Deutsche Bank likely to exit from some businesses, says CEO
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 May Exit Some Businesses | Costco To Raise Hourly Pay | The World Report
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.
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.
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,
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.
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Frieze Reveals the Shortlist and Jury for the 2025 Deutsche Bank Frieze Los Angeles Film Award
Frieze announced the shortlist and judges of its sixth annual film awards, which celebrate young artists in Los Angeles.
Deutsche Bank’s Heavier Costs Drag Shares Despite Investment Bank Strength
Germany’s largest lender by total assets will buy back shares and reported a worse-than-expected drop in profit due to well-flagged higher costs.
Deutsche Bank Posts Weaker-Than-Expected Profit and Ditches 2025 Cost Target
The bank on Thursday ditched its closely watched cost target for 2025, saying it wanted to make investments in business. It now aims for a cost-to-income ratio of below 65%, compared with previous plans for less than 62.5%.
Exclusive-Deutsche Bank Talks on China JV End Over Disagreement on Control, Sources Say
A faxed request and phone calls for comment from the Chinese banking sector regulator, the National Financial Regulatory Administration (NFRA), went unanswered due to the Lunar New Year holidays in China. PSBC also did not respond.