Tag Archives: Jack Ewing

DealBook – Jack Ewing – Deutsche Bank Profit Drops To $70 Million On Trading And Legal Headwinds – 29 October 2013

DealBook

FRANKFURT — Deutsche Bank said on Tuesday that profit in the third quarter fell sharply as Germany’s largest bank suffered from uncertainty in financial markets and set aside another big sum to cover legal charges.

Anshu Jain, the bank’s co-chief executive, had warned in September that earnings would drop this quarter because of lower commissions from trading in bonds and other forms of debt, one of the bank’s most important businesses.

Read the whole article at: www.dealbook.nytimes.com/link to original article

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Mark Scott And Jack Ewing – Two Big European Banks Report A Plunge In Profit – 4 August 2012

LONDON — Two of Europe’s largest financial institutions reported on Tuesday that profit plunged in the second quarter as the banking industry continues to struggle with the debt crisis.

Deutsche Bank of Germany and UBS of Switzerland both were hit by drops in trading activity, which weighed on the firms’ investment banking units. The banks warned that continued market volatility related to the crisis would most likely affect future growth. Continue reading