« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Deutsche Bank Profit Falls 94% on 1.2 Billion Euro Charge

By: clo in FFFT | Recommend this post (0)
Tue, 29 Oct 13 6:17 PM | 46 view(s)
Boardmark this board | Food For Further Thought
Msg. 57132 of 65535
Jump:
Jump to board:
Jump to msg. #

Deutsche Bank Profit Falls 94% on 1.2 Billion Euro Charge
By Nicholas Comfort - Oct 29, 2013 4:13 AM ET ..

Deutsche Bank AG (DBK), Europe’s largest investment bank by revenue, said third-quarter profit slid 94 percent after it set aside 1.2 billion euros ($1.65 billion) to cover potential legal costs and income from debt trading fell.

Net income in the three months through September dropped to 41 million euros from 747 million euros in the year-earlier period, the Frankfurt-based bank said in a statement on its website today. That missed the 430 million-euro average estimate of 12 analysts surveyed by Bloomberg.

more@Bloomberg.com




Avatar

DO SOMETHING!




» You can also:
« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next