Deutsche Bank profits collapse as German economy reels
Deutsche Bank has suffered a 92pc slump in its profits amid a major downturn in the German economy. Germany’s largest lender on Thursday vowed to slash jobs after its profits attributable to ...
The Banker8h
Deutsche Bank misses profit targets as Q4 earnings fall 92%; BoE’s Andrew Bailey warns against relaxing mortgage limits
Deutsche Bank reported on Thursday a sharp decline in profits for the final quarter of 2024, with net profit attributable to shareholders dropping to €106mn, a 92 per cent fall from the same period ...
Market Talk: The ECB is 'much more focused on growth'
Policymakers at the European Central Bank have a difficult balancing act to perform between stimulating growth and controlling inflation, according to Jamie Lindsay from Artemis. However, he told ...
Deutsche Bank CEO Says He May Shutter Units in Next Revamp
Deutsche Bank AG Chief Executive Officer Christian Sewing said the next steps in his strategic plan for the lender may involve cutting underperforming units to improve profitability.
Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...
UBS initiates job cuts in Switzerland following Credit Suisse integration - Bloomberg
UBS Group AG (NYSE:UBS) has started a series of job cuts in Switzerland, affecting both higher management levels and lower ...
The Fed will likely stand pat after flurry of rate cuts. After that? It's anybody's guess.
The Fed will likely pause its rate cuts this week. After that, uncertainty over Trump's tariff, immigration plans make ...
Business Insider13d
5 things the nominee for Treasury Secretary signaled about what markets can expect in a 2nd Trump term
Economists at Deutsche Bank noted that his remarks held a few important clues ... "We must make permanent the 2017 Tax Cuts ...
Bloomberg L.P.13d
MUFG Bank CEO to Take Pay Cut Over Safety Deposit Box Theft
Mitsubishi UFJ Financial Group Inc. said its banking unit chief and other senior executives will take pay cuts to take responsibility ... Junichi Hanzawa, CEO of MUFG Bank Ltd., and Chairman ...
France 2414d
Oil giant BP cuts thousands of jobs to slash costs
On the job cuts, which include more than 3,000 contractor roles, he added: "I understand and recognise the uncertainty this brings for everyone whose job may be at risk, and also the effect it can ...
Business Times14d
MUFG Bank CEO, chairman to take pay cuts over safe deposit box theft
Mitsubishi UFJ Financial Group said its banking unit chief and other senior executives will take pay cuts to take responsibility for the theft of millions of dollars from customers’ safe deposit boxes ...
Bloomberg L.P.14d
Spirit Airlines Cuts More Jobs as It Nears Exit From Bankruptcy
Spirit Airlines Inc. is eliminating 200 jobs in a cost-cutting move as it prepares to emerge from bankruptcy protection in the coming months. The staff reduction this week is one of the final ...