Deutsche Bank Reports Higher Profit in Tumultuous Quarter
Despite panic by investors in March, the bank’s bread-and-butter lending business offset declines at the investment bank
Source: wsj.com
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Despite panic by investors in March, the bank’s bread-and-butter lending business offset declines at the investment bank
Strong first-quarter results from Barclays and Deutsche Bank show the financial rehabilitation of Europe’s top lenders, but investors remain wary
Switzerland’s largest bank is absorbing the next largest, adding upside and risks
The Swiss bank lost a further $75 billion in customer deposits before agreeing to be bought by UBS in March
The Swiss lender reported first-quarter earnings showing clients were flying out the door.