Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Tuesday session in red amid volatile trading. The shares closed down -0.44 points or -2.95% at $14.46 with 3.89 million shares getting traded. Post opening the session at $14.82, the shares hit an intraday low of $14.42 and an intraday high of $14.82 and the price vacillated in this range throughout the day. The company has a market cap of $20.05 billion and the numbers of outstanding shares have been calculated to be 1.37 billion shares.
On September 6, 2016 Deutsche Bank announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of Aurizon Holdings Limited (“Aurizon”).
Aurizon (AZJ.AX) is Australia’s largest rail freight operator. Aurizon transports more than 250 million tonnes of Australian commodities — connecting miners, primary producers, and industry participants with international and domestic markets. The company provides its customers with integrated freight and logistics solutions across an extensive national rail and road network, traversing Australia. Aurizon also owns and operates one of the world’s largest coal rail networks, linking approximately 50 mines with three major ports in Queensland. Headquartered in Brisbane, Australia, Aurizon is listed on the Australian Stock Exchange.
“We are delighted to welcome Aurizon Holdings Limited as a new client of Deutsche Bank’s depositary receipts business,” said Naomi Flutter, Head of Global Transaction Banking − Australia & New Zealand. “Our appointment further demonstrates Deutsche Bank’s strength and commitment to ADR issuers in Australia and New Zealand, with a strong focus on investor connectivity. We look forward to partnering with Aurizon and providing the highest level of service for their sponsored ADR program.”
Shares of Mastercard Inc (NYSE:MA) ended Tuesday session in green amid volatile trading. The shares closed up +0.90 points or 0.92% at $98.79 with 3.88 million shares getting traded. Post opening the session at $97.81, the shares hit an intraday low of $97.69 and an intraday high of $98.91 and the price vacillated in this range throughout the day. The company has a market cap of $108.75 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On September 6, 2016 PayPal (PYPL) and Mastercard (MA) announced an important expansion of their long-standing partnership that will enhance the consumer experience by making Mastercard a clear payment option within PayPal, enable Masterpass as a payment option for Braintree merchants and expand PayPal’s presence at the point of sale. This will provide increased value to Mastercard cardholders, financial institutions and PayPal customers.
Under the expanded partnership, consumers and small businesses will be able to instantly cash out funds held in their PayPal accounts to a Mastercard debit card. PayPal will also be provided certain financial volume incentives and, as a result of the commitments made under this agreement, will no longer be subject to the digital wallet operator fee.
“Customer choice and partnership are fundamental principles for PayPal that guide how we operate as a company, giving our customers greater opportunities to more easily manage and move their money online, in app and in-store,” said Dan Schulman, president and CEO, PayPal. “With each partnership agreement that we sign, we further expand the ubiquity and value of the PayPal brand and improve our own economics. Mastercard has been a trusted partner for many years. By collaborating and innovating together we will continue to help move digital payments forward and improve payment experiences for our mutual customers.”