano SA&#39;s 9.4 billion-pound ($17.4 billion) takeover of Abbey National Plc, paving the way for Europe&#39;s biggest cross-border bank merger.
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Miami-based Carnival Corp. and PLC (NYSE: CCL and NYSE: CUK) said it has signed a multibillion-dollar agreement for Italian shipyard Fincantieri to build four new cruise ships, as well as significantly redesign
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Deutsche Bank AG&#39;s C$900 million ($759 million) proposal to provide financing to Stelco Inc. was approved by an Ontario judge over the objections of rival bidders and Stelco&#39;s unions.