Deutsche Bank likely to exit from some businesses, says CEO
Deutsche Bank May Exit Some Businesses | Costco To Raise Hourly Pay | The World Report
Deutsche Bank may exit some businesses, CEO says after profit miss
The CEO of Deutsche Bank on Thursday said Germany's largest lender could exit some businesses after fourth quarter and full-year profit fell more than expected, with investment banking revenue gains eroded by legal provisions and restructuring costs.
Deutsche Bank’s Sewing to Cut Management Roles as Costs Rise
Deutsche Bank AG said it plans to reduce management roles and cut headcount over coming years, after higher-than-expected costs marred its results in the final months of last year.Most Read from Bloom
Deutsche Bank: Bullish, But No Longer All-In
Deutsche Bank reported solid Q4 results with €7.2 billion in revenue, driven by a 30% YoY jump in the investment bank. Read more about DB stock here.
Deutsche Bank targets €32B revenue and below 65% cost-income ratio for 2025
Q4 2024 Management View CEO Christian Sewing highlighted 2024 as a transition year, with significant progress made in transforming the business model. Pre-provision profit increased by 19% year-on-year when adjusted for specific items,
Sanofi upgraded to hold by Deutsche Bank
Deutsche Bank has upgraded Sanofi (NASDAQ:SNY) to hold from sell, citing the company's Q4 earnings report. The investment bank said the report appeared to confirm the business was in "reasonable shape,
Deutsche Bank is a victim of its own success as it hikes cost guidance
Deutsche Bank delivered bad news on spending, and investors weren’t happy. Deutsche Bank on Thursday said it’s now targeting a cost-to-income ratio of below 65% this year, versus a previous target of below 62.5%, after a cost-to-income ratio of 76% in 2024.
Germany economic meltdown as major bank's profits collapse
Deutsche Bank's profits plummeted by an astonishing 92%, as Germany's economy struggled. Profits attributable to shareholders dropped to €106 million (£89m) in the final three months of 2024, down from €1.26 billion in the fourth quarter of 2023.
Deutsche Bank shares drop after quarterly profit falls, cost target scrapped
Legal provisions weighed on the bottom line at Germany’s largest lender Deutsche Bank, with net profit falling in the fourth quarter.
Deutsche Bank has published a bunch of memes about DeepSeek
Deutsche Bank is Europe’s second-largest bank by assets. Measured by 2024 fees it’s the number-nine investment bank globally. Here are its first two memes in the slide deck it has sent to clients about DeepSeek: Here is Deutsche Bank’s third meme about DeepSeek: And here is Deutsche Bank’s fourth meme about DeepSeek:
Steelmaker Celsa Starts Process to Sell 20% to Spanish Investor
Steelmaker Celsa Group has kicked off a process to sell a stake of as much as 20% to a Spanish investor as part of a restructuring plan approved in 2023, according to people familiar with the matter.
German inflation holds steady at 2.8% in January
Germany's annual inflation rate held steady in January but core inflation eased markedly, keeping intact expectations of further interest rate cuts from the European Central Bank. German inflation remained at 2.
10 AI Stocks on Analysts’ Watchlists
Despite DeepSeek and Qwen 2.5 disrupting the global tech sector, investors welcomed the impressive Q4 AI revenues from leading US tech firms like International Business Machines Corp. (NYSE:IBM).