News Formal

Deutsche CEO will dust off Commerz merger in 2021

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Despite a recent trading boom, Deutsche Bank boss Christian Sewing will soon have to scrap his 2022 profit target. Since further cost cuts are tricky, reviving a 2019 aborted union with Commerzbank is the logical Plan B, writes LiamWardProud:

Deutsche Bank on Oct. 28 reported 5.9 billion euros of revenue for the third quarter of 2020, up 13% compared with the same period a year earlier. Pre-tax profit was 482 million euros - compared with a loss last year.

The biggest percentage increase was in the investment banking division, where revenue rose by 43% to 2.4 billion euros. Pre-tax profit in that business was 957 million euros. The group’s annualised return on tangible equity for the three-month period was 1.5%, while its common equity Tier 1 ratio was 13.3%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 470. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Charles Schwab to lay off 1,000 workers following merger with TD AmeritradeThe integration of Schwab's and TD Ameritrade's operations is expected to take place over the next 18 to 36 months as the company seeks to streamline its structure. They should have worked harder. Mergers make merika so much betters.. 'Excuse me employee, you need to go talk to chuck upstairs '
La source: CNBC - 🏆 12. / 72 Lire la suite »

Charles Schwab plans to lay off 1,000 employees following TD Ameritrade mergerCharles Schwab is laying off 1,000 employees just weeks after acquiring TD Ameritrade, the company says You would think with all the money brokerages are making off retail investors that they might be retained.
La source: cnnbrk - 🏆 393. / 55 Lire la suite »