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Bank's Q2 profit surges 67%

Business | Banking
2009-7-29

DEUTSCHE Bank AG reported yesterday a 67 percent rise in second-quarter net profit due to stronger corporate and investment banking and one-time charges that lowered the year-ago results. Shares slumped, however, due...

Go-ahead for investment venture

Business | Banking
2009-7-9

DEUTSCHE Bank AG yesterday said its securities joint venture in China had received regulatory go-ahead to start investment banking services. Shanxi Securities Co has a 66.7-percent stake in the joint venture, Zhong...

German bank eyes brighter days in Q1

Business | Banking
2009-4-29

DEUTSCHE Bank AG, Germany's biggest bank, said yesterday that it returned to a profit in the first quarter on a solid improvement in revenue after suffering big losses last year. The Frankfurt-based bank said...

Big loss widens full-year gap

Business | Banking
2009-2-6

DEUTSCHE Bank AG confirmed yesterday that a hefty 4.8-billion-euro (US$6.1 billion) net loss in the fourth quarter resulted in a shortfall for the full year. It expects global economic weakness to continue posing "significant...

German bank posts US$6.3b loss in Q4

Business | Banking
2009-1-15

DEUTSCHE Bank AG, Germany's biggest bank, reported a loss of about 4.8 billion euros (US$6.3 billion) in the fourth quarter after the worst financial crisis since the Great Depression pummeled its debt and equity...

Deutsche Bank breaks trend and turns a profit after accounting-system overhaul

Business | Banking
2008-10-31

DEUTSCHE Bank AG, Germany's biggest bank, has reported a surprise third-quarter profit after new accounting rules allowed it to book fewer asset writedowns. Shares in the bank rose as much as 9.1 percent in early...

Spooked investors ditch Germany's big lenders for state-owned banks

Business | Banking
2008-10-23

IN Dusseldorf, a city-owned bank, one-fiftieth the size of Deutsche Bank AG, is taking on Germany's largest lenders in a bid to entice savers spooked by the collapse of financial companies across Europe. "Has...

German bank boss spurns a bonus

Business | Banking
2008-10-18

DEUTSCHE Bank AG Chief Executive Officer Josef Ackermann plans to forgo his 2008 bonus, a company spokesman said, as banks in Europe, the UK and the US grapple with the worst financial crisis since the Great Depression. ...

Moves aim to boost pretax earnings

Business | Banking
2008-10-10

DEUTSCHE Bank AG, Germany's biggest bank, plans to cut about 1,100 jobs, open new branches and expand its advisory business in Europe as it seeks to almost double profit at its consumer-banking unit. The Frankfurt-based...

Even in money mecca Dubai, developers suffer uncertainty

Business | Real estate
2008-10-9

DUBAI property developers and lenders may seek mergers as credit tightens and home price growth slows, Zahed Chowdhury, head of Middle East research at Deutsche Bank AG, told Bloomberg News. "Given the apparent...