You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #10: Deutsche Bank Posts $1.6 Billion Profit [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-28-09 05:08 AM
Response to Original message
10. Deutsche Bank Posts $1.6 Billion Profit
PARIS Deutsche Bank, the biggest German bank, said Tuesday that it returned to profit in the first quarter, as trading revenue recovered amid a thawing of credit markets.

The bank, based in Frankfurt, posted net income for the January-March period of 1.2 billion, or $1.6 billion, compared to a net loss of 141 million in the first quarter of 2008. Analysts surveyed by Reuters had expected net profit of less than 800 million. It wrote off bad investments of 1.5 billion.

It said revenue rose 56 percent to 7.2 billion, lifted by what the bank said were record revenues in interest rate and foreign exchange products and a strong performance in money market products. Revenue in its corporate banking and securities business more than quadrupled, to 4.2 billion from 880 million.

....

The banks write-offs in the latest period included 841 million on its exposure to monoline insurers and an impairment charge of 500 million on the Cosmopolitan Resort & Casino property in Las Vegas, on which it foreclosed in September. It also set aside 526 million for possible credit losses, up from 114 million in the first quarter of 2008, and warned of rising delinquencies in Germany, a deteriorating credit environment in Spain, and the expansion of the consumer finance business in Poland.

http://www.nytimes.com/2009/04/29/business/global/29deu...
Printer Friendly | Permalink |  | Top
 
