Deutsche Bank Says Earnings Will Be Weak
A day after prosecutors raided its headquarters in a tax-evasion investigation, Deutsche Bank disclosed that earnings would be weak, but called it "guidance" rather than a "profit warning."
View ArticleDeutsche Bank Posts Surprise $3 Billion Loss
The bank’s fourth-quarter loss reflected efforts to clear its books of bad assets and set aside more than $1 billion to cover legal proceedings and investigations.
View ArticleWith Set-Aside, Deutsche Bank Cuts 2012 Profit
The big German bank said its legal expenses related to sour mortgages and rate rigging would require it to reduce its previous 2012 profit total by $517 million.
View ArticleWarm Welcome at Deutsche Bank Meeting, Followed by Rancor
The annual Deutsche Bank shareholders meeting began with applause for Anshu Jain, the bank's co-chief executive, but attention quickly turned to the myriad problems that the bank has been trying to...
View ArticleSufficient Financing to Aid Troubled Banks, European Officials Say
If banks were not able to raise capital, they would draw it from their governments or European bailout fund, the president of the Eurogroup said.
View ArticleDeutsche Bank Returns to Profit as Legal Costs Ease
Deutsche Bank, Germany’s largest, said it swung to a profit in the first quarter as it avoided the huge litigation expenses that characterized the end of 2013.
View ArticleDeutsche Bank Plans to Raise $11 Billion in Fresh Capital
Responding to regulatory pressure to reduce risk, the bank plans to raise about 8 billion euros, most of it in a rights issue likely to begin on June 24.
View ArticleDeutsche Bank Vows to Remain a Top 5 Investment Bank
Executives' pledges to make Deutsche Bank a winner in the sector were met with skepticism from shareholders at the company's annual meeting. Some shareholders also objected to executive pay.
View ArticleDeutsche Bank Shares Waver on Reports of Regulator’s Letter
News reports of the criticism by regulators is a setback for Deutsche Bank in its efforts to convince investors and the public that it is remaking itself to be more ethical and less risky.
View ArticleDeutsche Bank Profit Declines as It Sheds Risky Businesses
Deutsche Bank said second-quarter net profit fell 29 percent, to about $320 million, as the bank set aside more money for legal problems.
View ArticleExclusive Google ‘Camp’ Draws Elite to Sicilian Resort
Google has gathered business leaders, tech luminaries and celebrities for high-minded discussions of global issues as well as schmoozing and basking in the Mediterranean sun.
View ArticleGerman Prosecutors Charge Deutsche Bank Executives
Jürgen Fitschen and several former leaders of the bank have been accused of colluding to give false testimony in a long-running lawsuit over the collapse of a bank client's media empire.
View ArticleBankers at Forum Say They Support Regulation, With Some Caveats
While the top bankers said they backed tougher regulations, they sounded alarmed about what might happen to global bond prices when central banks begin to wind down their stimulus policies.
View ArticlePredictions, Pet Peeves and Random Musings From Davos
Bankers and other attendees at the World Economic Forum offer their thoughts on regulation, oil prices and quantitative easing by the European Central Bank, among other subjects.
View ArticleDeutsche Bank Posts a Profit, Upending Predictions of a Loss
Increased uncertainty in global financial markets prompted clients to do more trading, generating more fees for the bank.
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