⚠️BREAKING: *DEUTSCHE BANK SHARES JUMP AFTER POSTING 11TH STRAIGHT QUARTERLY PROFIT, REVEALS JOB CUTS $DB $DBK 🇩🇪🇩🇪
) is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies.
Deutsche's performance reflected a quarterly increase in income from higher interest rates that offset a slump in revenues at its investment bank. Deutsche's deposits dropped 5% in the first quarter from the end of last year, but executives said they have been increasing during the month of April.https://www.reuters.com/graphics/DEUTSCHEBANK-STRATEGY/zdpxdkabepx/chart_eikon.jpg
Deutsche Bank set out in 2019 to reduce dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Deutsche Bank to cut 800 jobs after strong first quarterDeutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies.
Les mer »
Deutsche Bank makes upper echelon changes to ‘sharpen management board’s focus’Deutsche Bank AG on Wednesday announced a new “leaner” nine-member management board to “further sharpen its focus on clients’ needs, the bank’s areas of...
Les mer »
Deutsche Bank overhauls board as U.S. head Riley joins SantanderDeutsche Bank is undertaking its biggest management shake-up since 2019, the German bank said on Wednesday as it announced the departure of Christiana Riley, who oversaw its U.S. operations.
Les mer »
How to trade Deutsche Bank and Barclays quarterly results based on historyUsing data going back to past 20 quarters, CNBC Pro found how well each lenders' stock performs against their benchmarks based on different outcomes.
Les mer »
Deutsche Bank: Q1 deposits 592 billion euros, down 5% from Q4 2022Deutsche Bank on Thursday reported a 5% drop in deposits from the end of last year.
Les mer »
Deutsche Bank logs 11th straight quarterly profit, reveals job cutsDeutsche Bank on Thursday reported a net profit of 1.158 billion euros ($1.28 billion) for the first quarter.
Les mer »