Deutsche Bank in its annual report announced plans to increase revenues in the current year slightly above the 2018 level. To this end, the bank intends to increase investments in a number of areas, reorganize its business, and optimize liquidity and balance. At the end of last year, its revenue decreased by 4% to 25 billion 320 million euros. The bank expects this year to increase the revenue of the corporate and investment division, as well as growth in the fixed income trading segment. In his report it is noted that the rate of return on tangible capital could reach 4% if this was favored by the trading environment. Following the results of 2018, Deutsche Bank reported on its net profit for the first time since 2014.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...