Tuesday, 26 May 2015
Last updated 8 min ago
Jan 13 2012 | 1:08am ET
Deutsche Bank is moving forward with plans to sell its asset management business, including RREEF, its alternative asset unit.
The bank has given 12 possible bidders permission to conduct due diligence on RREEF, its institutional business DB Advisors and its Americas mutual fund business DWS Investments. Deutsche Bank could net in excess of €2 billion in the sale; RREEF alone has €46 billion in assets under management, while the for-sale units together boast €400 billion.
Deutsche Bank decided to move forward with the process on Tuesday after it was satisfied by the interest expressed in the business by potential buyers. Only bidders who want to buy and keep all the businesses together were considered.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…