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The Germans in crisis
Bank
Progress. Long-term revenues have been stabilized
in the second quarter and also the profit has turned out better than
feared. However, the costs are still in the comparison of the industry
still high and the once so lucrative business around the
The capital market is weakening. Moreover, it really prepares him as stable
current affairs of the fund subsidiary DWS
"In the second quarter, we significantly changed the reorganization of our bank
accelerated, "said the head of the interim bank since April
Strong message Wednesday in Frankfurt. So be the fusion
Private Banking and Corporate Banking with the subsidiary Postbank im
May has been completed on time; In addition, the reconstruction of
The business and investment bank is progressing. "There is still a lot to be
do, "Sewing admitted in a conference call with badysts.
In the second quarter, the bank had a decline in profits at Unterm
401 million euros – 14% less
than in the same period last year. Compared to the first quarter where only
120 million euros were blocked, but it is a
clear progress. In addition, the profit was better than
Analysts had originally planned.
Of the equivalent of well 6.7 billion euros, the leader of the American industry
JPMorgan Chase had won in the second quarter, the German
Bank, but only dream – at this level move the whole
Revenue from Frankfurt, all of whose costs disappear.
Deutsche Bank already had a good week ago key data for
released in the second quarter and so investors positive
Surprised: The stock had risen sharply, for a jump over
However, the resistance at 10.50 euros was not enough.
This obstacle also occurred on Wednesday after the announcement of the
the final numbers are too high. After the initial gains have slipped
Articles up 1.57% despite positive comments from badysts
10,29 euros from. They were still dangerously close to that
The lowest record of 8.755 euros at the end of June.
Due to homemade problems – especially expensive
Litigation and scandals – and the collapse has had the
Deutsche Bank has written losses for three years in a row and
had to raise fresh money through a capital increase. the
As a British brought reorganizer John Cryan finally got in April
go; German bank Eigengewächs Sewing took the lead
The bank's capital and debt ratios are lower
Their new boss has made great progress, he said
Kian Abouhossein, an badyst at the influential JPMorgan Bank
Study
Sewing has tightened the austerity plan: at the end of this
Year, the number of employees should fall below 93,000 and over
at the end of next year to less than 90,000. Alone in the
In the last three months, the number of full-time jobs has decreased by 1700
around 95 400. Sew promised that there would be no harm
Surprises will give more to the cost as it is repeated in
the last quarters, more recently last year.
"This model is ending now."
Editions are only part of the problem. Also with the
Income is a lot to do. So, income has decreased in the for
Deutsche Bank made important bond exchanges in the second quarter
17 percent, the smallest stock of shares decreased by 6 percent. the
Frankfurters had market shares especially in large
Wall Street houses lost. The trend is now stopped,
badured sewing
The former managing directors had Deutsche Bank at a
international investment bank has developed, while
private enterprise and business continues in the
The background has been moved. Even former bank manager Cryan had
successively released from the claim, worldwide the Ferris wheel
want to turn. Instead, Deutsche Bank remembers
Increased focus on their roots as service providers for
Business and private customers
Another construction site is in majority possession
Subsidiary of the DWS fund: In the second quarter, this has been recorded since March
Listed companies have exits of just under 5
Billions of euros This is not nice, said the CEO
Nicolas Moreau. He is now counting on the successes of
initiated austerity measures and new partnerships directed towards
Boost business. It is unlikely that the DWS
Year their self-fixed target for net resources
it has been said. / das / mis / fba
ISIN DE0005140008 DE000DWS1007
AXC0116 2018-07-25 / 09: 59
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