Deutsche Bk Stock Price, News & Analysis

Deutsche Bank has been appointed as the depositary bank for WeRide Inc.'s (NASDAQ: WRD) American Depositary Receipt program. WeRide, headquartered in Guangzhou, China, is a provider of autonomous driving solutions from Level 2 to Level 4, serving mobility, logistics, and sanitation industries. The Level III ADR program trades on NASDAQ under the symbol WRD, with a ratio of 1 ADS representing 3 Class A Ordinary shares. The program became effective on October 28, 2024, with Deutsche Bank AG's Hong Kong Branch serving as the custodian bank.

Deutsche Bank has been appointed as the depositary bank for the American Depositary Receipt (ADR) program of Radiopharm Theranostics (OTC: RADTY). Radiopharm is a clinical stage radiotherapeutics company developing innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. The company has been listed on ASX (RAD) since November 2021 and has a pipeline of distinct platform technologies spanning peptides, small molecules, and monoclonal antibodies for use in cancer treatment.

The ADR program details include:

• Country: Australia
• Custodian Bank: BNP Paribas S.A.
• Effective Date: September 18, 2024
• Level I ADR
• Symbol: RADTY
• Exchange: OTC
• Current Ratio: 1 ADS : 200 ordinary shares

Deutsche Bank has announced a reduction in its prime lending rate from 8.50% to 8.00%, effective September 19, 2024. This change applies to both Deutsche Bank New York (DBNY) and Deutsche Bank Trust Company Americas (DBTCA). The 50 basis point decrease in the prime rate could potentially impact various financial products and services offered by the bank.

Deutsche Bank, as Germany's leading bank with a strong European presence and significant operations in the Americas and Asia Pacific, provides a wide range of banking services. These include commercial and investment banking, retail banking, transaction banking, and asset and wealth management for diverse clients such as corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.

Deutsche Bank and First Citizens Bank have successfully closed a $315.7 million financing for four battery energy storage systems in Texas. The projects, owned by a UBS Asset Management fund, will collectively provide 730 MW / 1,049 MWh of capacity and are expected to be operational later this year. Deutsche Bank Trust Company Americas served as Administrative Agent, with SocGen and Siemens joining as Joint Lead Arrangers. BankUnited, Mitsubishi HC Capital, and Bayern LB completed the syndicate.

The financing highlights the growing importance of battery storage systems in supporting grid stability and maximizing renewable energy value. This transaction adds to Deutsche Bank's track record in supporting renewable project developers and demonstrates First Citizens Energy Finance's expertise in the energy sector.

Deutsche Bank has been appointed as the successor depositary bank for ABB 's American Depositary Receipt (ADR) Program, effective July 1, 2024. ABB is a leading technology company in electrification and automation. The program will be managed under Level I ADR with the symbol ABBNY, traded on the OTC market. Each ADR represents one ordinary share of ABB The custodian bank for this program will be Credit Suisse (Switzerland), This change highlights Deutsche Bank's robust capability in managing cross-border equity structures, including ADRs, for global clients.