Dividends are out, losses are in. Deutsche Bank announces its greatest loss in history for the past quarter, and tells investors they might have to suffer. Restructuring and regulation are getting the blame for the whopping 6.2-billion-euro figure.
Alphabet, the parent company for Google, reported better-than-expected profits in the first quarter. The first-quarter surge came on the back of strong ad sales and an accounting adjustment for investments in startups.
Once again, Deutsche Bank has a new man at the helm. Once again, it’s hoped that his appointment will make everything better. The task he is facing? Nothing less than staving off collapse, says DW's Henrik Böhme.
Deutsche Bank (DB) is expected to oust British CEO John Cryan and replace him with the German head of the private and commercial banking division. Germany's biggest lender has experienced three years of losses.
Germany's biggest lender is looking to eject its CEO amid intensified boardroom tension due to the inability of the scandal-hit institution to put an end to its long list of troubles, the Times newspaper reports.
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