Deutsche Bank is reviving bad memories for its investors

Quick Summary:

Big European banks are humming, but you’d never guess that from looking at their stock prices.

BNP Paribas also smashed forecasts, set a new record for quarterly net income and reported its strongest equities-trading revenue ever, which for the first time outstripped its traditionally dominant trading of bonds, currencies and commodities.Its stock also dropped.

For investors and analysts, however, the troubling aspects of the episode are twofold: It’s a distraction for leadership and an unwelcome reminder that past problems can still rear their heads at a lender that was long among the most dysfunctional big banks after the 2008 crisis, but has been on a much better track in the past few years.

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Article Details

Author / Journalist: PAUL J. DAVIES

Category: EconomyBusiness

Markets: MalaysiaGermanySpain

Topics: /Business/Insight ECB DeutscheBank Commentary StockPrices InterestMargins EuropeanBanks LoanDemand EconomicOutlook StagflationConcerns

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 696 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21777343

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