Deutsche Bank earnings: 2019 net loss comes in at 5.3 billion euros, vs 5.1 billion euro loss expected
Kai Pfaffenbach | Reuters
Deutsche Bank on Thursday posted a full-year net loss of 5.3 billion euros amid a huge transformation project, the cost of which the German lender said is now 70% complete. The German lender announced in July that it would pull out of its global equities sales and trading operations, scale back its investment banking division and cut 18,000 jobs in a bid to trim its adjusted cost base by 20% by 2022.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Focus at Goldman's first investor day will be on its consumer bank MarcusAs Goldman Sachs Group Inc approaches its first-ever investor day on Wednesday, ...
Read more »
Israeli Cabinet postpones vote on West Bank annexationAn Israeli minister says a Cabinet vote to endorse annexation of parts of the West Bank won't take place on Sunday. That's despite Prime Minister Netanyahu's pledge Tuesday to act quickly after the U.S. released a peace plan rejected by the Palestinians.
Read more »
Israel headed for clash with ICC over West Bank settlementsIsrael appears to be heading for a showdown with the international community over its half-century-old settlement enterprise in the West Bank
Read more »
Goldman Sachs shares rise after bank gives higher financial targets at first-ever investor dayGoldman Sachs CEO David Solomon is raising the bar for the bank's medium-term financial targets.
Read more »
Carney's swan song has market split on whether Bank of England will cut ratesAhead of the Bank of England's first monetary policy meeting of the decade on Thursday, markets are split on whether outgoing Governor Mark Carney's last major decision will bring a rate cut.
Read more »