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Deutsche Bank beats profit expectations despite deal fall

Deutsche Bank returned to a better-than-expected profit in the second quarter from a year ago despite mixed results at its global investment banking division and a hit from the jump in the euro's value.

Business • 24 Jul

Deutsche Bank, Germany's largest lender, recorded net profits of €1.78 billion in the first quarter, compared to €1.28 billion a year earlier

Deutsche Bank posts 39% rise in Q1 profit, tariffs weigh

Deutsche Bank has today posted a 39% rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond and currency trading during volatile markets.

Business • 29 Apr

Deutsche Bank extends CEO's mandate and revamps board

Deutsche Bank has extended CEO Christian Sewing's contract, while its deputy and another top executive will depart as part of a management revamp, cementing the leadership team of Germany's largest lender for the next phase of its turnaround.

Business • 28 Mar

Deutsche Bank, Germany's largest lender, said it has abandoned a key cost target

Deutsche Bank posts weaker-than-expected Q4 profits

Deutsche Bank has today posted a bigger than expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.

Business • 30 Jan

Christian Sewing, the CEO of Germany's Deutsche Bank

Deutsche Bank CEO says German economy needs urgent action

Germany's struggling economy needs urgent action to boost its competitiveness, Deutsche Bank's CEO said today, calling for structural reforms, less regulation and lower taxes on companies.

Business • 04 Dec 24

Deutsche Bank's net profit attributable to shareholders came in at €1.461 billion in the quarter, 42% more than a year earlier and in line with expectations

Deutsche Bank returns to quarterly profits

Deutsche Bank bounced back to profit in the third quarter, as it reduced reserves set aside for investor lawsuits over its Postbank division while its global investment bank fired on all cylinders.

Business • 23 Oct 24

Deutsche Bank said it would not comment on the talks.

Deutsche Bank proposes settlement in Postbank case

Deutsche Bank has made a settlement offer with shareholders who had sued Germany's largest bank for underpaying them for the acquisition of Postbank, a lawyer for the plaintiffs said today.

Business • 16 Aug 24

Deutsche Bank has posted a loss of €143m for the second quarter - its first loss in four years

Deutsche Bank's profit streak ends with lawsuit provision

Deutsche Bank has today posted its first loss in four years in the second quarter after setting aside €1.3 billion as a provision for a protracted investor lawsuit over its Postbank acquisition.

Business • 24 Jul 24

Deutsche Bank had incorrectly disclosed deferred tax assets in its 2019 consolidated financial statement, the German bank regulator said today

German regulator finds error in Deutsche Bank filing

German bank regulator BaFin has found that Deutsche Bank had incorrectly disclosed deferred tax assets in its 2019 consolidated financial statement, it said today.

Business • 16 Jul 24

Any loss at Deutsche Bank - Germany's largest lender - would break a streak of 15 consecutive quarters in the black

Deutsche Bank analysts expect quarterly loss

Deutsche Bank is expected to post a loss for the second quarter, according to a new analyst consensus forecast published on the bank's website today.

Business • 15 Jul 24

Deutsche Bank said it will provide Bitpanda users in Germany with local bank account numbers

Deutsche Bank ties up with Bitpanda in 'cautious' move

Deutsche Bank will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker, the companies told Reuters.

Business • 04 Jun 24

Russian court seizes Deutsche Bank, Commerzbank assets

A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.

Business • 20 May 24

Deutsche Bank and union agree to pay rise for Postbank

Deutsche Bank's management has reached a pay deal with unions for thousands of workers at its Postbank division, putting an end to months of wrangling, both parties said today.

Business • 02 May 24

Deutsche Bank had been enjoying the glow of better-than-expected earnings last week and a steep rise in its share price.

Deutsche Bank falls 9% as Postbank litigation woes return

Deutsche Bank shares were down 9% today after news that a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division could cost up to €1.3 billion.

Business • 29 Apr 24

France's BNP Paribas is the euro zone's biggest bank by assets

BNP Paribas says lower costs offset slump in trading

BNP Paribas has today beaten first quarter profit forecasts as lower expenses and a decent performance in global banking helped offset a steep fall in its fixed income trading.

Business • 25 Apr 24

Today's figures marked the 15th consecutive quarter of profit for Deutsche Bank

Deutsche Bank's first quarter profit jumps 10%

Deutsche Bank has today posted a better than expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.

Business • 25 Apr 24

Deutsche Bank said its full-year profit fell to €4.21 billion from €5.03 billion a year earlier, but beating analyst expectations for €3.664 billion

Deutsche Bank to cut 3,500 jobs as profits fall

Deutsche Bank said today it would cut 3,500 jobs, buy back shares and pay dividends, in its latest pitch to investors that its turnaround remains on track.

Business • 01 Feb 24

Germany's stake in Commerzbank dates back to the global financial crisis of 2008 and is still loss-making for the government

Commerzbank merger talk resurfaces in Germany

Five years after Deutsche Bank and Commerzbank aborted an attempt to merge, an uncertain outlook for bank profitability and Germany's need to plug a hole in its budget are rekindling speculation about a potential deal.

Business • 15 Jan 24

Deutsche Bank is slightly more optimistic on its revenue outlook for the full year, forecasting it would reach €29 billion - the top end of its previous guidance range

Deutsche Bank shares up as it flags dividends, buyback

Deutsche Bank has today promised more share buybacks next year and said it may return more capital to investors than it had previously envisaged, sparking a jump in its shares.

Business • 25 Oct 23

The German regulator has already had in place a monitor at Deutsche Bank to oversee money laundering controls since 2018

German regulator installs monitor at Deutsche Bank

Germany's top financial regulator is appointing a special monitor to Deutsche Bank to oversee the lender's handling of consumer service problems at its Postbank unit, a blow to the reputation of the nation's top bank.

Business • 02 Oct 23

Deutsche Bank's retail division became its biggest revenue generator during the second quarter

Deutsche Bank Q2 profit falls 27% on investment slump

Deutsche Bank has today posted a 27% fall in second-quarter profit as investment banking revenues slumped and warned of the need for cost cuts even though higher interest rates fuelled gains at its retail division.

Business • 26 Jul 23

Some Deutsch Bank investors' Russian shares 'missing'

Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the challenges global investors face to recover stranded investments in the country's companies.

Business • 26 Jun 23

Deutsche swapped billions of euro in securities for cash and government bonds, which count towards its liquidity coverage ratio

Deutsche Bank used big trades to raise cash in March

As banks came undermounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, according to two sources familiar with the situation.

Business • 26 May 23

Deutsche Bank and Citigroup have admitted anti-competitive activity between 2009 and 2013

Bank traders may have broken competition law - CMA

Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on UK government bonds between 2009 and 2013, Britain's anti-trust watchdog said, as it provisionally found five banks in breach of competition rules.

Business • 24 May 23

Deutsche Bank is to pay $75m to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein

Deutsche to pay $75m to settle Epstein accusers lawsuit

Deutsche Bank has agreed to pay $75m to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking.

Business • 18 May 23