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%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

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%.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 470. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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 '
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

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.
Fonte: cnnbrk - 🏆 393. / 55 Leggi di più »