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Deutsche Bank warns of 67% drop in profits compared to last year as the coronavirus decimates performance but it expects to post a first quarter profit
Sean Gallup/Getty Images Deutsche Bank said in a pre-release statement Sunday that it exp.....»»
Deutsche Bank warns of 67% drop in profits as the coronavirus decimates performance
Sean Gallup/Getty Images Deutsche Bank said in a pre-release statement Sunday that it expects its net income to drop to €66 million ($72 million) as the impact of coronavirus ta.....»»
Credit Suisse reports a shock 75% spike in profits, but warns coronavirus is having a "severe impact" on its business
REUTERS/Stefano Rellandini/File Photo Swiss banking giant Credit Suisse posted better than expected earnings Thursday, reporting a 75% increase in quarterly profits. Cre.....»»
Morgan Stanley warns of more pain ahead as coronavirus bites profits
In January, just before the virus started spreading around the world, Morgan Stanley boosted its performance targets and set new goals for cost-cutting......»»
Market Extra: Banks work nearly for free? That’s one likely drawback of Trump’s small businesses rescue effort, say S&P Global
The Trump administration is imploring U.S. banks to lend emergency aid quickly to small businesses threatened by the coronavirus pandemic, but the push isn’t likely to mean profits for lenders, warns S&P Global Ratings......»»
Galaxy Digital Warns Losses Could Continue as Coronavirus Hits Bottom Line
The crypto merchant bank just managed to keep its head above water in 2019, but says profits will likely suffer amid the effects of Covid-19......»»
Japan & Russia Report Worrisome Surge In New Cases, Italian PM Warns "EU Could Fail" Over Outbreak: Live Updates
Japan & Russia Report Worrisome Surge In New Cases, Italian PM Warns "EU Could Fail" Over Outbreak: Live Updates Summary: Italian PM says "EU could fail" if bailout packag.....»»
Transforming Britain"s John Lewis could take five years, new boss warns
The new chairman of British retailer John Lewis warned on Thursday it could take up to five years to revive the employee-owned group hit by sliding profits......»»
EasyJet warns of softening demand in wake of coronavirus
British budget airline easyJet warned on Friday it had seen a "significant" softening of demand into and out of its northern Italian bases and a reduction across its other European markets due to coronavirus......»»
EasyJet warns of softer Italian demand in wake of coronavirus
British budget airline easyJet warned on Friday it had seen a significant softening of demand and load factors into and out of its northern Italian bases and slower demand in other European markets due to coronavirus......»»
Italian Cases Soar Past 300 As EU Stubbornly Refuses To Close Borders; 10 Dead: Live Updates
Italian Cases Soar Past 300 As EU Stubbornly Refuses To Close Borders; 10 Dead: Live Updates Summary: WHO warns the rest of the world "is not ready f.....»»
Puma warns of hit to sales and profits from coronavirus
German sportswear group Puma on Wednesday said it expected China's coronavirus outbreak to hit its sales and profits in the first quarter but it still hopes to reach its targets for 2020......»»
Stocks drop after Apple warns of coronavirus fallout
Stocks fell Tuesday as a forecast warning from tech giant Apple stoked worries over the coronavirus and its impact on corporate profits and the global economy......»»
Stocks drop after Apple warns of coronavirus fallout
Stocks fell Tuesday as a forecast warning from tech giant Apple stoked worries over the coronavirus and its impact on corporate profits and the global economy......»»
Stocks decline after Apple warns of coronavirus fallout
Stocks fell Tuesday as a forecast warning from tech giant Apple stoked worries over the coronavirus and its impact on corporate profits and the global economy......»»
Stocks decline after Apple warns of coronavirus fallout
Stocks fell Tuesday as a forecast warning from tech giant Apple stoked worries over the coronavirus and its impact on corporate profits and the global economy......»»
Valentine"s Day balloons could cause power outages, warns electric company
Metallic Valentine’s Day balloons can float away and hit power lines, causing power outages......»»
Marubeni cuts annual profit forecast, warns virus may hit global economy
Japanese trading house Marubeni Corp on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war......»»
Bond yields are falling and that could stunt bank profits, Jim Cramer warns
"Lower long-term rates translate to lower earnings for the banks, which is why they've been coming down so hard," CNBC's Jim Cramer says......»»
Daimler warns 2019 profits to halve as problems deepen
German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry's diesel emissions scandal, heavy investment in electric vehicles and production problems......»»