Announcements for CRWE, FIG, and DB
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Crown Equity Holdings, Inc. (OTCBB:CRWE) recently reported that the Pakistani business Brilliant Innovator that is led by Zeeshan Shabbir along with four other Mid East correspondents have been added to the CRWENewswire.com team. With Brilliant Innovator providing up to date news and world affairs from the Mid-East, Far East, and europe CRWE plans to add additional Pakistani staff members to develop their Arabic websites as well as translating English news occuring in Pakistan and around the world.
CRWE assists and consults with domestic and foreign companies interested in becoming publicly traded in the United States. The company, through its subsidiary, Crown Trading Systems, Inc., designs and manufactures multi-monitor computer systems for financial traders and audio/video professionals.
Fortress Investment Group LLC (NYSE:FIG) recently reported that affiliates of certain Fortress managed funds have agreed to acquire CW Financial Services (branded as CWCapital), a market-leading provider of servicing, special servicing, investment management, advisory and origination capabilities with a specific focus on commercial and multifamily real estate debt. Fortress has agreed to acquire CWCapital from majority shareholder Otéra US Holding Inc. Terms of the transaction were not disclosed. Closing of the transaction is expected during the third quarter subject to regulatory approvals and closing conditions. Beekman Advisors, Inc. served as advisor to CWCapital.
Fortress is a leading global investment manager founded in 1998. Fortress also offers alternative and traditional investment products.
Deutsche Bank (NYSE:DB) recently reported results for the second quarter and first half of 2010. Net income for the quarter was 1.2 billion versus 1.1 billion in the second quarter 2009. Income before income taxes was 1.5 billion, up 16% versus 1.3 billion in the prior year quarter. Diluted earnings per share were 1.75 versus 1.64 in the prior year quarter. Pre-tax return on average active equity, on a reported basis was 15%, and as per the bank’s target definition, which excludes significant gains and charges, was 13%.
DB is a leading global investment bank with a strong and profitable private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets.
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