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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»
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.....»»
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......»»
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.....»»
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 .....»»
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.....»»
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......»»
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.....»»
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......»»
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.....»»