  -STOCK MARKET WATCH, Tuesday April 28 ozymandius  Apr-28-09 04:41 AM   #0 
  - Market Observation  ozymandius   Apr-28-09 04:43 AM   #1 
  - Hog Futures. Please allow me to interject: "Pigs for the Ancestors",  Ghost Dog   Apr-28-09 06:55 AM   #27 
  - Today's Reports  ozymandius   Apr-28-09 04:45 AM   #2 
  - Consumer Confidence in U.S. Jumps More Than Forecast (Biggest gain in 3 years!!)  54anickel   Apr-28-09 09:48 AM   #38 
  - Amazing what a sustained propaganda campaign can accomplish, isn't it?  Dr.Phool   Apr-28-09 10:00 AM   #40 
  - line item info:  UpInArms   Apr-28-09 10:42 AM   #42 
     - WHITE DIESEL Feminised, for example?  Ghost Dog   Apr-28-09 11:00 AM   #44 
  - Case-Shiller index down 2.2% in February, 18.6% in past year  UpInArms   Apr-28-09 10:44 AM   #43 
     - Related story from a few days ago  Danascot   Apr-28-09 03:33 PM   #58 
  - Oil falls below $49 as swine flu fallout eyed  ozymandius   Apr-28-09 04:48 AM   #3 
  - BP profit falls 62 percent but beats forecasts  ozymandius   Apr-28-09 04:50 AM   #4 
  - I f You Have To Borrow To Pay Your Dividend--It's NOT a Dividend!  Demeter   Apr-28-09 12:42 PM   #50 
     - Madoff running BP now?  Dr.Phool   Apr-28-09 02:45 PM   #56 
  - IRS says set to pursue "other banks" on tax evasion  ozymandius   Apr-28-09 04:52 AM   #5 
  - "Foreign Banks". No investigation of Goldman Sachs Bank AG in Geneva & Zurich, of course.  Ghost Dog   Apr-28-09 07:20 AM   #32 
  - U.S. urges BofA, Citi to increase capital: report  ozymandius   Apr-28-09 04:55 AM   #6 
  - Stress tests reveal Citi and BofA need more capital, but you knew that already - by Edward Harrison  ozymandius   Apr-28-09 05:29 AM   #14 
  - Stocks, Commodities Fall on Flu; Banks Decline on Stress Tests  ozymandius   Apr-28-09 04:58 AM   #7 
  - "damp the global economic recovery" = "extinguish the unfounded market rally"  Kolesar   Apr-28-09 06:42 AM   #24 
  - GM Bailout May Mean Government Becomes Its Biggest Shareholder  ozymandius   Apr-28-09 05:01 AM   #8 
  - I presume the UAW would get 44% of GM & assume the health care obligations  Kolesar   Apr-28-09 05:55 AM   #18 
  - Daimler Posts 1Q Loss As Mkt Downturn Bites  ozymandius   Apr-28-09 05:04 AM   #9 
  - Deutsche Bank Posts $1.6 Billion Profit  ozymandius   Apr-28-09 05:08 AM   #10 
  - Is there no mention of the handout received from AIG?  Hugin   Apr-28-09 09:46 AM   #37 
     - Sure There Is! It's In the Headline!  Demeter   Apr-28-09 12:44 PM   #51 
  - Bank of China posts lower-than-expected Q1 profit  ozymandius   Apr-28-09 05:11 AM   #11 
  - Our Next Troubled Bank: The Fed  ozymandius   Apr-28-09 05:16 AM   #12 
  - Oh, great.  Hissyspit   Apr-28-09 05:19 AM   #13 
  - Oh ungreat  SpiralHawk   Apr-28-09 05:45 AM   #15 
  - I meant "Oh, great" as in "More bad news."  Hissyspit   Apr-28-09 05:48 AM   #16 
     - I'm with you, Hissy  SpiralHawk   Apr-28-09 06:05 AM   #19 
        - O.k. I reread my first and wasn't sure I was clear.  Hissyspit   Apr-28-09 06:30 AM   #20 
        - And of course this is SUCH a SURPRISE.  Tansy_Gold   Apr-28-09 06:33 AM   #22 
  - Fed  tama   Apr-28-09 11:08 AM   #45 
     - I don't disagree with you, in the long run. But unfortunately I don't think that is going to happen.  Hissyspit   Apr-28-09 05:14 PM   #61 
  - That's One Way to Undo the Federal Reserve Act  Demeter   Apr-28-09 07:18 AM   #30 
  - The Fed is leveraged more than the derivitives were  Danascot   Apr-28-09 04:12 PM   #59 
  - Debt: 04/24/2009 11,185,300,192,981.20 (UP 377,530,118.35) (Tiny moves.)  Festivito   Apr-28-09 05:53 AM   #17 
  - dollar watch  UpInArms   Apr-28-09 06:31 AM   #21 
  - Cartoon nails it.  Tansy_Gold   Apr-28-09 06:35 AM   #23 
  - Timken indicates more job cuts are coming (7,000 job cuts is goal)  UpInArms   Apr-28-09 06:43 AM   #25 
  - Sacramento County looking at 1,000-plus job cuts to erase $187 million deficit  UpInArms   Apr-28-09 06:44 AM   #26 
  - These stats are looking grim...  notesdev   Apr-28-09 06:57 AM   #28 
  - Give It 6 Months--I Predict Great Things Coming  Demeter   Apr-28-09 07:19 AM   #31 
  - Deleted message  Name removed   Apr-28-09 07:40 AM   #34 
  - Give it time. Annnnnd... who the hell would talk deletable garbage here at the SMW?  ozymandius   Apr-28-09 07:37 PM   #63 
     - No Idea  Demeter   Apr-28-09 08:43 PM   #65 
        - You may not get a nastygram. . . . .  Tansy_Gold   Apr-28-09 08:48 PM   #66 
  - Risky Lehman bonds allegedly marketed to mentally ill  UpInArms   Apr-28-09 06:58 AM   #29 
  - Why Not? Their Money Is as Green As Anyone Else's!  Demeter   Apr-28-09 07:20 AM   #33 
  - KALW interview with William Black  DemReadingDU   Apr-28-09 09:10 AM   #35 
  - Bair Seeks to Expand Power, Ending Too Big to Fail (Update1)  Hugin   Apr-28-09 09:43 AM   #36 
  - Yeah, the Editorial Slant Is All in Media Circles  Demeter   Apr-28-09 01:45 PM   #53 
  - Huh??? U.S. Stocks Gain on Rise in Consumer Confidence; Home Depot Shares Advance  truthisfreedom   Apr-28-09 09:58 AM   #39 
  - Financial Flogging For Dummies  DemReadingDU   Apr-28-09 10:30 AM   #41 
  - Howdy, SMWers!  Roland99   Apr-28-09 11:13 AM   #46 
  - Howdy! Hope everything works out well for you.  Dr.Phool   Apr-28-09 11:42 AM   #47 
  - Well done! But, such a commute, cheaper than alternatives,  Ghost Dog   Apr-28-09 11:51 AM   #48 
  - I'm So Glad for You, Roland!  Demeter   Apr-28-09 01:47 PM   #54 
  - I was wondering about you...thanks for the update.. Best of luck.. n/t  antigop   Apr-28-09 03:10 PM   #57 
  - Glory!  ozymandius   Apr-28-09 07:35 PM   #62 
  - Shareholders throwing shoes at management  Robbien   Apr-28-09 12:41 PM   #49 
  - I watched all of it live and it was quite the spectacle  BelgianMadCow   Apr-28-09 05:02 PM   #60 
  - W's Iraqi journalist assailant sure made an impression didn't he?  ozymandius   Apr-28-09 07:40 PM   #64 
  - Interesting catch by Denninger.  Dr.Phool   Apr-28-09 12:54 PM   #52 
     - WOW! Bet That Doesn't Hit the Front Pages Any Time Soon  Demeter   Apr-28-09 01:49 PM   #55 
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC