Singapore Company Makes A Quarter Million US Dollar Investment In Collegiate Esports – Yahoo Finance

Singapore Company Makes A Quarter Million US Dollar Investment In Collegiate Esports – Yahoo Finance

Bloomberg

Deutsche Bank’s Nightmare Decade Is Gone, But Not Yet Forgotten

(Bloomberg) — On the day before one of the biggest margin calls in history, Deutsche Bank AG chief Christian Sewing joined an urgent meeting with a not-unfamiliar message: there was a problem, and billions of dollars were at stake.But as executives on the late-March call briefed him on the bank’s exposure to Archegos Capital Management, this time it wasn’t all bad news. Risk managers had been concerned by the family office’s rapid growth for some time, and had been collecting additional collateral. And the firm’s traders stood ready to quickly offload the slumping assets.So as Archegos’s collapse slammed rivals with more than $10 billion of losses, Deutsche Bank walked away without a scratch, reporting its highest profit in seven years. It was enough to stun longtime observers of the firm, which has spent the past decade-and-a-half stumbling from one crisis to the next. The escape added to a growing sense that Sewing may finally be moving Germany’s largest bank past its dysfunction of the last decade.“What they pulled off is quite impressive in the last couple of years,” said Matthew Fine, a portfolio manager at Third Avenue Management who started investing in Deutsche Bank shares after Sewing was appointed CEO in 2018. “After several failures and years of incredible underperformance
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