Deutsche Bank warns of 67% drop in profits as the coronavirus decimates performance
Deutsche Bank said in a pre-release statement Sunday that it expects its net income to drop to €66 million as the impact of coronavirus takes a toll on earnings.
GOLDMAN SACHS: These are the top 11 companies to watch as we enter the best stock-picking environment in over a decadeDeutsche Bank reported a fall in its Common Equity Tier 1 ratio, a measure of a bank's financial strength from a regulatory point of view, from 13.6% to 12.8% over the past three months.
"With our current ratio of 12.8%, we are comfortably above our minimum requirement of 10.4%. We're convinced that this is in the best interests of all our stakeholders."The German lender said:"This potential additional balance sheet growth also means that the bank is unlikely
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