Mixed German results

clock

GERMANY - Deutsche Bank reported a net loss of €141m (US$219.3m) in Q1 2008 with an 8% poorer performance in asset management revenues than the same period last year.

The German giant attributed the drop to write downs of leveraged loans and commitments of €2.7bn over the three months. Josef Ackermann, chairman, Deutsche Bank management board, commented: "In ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Uncategorised

Alternative investment: reducing food losses

Klaas Smits of Robeco believes reducing food losses will play a key role in the efforts to feed the world's growing population

Klaas Smits
clock 03 October 2011 •

Bulgaria raises Pension contributions to cover budget deficit

BULGARIA - Bulgaria has raised obligatory contributions paid by employers and workers to the state pension fund by 1.8 percentage points to cover the widening budget deficit.

Elizabeth Konstantinova at Bloomberg News
clock 20 October 2010 •

EU vote on AIFM directive postponed

The European Parliament has postponed the adoption of the Alternative Investment Fund Managers directive after failing to reach an agreement between members at a meeting yesterday.

clock 25 June 2010 •
Trustpilot