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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Deustche bank Reported Improved Net loss for 2016

February, 02 2017
watermark Economic news

Deutsche Bank, an established German lender, reported a net loss of 1.9 Billion Euros equivalent to 2.05 Billion U.S. Dollars in its fourth quarter. This is seen as a better outcome for the year 2016 which has been a difficult year. Also, compared to a year earlier than 2016 where the net loss was calculated as 6.8 billion euros, the 1.4 figure was significantly lower supported by strong capital and high liquidity ratios. On the other hand, charges tallied as much as 5.8 billion euros for last year with 2.9 billion euros spent for the fourth quarter alone as shown in the earnings report.

For the month of January this year, they publicized that the bank will pay 7.2 billion U.S. dollars for “misleading investors” with the Residential Mortgage-Backed Security (RMBS) agreement holding them accountable with its wrongdoings that were detrimental for both investors and general American population. Back in 2016, the bank is said to pay 14 billion U.S. Dollars to settle its RMBS with the U.S. Department of Justice.  

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.