Showing posts with the label Bank News

Bank News | Deutsche Bank Earnings: Deutsche Bank posts 832 million euro loss amid major restructuring

Silvia Amaro 3-4 minutos - Source: CNBC Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Krisztian Bocsi | Bloomberg | Getty Images Deutsche Bank reported a net loss that missed market expectations on Wednesday as a major restructuring plan continues to weigh on the German lender. It reported a net loss of 832 million euros ($924 million) for the third quarter of 2019. Analysts were expecting a loss of 778 million euros, according to data from Refinitiv. It had reported a net profit of 229 million euros in the third quarter of 2018, but a loss of 3.15 billion euros in the second quarter of this year. Here are some of the key highlights: Total net revenues: 5.3 billion euros in the third quarter vs. 6.2 billion euros a year ago. Common equity tier 1 ratio stood at 13.4% in the third quarter, vs. 14% a year ago. Total non interest expenses: 5.8 billion euros in the third quarter, vs. 5.6 billion euros a