قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Deutsche Bank shares decline 3 percent on reports of a future merger with Commerzbank

Deutsche Bank shares decline 3 percent on reports of a future merger with Commerzbank



Deutsche Bank reports fourth quarter results on Friday. In Q3 2018, the bank reported net income of EUR 229 million ($ 262.71 million), over the EUR 149 million expected in a Reuters analyst survey. However, the result corresponding to the third quarter of 2018 was 65 per cent below what the bank reported a year ago.

In recent years, the bank has made headlines for all the wrong reasons – from settlements with the US justice department, management renewal, weak earnings, constant restructuring, speculation of mergers and steep stock falls.

Christian Sewing, the bank's current CEO, took the helm in April 201

8 after replacing John Cryan, the bank's manager for nearly three years, he has made an effort to reverse the bank's fragile strategy.

With his German weekly publication Die Zeit on the side of the WEF, Sewing said he would make Deutsche Bank a place that meets its standards.

"I want my work right, I want the right values, and I want passion in this bank as before, we need to bring pride back to Deutsche Bank."

Men e ver Since sewing took over, he has been facing challenges. Last week, another report in Bloomberg, referring to anonymous sources, examined the US Federal Reserve examining the role of the German lender in a money laundering scandal at Danske Bank. Deutsche was quick to deny any probe, but said it had received a number of requests for information from regulators and authorities worldwide. The bank has repeated that it is not yet evidence of misconduct on its part.

On Thursday, the bank said it had received a query from two US Board of Regulators on the lender's ties to President Donald Trump. [19659002] Shares in Deutsche Bank have increased by almost 13 percent since the beginning of this year. However, equities are down almost 50 percent over a 12-month period.


Source link