DEUTSCHE BANK

Deutsche Bank AG braced for an economic slump by raising loan loss provisions in the second quarter, overshadowing a nearly 70 percent rise in net profit driven mainly by its investment bank.

Deutsche Bank AG's second-quarter net profit rose 68 percent to 1.092 billion euros ($1.56 billion), boosted by its investment banking arm, but loan provisions rose sharply as economic slowdown took its toll.

Deutsche Bank CEO Josef Ackermann has told Porsche's owner families of the urgency to stump up cash in order to pay down the company's debts, which have risen to 14 billion euros (20 billion pounds), a German magazine said on Saturday.

U.S. existing home sales notched their third monthly rise in June in a sign the housing industry was slowly healing, but new jobless claims rose last week in a move distorted by unusual seasonal layoffs.

Royal Bank of Scotland on Tuesday said it will merge its various Asia-Pacific investment banking teams into one group.

Deutsche Bank AG has agreed to sell Worldwide Plaza, a 1.8 million square-foot skyscraper in New York City, for $600 million to developer George Comfort & Sons and partner RCG Longview, The Wall Street Journal reported, citing two people familiar with the matter.

Dealmakers saw business pick up again in the second quarter as they helped companies raise cash in capital markets, but lucrative mergers and acquisitions (M&A) languished.

Deutsche Bank lit a seven-storey-high sign in the middle of Manhattan on Thursday that counts the total amount of greenhouse gases trapped in the Earth's atmosphere.

A consortium of around 20 companies, including Munich Re, Siemens, RWE and Deutsche Bank, plans to build a 400 billion euro ($555.3 billion) solar power project in Africa, a Munich Re executive told a German newspaper on Tuesday.

Deutsche Bank's (DBKGn.DE) Chief Executive Josef Ackermann said the global economic crisis was likely to persist and that a recovery depends on an improvement in the U.S. real estate market.

Oil retreated from session highs below $58 a barrel on Friday, but stayed within sight of six month highs after positive data on the U.S. economy.

At least two-thirds of the $410 billion of U.S. commercial mortgage-backed securities loans that mature from this year through 2018 are not likely to qualify for refinancing, according to a report by Deutsche Bank.

Deutsche Bank said Tuesday it posted better than expected first quarter profits of above expectations.

U.S. regulators have told Bank of America Corp and Citigroup Inc they may need to raise more capital following stress testing of the two banks, The Wall Street Journal reported.

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

Dutch ING plans to sell operations worth up to 8 billion euros ($10.6 billion) to reduce risk, focus its bank on Europe, and manage its banking and insurance separately, boosting its shares on Thursday.

Oil rose to more than $47 on Monday, reversing earlier losses, on the view that OPEC cuts had started to take effect and a rally in equity markets.

Oil fell to around $44 a barrel Monday after OPEC decided to leave existing output targets unchanged.

Governments around the world have committed more than $200 billion to support renewable energy initiatives despite of the economic downturn, according to a Deutsche Bank analysis released Tuesday.

The expectation of a quarterly loss of 4.8 billion euro or $6.3 billion means Deutsche Bank will also mark its first full year loss in 50 years.