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IDBI Bank Loss widens to Rs 56.6 billion as NPAs touch 28%

Government-owned IDBI Bank's net loss widened to Rs 56.6 billion in the March quarter, on a sizable Rs 107.8 bn provision for bad loans.The quarterly loss, the sixth in a row, was deeper than the Rs 31.9 bn in the same period last y.....»»

Category: topSource: business-standardMay 25th, 2018

Deutsche Bank suffers $3.5 billion loss on road to reinvention

Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion), underlining the challenges it faces as it attempts to turn around its struggling business......»»

Category: topSource: reutersJul 24th, 2019

Deutsche Bank suffers $3.5 billion quarterly loss

Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion) because of major costs stemming from its efforts to reshape its business......»»

Category: topSource: reutersJul 24th, 2019

Deutsche Bank posts second quarter loss of $3.51 billion on restructuring costs

Deutsche Bank on Wednesday said the German company posted a larger-than-expected loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major restructuring costs......»»

Category: topSource: moneycentralJul 24th, 2019

Deutsche Bank posts second quarter loss of $3.51 billion on restructuring costs

Deutsche Bank on Wednesday said the German company posted a larger-than-expected loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major restructuring costs......»»

Category: topSource: moneycentralJul 24th, 2019

Deutsche Bank posts second quarter loss of $3.51 billion on restructuring costs

Deutsche Bank on Wednesday said the German company posted a larger-than-expected loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major restructuring costs......»»

Category: topSource: reutersJul 24th, 2019

Axe falls as Deutsche Bank lays off 18,000 in $8.3 billion reinvention

Deutsche Bank laid-off staff from Sydney to New York on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) "reinvention" which will lead to yet another annual loss and knocked its already battered shares......»»

Category: topSource: reutersJul 8th, 2019

Major bank slashes 18,000 jobs in $8.3 billion overhaul

Deutsche Bank AG unveiled a radical overhaul that will see the lender exit its equities business, post a 2.8 billion-euro ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability......»»

Category: topSource: moneycentralJul 8th, 2019

Axe falls on 18,000 Deutsche Bank jobs in $8.3 billion reinvention

Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) "reinvention" which Germany's largest lender said would mean yet another annual loss, knocking its shares......»»

Category: topSource: reutersJul 8th, 2019

Deutsche Bank begins 18,000 job cull in $8.3 billion reinvention

Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) "reinvention" set to tip Germany's largest lender into yet another annual loss......»»

Category: topSource: reutersJul 8th, 2019

Deutsche Bank CEO slashes 18,000 jobs in $8.3 billion overhaul

Deutsche Bank AG unveiled a radical overhaul that will see the lender exit its equities business, post a 2.8 billion-euro ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability......»»

Category: topSource: moneycentralJul 8th, 2019

Deutsche Bank plans 'radical transformation' after $3.1B in second-quarter losses

The German bank says it will take a giant second-quarter loss of 2.8 billion euro ($3.1 billion) and lay off as many.....»»

Category: topSource: usatodayJul 7th, 2019

Lyft"s Net Loss Widens In The First Quarter

Ride-hailing company Lyft Inc (NYSE: LYFT) reported a first quarter 2019 net loss of $1.14 billion, or a net loss of $48.53 per share, the company said on May 7. read more.....»»

Category: blogSource: benzingaMay 8th, 2019

Tesla junk bond spreads widens to a record after big loss

Investors are demanding a record risk premium for holding Tesla Inc's $1.8 billion junk bond after the electric car maker posted a $700 million first-quarter loss and signaled it may be in the market for more capital soon......»»

Category: topSource: reutersApr 25th, 2019

Axis Bank posts first quarterly loss since listing in 1998 at Rs 21.8 bn

Asset quality deteriorated because gross NPAs as a percentage of advances increased to 6.77 per cent in the March quarter from 5.28 per cent in the December quarter.....»»

Category: topSource: business-standardApr 26th, 2018

IndusInd Q4 net up 26% at Rs 9.5 bn; divergence seen with RBI on NPA data

IndusInd Bank's net profit rose 26 per cent for the quarter ending March. It also saw a big divergence with the Reserve Bank of India's own estimate for its non-performing assets (NPAs). Net profit rose to Rs 9.5 billion, compared .....»»

Category: topSource: business-standardApr 19th, 2018

IDBI Bank prepares roadmap for NPA reduction, improving financial health

Strategies have been drawn to ensure that the NPAs are reduced in a structured manner by taking help of Insolvency and Bankruptcy Code (IBC) and other means.....»»

Category: topSource: business-standardApr 15th, 2018

GM"s troubled Korea unit says annual net loss widens to $1.1 billion

DETROIT/SEOUL (Reuters) - General Motors' South Korean unit said on Friday its annual net loss widened to $1.1 billion, its fourth straight year in the red after GM's decision to pull its Chevy brand from Europe led to reduced exports......»»

Category: topSource: reutersApr 13th, 2018

Rs 6-billion IDBI Bank-Aircel fraud case: Lens on independent directors

According to legal experts, these individuals may continue to hold office until investigative agencies file a prosecution charge against them.....»»

Category: topSource: business-standardMay 1st, 2018

Tesla Inc."s Q1 Loss Widens Amid Model 3 Production Ramp-Up

With over $1 billion of negative free cash flow, investors are watching Tesla's Model 3 production ramp-up closely......»»

Category: topSource: foxnewsMay 3rd, 2018

Wage row: Bank unions seek govt intervention, set May 12 deadline

According to the AIBEA, in 2016-17, while the gross operating profit of banks was about Rs 1,590 billion, the provision for NPAs was around Rs 1,703 billion.....»»

Category: topSource: business-standardMay 8th, 2018