Deutsche Bank sets steady course after record year in 2006
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Deutsche Bank, the biggest German private bank, has said it planned to maintain its current strategy after its main corporate and private customer businesses contributed to record earnings last year.
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Throughout the tumult of the past several years, there was one aspect of Fannie Mae culture that seemed to hold steady.
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Business confidence in Germany stayed just off an all-time high in May, as the outlook for the eurozone&#39;s biggest economy remained rosy, a key survey showed Thursday.
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HSBC Holdings PLC, Europe's largest bank by market value, reported Monday that profit rose 5 percent in 2006 despite losses in its mortgage operation in the United States that led to the removal of two senior executives.
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German business confidence braved surging oil prices and the strong euro to remain stable in October, a widely watched barometer of industrial confidence in the eurozone's biggest economy showed.
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The reported earnings of $1.07 billion keep the worldâs largest restaurant chain on a sustained roll around the globe.
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Business confidence in Germany remains close to its highest levels in 15 years, according to a new survey which confirms that the recovery of the eurozone&#039;s biggest economy remains on track despite concerns about the strong euro and high oil prices.
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The German central bank made around four billion euros in profits last year, according to a report in Financial Times Deutschland on Monday.
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Germany's economy is back on a stable path of growth after three years in stagnation and is not immediately threatened by the surge in oil prices, Chancellor Gerhard Schroeder said Wednesday.
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The German economy, the biggest in Europe, beat all growth expectations in 2006, on surprising performance in the fourth quarter, official data showed.
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China will keep to a path of rapid but stable economic growth in 2007, the head of the National Development and Reform Commission, China's top planning agency, said on Wednesday.
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The German economy, the biggest in the 12-country eurozone, was teetering on the edge of its third recession in just four years at the end of 2004, but the outlook for this year is brighter with investor confidence on the rise, data showed.
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The number of mortgage approvals at UK banks is now steady, but remains near a record low, bankers say.
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The investment bank has no trouble keeping pace with its peers.
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The European Central Bank keeps eurozone interest rates unchanged at 2% for the fourteenth month in a row.
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FRANKFURT Deutsche Bank said Friday that third quarter net income rose a better-than-expected 18 percent from a year earlier, to â¬680 million, helped by the sale of property in New York that was damaged by the Sept.
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The German economy, Europe's biggest, is currently running up one record after another.