Page 16 - Tom Sims News Today : Breaking News, Live Updates & Top Stories | Vimarsana

European banks' run of soaring profits and record shareholder payouts faces a big test this week when investors assess how fast the boost from higher interest rates is fading, and if a weak economic outlook will make life tougher. The STOXX Europe 600 banks index hit its highest since mid-2018 this month, propelled by a recovery in profitability thanks to higher rates, record shareholder payouts and little provisioning for bad loans. Retail-focused lenders which earn most of their money from the difference between loan income and deposit costs have benefited most from rising rates, but ...

The holding by a top investor in Deutsche Bank dropped to 3.18% from 0.92%, according to a filing on Friday....

Braunstein, a former finance chief of JP Morgan Chase, invested in Deutsche in 2018, backing Chief Executive Christian Sewing's efforts to turn around Germany's biggest bank and making him one its largest shareholders. Braunstein declined to comment on the reason for the reduction. Deutsche Bank, whose shares have risen 35% since Braunstein's investment was announced, said in a statement it was aware of the move, "which we understand is an in-kind distribution to certain" limited partners.

Incoming orders in the German construction industry fell 7.4% in November compared with October, data on Thursday showed, the latest bad sign for the nation's struggling property sector as it suffers... -January 25, 2024 at 04:38 am EST - MarketScreener

Deutsche Bank Chief Executive Officer Christian Sewing was reelected on Thursday to a second term as head of the Association of German Banks, the lobby said....