Skip to content

Deutsche Bank eyes zero dividend..the catalyst?

2015, spalio 10

Follow The Money

logotype_dbblue_centered

http://www.bloomberg.com/news/articles/2015-10-07/deutsche-bank-bracing-for-7-billion-loss-mulls-zero-dividend

Deutsche Bank AG may forgo dividends for the first time in almost 60 years as co-Chief Executive Officer John Cryan tries to overhaul the firm without calling on shareholders for more capital.

The German bank said it will probably post a third-quarter loss of 6.2 billion euros ($7 billion) — the largest three-month loss in at least a decade — as a result of writedowns and legal costs. The shares rose 3.1 percent and were 0.5 percent higher as of 12:49 p.m. in Frankfurt trading, erasing earlier losses of as much as 3.6 percent.

The charges clear the way for Cryan, who became co-CEO in July, to present a strategy later this month for shoring up capital and increasing profitability. Regulatory and compliance expenses have overwhelmed the firm’s efforts to cut costs.

“You expect a new CEO to go through the balance sheet with an iron brush, but we didn’t…

View original post 140 more words

From → Uncategorized

Parašykite komentarą

Parašykite komentarą

Įveskite savo duomenis žemiau arba prisijunkite per socialinį tinklą:

WordPress.com Logo

Jūs komentuojate naudodamiesi savo WordPress.com paskyra. Atsijungti / Keisti )

Twitter picture

Jūs komentuojate naudodamiesi savo Twitter paskyra. Atsijungti / Keisti )

Facebook photo

Jūs komentuojate naudodamiesi savo Facebook paskyra. Atsijungti / Keisti )

Google+ photo

Jūs komentuojate naudodamiesi savo Google+ paskyra. Atsijungti / Keisti )

Connecting to %s

%d bloggers like this: