Deutsche Bank AG on Wednesday reported higher profit and revenue that beat expectations, overcoming a challenging investment-banking market to confirm its guidance for the year. The German lender’s DB, +2.54% Read more
Tag: Deutsche Bank AG
Deutsche Bank beats forecasts, as higher rates help overcome headwinds
Deutsche Bank AG on Wednesday reported higher profit and revenue that beat expectations, overcoming a challenging investment-banking market to confirm its guidance for the year. The German lender’s DB, +2.54% Read more
Why hopes for a Fed ‘pivot’ could be off-base, once again, based on a long history of inflation
Five times in the past year, investors and traders hoped the Federal Reserve would shift to an easier policy stance at some point and were wrong. While it remains to Read more
Financial markets still underestimate inflation risks despite seven straight 8%-plus annual CPI readings, according to DB
Despite seven consecutive 8%-plus annual headline inflation readings, financial markets are being complacent about the growing risk that the U.S. may be entering a prolonged 1970’s-style era of slower growth Read more
Here are the 5 times traders and stock-market investors got fooled by Fed ‘pivot’ hopes in past year
Not once or even twice, but at least FIVE times in the past 12 months, investors and traders have expected the Federal Reserve to shift toward a dovish, or easier, Read more
Big banks to pay nearly $2 billion for ‘widespread and longstanding failures’ in keeping text-message records
Nearly a dozen financial institutions agreed to pay more than $1.8 billion collectively for failing to properly collect employees’ text messages for their records, the Securities and Exchange Commission and Read more
First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’
Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession in April, is running through its list of pros and cons for why the world’s Read more
Anshu Jain, former Deutsche Bank CEO in its trading heyday, dies at 59
Anshu Jain, Cantor Fitzgerald’s president and former CEO of Deutsche Bank from 2012 to 2015, died Saturday five years after being diagnosed with duodenal cancer, Bloomberg and Reuters reported. He Read more
Earnings expectations for 2023 likely to be revised lower, Goldman warns
The second-quarter earnings season started in earnest on Thursday with disappointing reports from JPMorgan Chase & Co. and Morgan Stanley. On top of missing profit expectations, JPM also announced a Read more
Ex-JPMorgan metals traders face trial on racketeering charges
Three former JPMorgan Chase employees faced a federal trial in Chicago on Friday on accusations they helped turn their trading desk into a criminal enterprise that faked precious metals futures orders to manipulate prices. The bank’s JPM, -0.31% former global precious Read more