London Report: Deutsche’s loss knocks the FTSE and UK banks January 20, 2014 BRITAIN’S FTSE 100 stalled near an eight-month high yesterday, held back by weak banking shares as a surprise loss at Germany’s Deutsche Bank was seen as a bad omen for UK lenders’ results. Britain’s main share index, however, was expected to resume its uptrend soon and hit highs not seen since 1999, boosted by a [...]
Deutsche Bank hit by pre-tax loss of €1.2bn January 20, 2014 DEUTSCHE Bank slid to a €1.15bn (£1bn) pre-tax loss in its fourth quarter, it revealed last night, as one-off restructuring and litigation costs wiped out profits at the German lender. A poor performance in the bank’s corporate banking & securities (CB&S) division helped to drag group revenues down by 16 per cent to €6.6bn in [...]
Deutsche and Citi face foreign exchange probe January 15, 2014 DEUTSCHE Bank has suspended several traders in the Americas, while Citi’s offices in Canary Wharf were yesterday visited by US enforcement officers. The probes are part of wider investigations into the foreign exchange markets – regulators believe traders may have attempted to fiddle some benchmarks. The Deutsche Bank staff are thought to have been based in [...]