Deutsche Bank sees hit on loans
Article Abstract:
Deutsche Bank AG announced that the recent credit market problems are expected to impact the firm's third-quarter earnings. The bank will have to reevaluate the worth of around $40.5 bil in loans, as it can no longer repackage them for sale to investors. Shares of Deutsche Bank dropped 2% in response to the announcement.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Deutsche Bank posts 25% rise in net earnings
Article Abstract:
Deutsche Bank AG is reporting a 25% increase in third-quarter net profits, despite weaker market conditions. Profits increased to $1.58 billion, aided by the sale of Linde AG, by an insurance settlement connected to 9/11, and by a lower tax rate.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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