1 percent problems: Steven M. Davidoff digs into reports on private equity and finds an industry in transition: Private equity’s share of takeover deals more than halved last year compared against the first six months of 2007, and the industry is sitting on more than $900 billion in dry powder, which—along with cash-flush corporations Read More
So, Deutsche Bank settled a U.S. attorney’s lawsuit for $202.3 million in damages and civil penalties, prosecutors said today, following allegations that a mortgage unit owned by the German lender falsely certified loans as qualifying for federal insurance. Read More
Deutsche Bank AG will be opening its first office in Downtown Brooklyn after it agreed to take 50,000 square feet at the JPMorgan Chase-owned 4 MetroTech Center, The Commercial Observer has learned. Read More
Perhaps this constitutes a midlife crisis. After leaving his post as the co-head of investment banking at Deutsche Bank last year (giving a heated 90-minute resignation conference) financier Michael Cohrs and wife Arlene Cohrs have purchased a Tribeca condo for $11.5 million. Read More
In the land of the blind, the cyclops is king — and when it comes to predicting the fate of Wall Street companies, there’s no bigger cyclops than Goldman Sachs, which got its calls for the financial-services industry right 38 percent of the time, according to Bloomberg.
Bloomberg Markets culled the “buy,” “hold” and Read More
Remember Remember the 15th of September
Whoever coined the phrase “what goes around comes around” clearly didn’t know anything about commercial real estate.
In yet another example of life’s little injustices, two former Deutsche Bank executives who made fortunes lubricating the real estate juggernaut have just landed plum gigs at LNR Property.
The Journal‘s Lingling Wei reports:
Justin Kennedy, ex-head Read More
Just before I finished my story in this week’s paper, a profile of the iconic mortgage trader Greg Lippmann, it came to my attention that I had not only written about him once before, but had interviewed a member of his family. “Here’s what I’m willing to tell you,” his wife said in Read More
Deutsche Bank may have unceremoniously kicked would-be Worldwide Plaza buyer George Comfort & Sons to the curb on Monday afternoon—to the shock of nearly everyone involved—but the spurned suitor will not be deterred. George Comfort & Sons just released the following statement to The Observer via their spokesman at Rubenstein (no relation to Read More
