This message brought to you by Deutsche Bank, proud supporter of “Please don’t bank run us into the ground” …

by

by BoatSurfer600

  • The emergency rescue of Credit Suisse by UBS, in the wake of the collapse of U.S.-based Silicon Valley Bank, has triggered contagion concern among investors.

  • This was deepened by further monetary policy tightening from the U.S. Federal Reserve on Wednesday.

  • Deutsche Bank underwent a multibillion-euro restructure in recent years aimed at reducing costs and improving profitability.

  • Deutsche Bank recorded annual net income of 5 billion euros ($5.4 billion) in 2022, up 159% from the previous year.

https://www.cnbc.com/2023/03/24/deutsche-bank-is-not-the-next-credit-suisse-analysts-say-as-panic-spreads.html

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

4 views