Plus   Neg

Deutsche Bank, Guggenheim Partners To Focus Talks On Potential RREEF Sale

Deutsche Bank's (DB) Management board, which began a strategic review of its global asset management unit on November 22, 2011, has agreed to focus its exclusive discussions with Guggenheim Partners on a potential sale of RREEF.

Both the Bank and Guggenheim Partners mutually agreed to conclude exclusive negotiations relating to a potential sale of DWS Americas, DB Advisors, and Deutsche Insurance Asset Management. Also, Deutsche Bank would keep evaluating these businesses and would maintain the stability of its investment teams to ensure that clients continue to receive the highest level of quality in investment management services.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Tesla Motors Inc. (TSLA) surged 12% in extended trading session on Wednesday after the luxury electric car maker reported a surprise third-quarter profit, which trumped Wall Street estimates. Looking forward, the company said it is "highly confident" to exceed 360,000 deliveries this year. Palo... Spotify is offering free Google Home Mini speakers to all new and existing Spotify Premium users in the U.S. The music streaming service said Tuesday that the Google Home Mini offer is for all eligible Premium Individual and Premium Family master account users in the U.S. The offer is available through November 15, or until supplies last. Federal Cartridge recalled about 3,100 units of Blackhawk T-Series L2C gun holsters due to injury hazard, a statement published by the U.S. Consumer Product Safety Commission said. The safety switch on the firearm can change its position without the knowledge of the user due to the holster design, causing the gun to fire if the trigger is pulled and pose injury hazard to the user and bystander.
Follow RTT