Deutsche Bank second-quarter profit beats estimates as provisions fall
Deutsche Bank AG posted profit ahead of analysts' expectations for the second quarter as provisions for credit losses plummeted, a sign that customers navigated the effects of the coronavirus pandemic better than expected.
Deutsche Bank managed to quickly sell off its exposure to Archegos Capital Management, whose implosion earlier this year cost some rivals multi-billion-dollar losses. The bank attributed the revenue decline to the normalization of financial markets and continued low interest rates. Mr. Sewing confirmed the bank is on track to achieve an 8% return on tangible equity--a key metric for profitability--in 2022.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nigeria to launch digital currency, 'e-naira', in Oct - central bankNigeria plans to launch its own crypto currency, called the 'e-naira', in October, its central bank governor said on Tuesday.
Leer más »
Tesco Bank to close all its current accountsThe bank says most of the accounts have limited activity and are not being used.
Leer más »
Tether executives said to face criminal probe into bank fraud - Bloomberg NewsThe U.S. Department of Justice is probing whether executives behind the Tether digital token committed bank fraud during the nascent stages of its cryptocurrency business, Bloomberg News reported on Monday.
Leer más »
Formula 1’s Highest-Paid Drivers: Clash Between Hamilton And Verstappen Extends To Their Bank AccountsLewis Hamilton remains in pole position in the Formula 1 earnings race, heading up a group projected to pull in a combined $211 million on the track in 2021.
Leer más »
Formula 1’s Highest-Paid Drivers: Clash Between Hamilton And Verstappen Extends To Their Bank AccountsLewis Hamilton remains in pole position in the Formula 1 earnings race, heading up a group projected to pull in a combined $211 million on the track in 2021.
Leer más »
Formula 1’s Highest-Paid Drivers: Clash Between Hamilton And Verstappen Extends To Their Bank AccountsLewis Hamilton remains in pole position in the Formula 1 earnings race, heading up a group projected to pull in a combined $211 million on the track in 2021.
Leer más »