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%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 '
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: cnnbrk - 🏆 393. / 55 Read more »