Deutsche Bank Aktiengesellschaft - DB STOCK NEWS

Decibel Cannabis Company reported impressive financial results for the year ending December 31, 2022, showcasing strong growth and market presence. The company achieved record net revenue of $79.3 million, marking a 51% increase from the previous year. Adjusted EBITDA reached $17.0 million, a significant 129% growth year-over-year, while adjusted net income stood at $3.1 million, improving by $11.7 million. In Q4 2022 alone, net revenue hit $25.8 million, reflecting an 84% year-over-year increase. Decibel's market share rose to 6.8%, positioning it as the second-largest licensed producer in Canada as of March 2023. The company also made its first branded product sale to Israel as part of international expansion efforts. Despite these successes, the gross margin decreased to 43% in Q4 2022 from 52% in the prior quarter, influenced by inventory write-offs.

Deutsche Bank announced that its New York Branch and Deutsche Bank Trust Company Americas have increased their prime lending rate from 7.75% to 8.00%, effective March 23, 2023. This change reflects the bank's ongoing adjustments in response to market conditions. Deutsche Bank is a leading financial institution providing a range of services including commercial and investment banking, retail banking, and asset management. The bank maintains a strong presence in Europe, the Americas, and Asia Pacific.

Deutsche Bank has been appointed as the depositary bank for the NASDAQ-listed American Depositary Receipt (ADR) program of Intchains Group Limited (NASDAQ: ICG). This program, effective March 20, 2023, involves the issuance of Level III ADRs, with Deutsche Bank managing cross-border equity structures and providing various banking services to corporations and financial institutions globally. Intchains specializes in high-performance ASIC chips and software solutions for blockchain applications, enhancing its technological footprint in the sector.

Deutsche Bank has been appointed as the depositary bank for Hesai Group's American Depositary Receipt (ADR) program, effective February 13, 2023. Hesai (NASDAQ: HSAI), based in Shanghai, China, specializes in advanced three-dimensional LiDAR solutions for various applications in both passenger and commercial vehicles, including autonomous driving and robotics. As the depositary bank, Deutsche Bank will manage cross-border equity structures and provide a range of related services to corporates and financial institutions. This partnership highlights Deutsche Bank's capabilities in handling diverse financial services globally.

Deutsche Bank announced a rise in its prime lending rate from 7.50% to 7.75%, effective February 2, 2023. This adjustment reflects current market conditions impacting both borrowing and lending practices. As a major player in commercial, investment, and retail banking, Deutsche Bank continues to hold a robust position in Europe and maintains a significant presence in the Americas and Asia Pacific. The bank's operations are influenced by various factors including financial market conditions and borrower defaults. Forward-looking statements in this release warn of potential risks affecting future performance.

Deutsche Bank announced an increase in its prime lending rate from 7.00% to 7.50%, effective December 15, 2022. This adjustment applies to its New York Branch and Deutsche Bank Trust Company Americas. Deutsche Bank continues to provide a wide range of services including commercial and investment banking, retail banking, and asset management. The bank holds a leading position in Germany and significant presence in Europe, the Americas, and Asia Pacific. The announcement includes forward-looking statements highlighting potential risks and uncertainties.

Deutsche Bank has announced an increase in its prime lending rate from 6.25% to 7.00%, effective November 3, 2022. This decision reflects adjustments in the market lending environment. Deutsche Bank provides a variety of financial services including commercial and investment banking, retail banking, transaction banking, and asset management, and is recognized as Germany's leading bank with a strong presence in Europe and significant operations in the Americas and Asia Pacific.