The European Economic Karen Millen Dress
Crisis spoils of Deutsche Bank's business. http://www.karenmillendressesinuk.com
The house money earned in the second quarter € 700 million - significantly less than expected. Guilt is clearly the weak euro exchange rate versus dollar and pound.
Frankfurt - The German bank surprised with an early release of their quarterly numbers - but the fall is not particularly rosy. Karen Millen Dress The bank has in the second quarter earned less than expected. Pre-tax profit lies at around one billion euros, it said on Tuesday. A year earlier there had been more than 1.8 billion euros. The bottom line lies in the profit of around 700 million €. A year earlier, profit was 1.2 billion euros.
Analysts had predicted, according to data Karen Millen Dresses from Thomson Reuters for the second quarter a pretax profit of 1.4 billion euros and a net profit of just over one billion. The complete quarterly report is expected next Tuesday.
Investors reacted with irritation at the presentation of key data: the share of Deutsche Bank scored a short time by more than two percent in the air, the trade but ended with a loss of 0.2 percent at 23.47 euros.
The bank had suffered from the weak euro, would be by the pound and the Karen Millen dollar increases in the costs incurred, it said in support of the Deutsche Bank. For the full year, the German bank is now based on a lower profit than analysts had her still credited in the spring. At that time, the financial institution had taken on the basis of analysts' estimates a net profit of three billion euros to pay a dividend.
Most recently, the negative news accumulated from the largest German financial institution. So shall the Bank be involved in the recent scandal involving interest rate manipulation. Also check the money home a massive job cuts in investment banking.