To: MeneMeneTekelUpharsin
So I'm a little confused here.
revealing that the German lender has posted a bottom-line loss of 43 million attributable to shareholders during the three month period.
...
For the three month period, Deutsche Bank confirmed that it had achieved a Group profit before tax (PBT) of 206 million after bank levies of 503 million
So, the bank actually made a profit, but then European taxes took away 249MM, making that a net loss??? How do taxes put you into the negative? How is the 43MM loss "attributable to shareholders"? What does that mean, and how does it compare to just a regular $MM in losses?
And "bank levies" of 503MM, so fines for wrongdoing? Which means the bank actually made a net profit of 709MM before taxes and fines, so this story is really a nothingburger? Ignoring fines but allowing for taxes mean normally they'd have a net profit of 460MM? How are they in trouble if they generate half a billion dollars in profit?!
To: Svartalfiar; MeneMeneTekelUpharsin
How are they in trouble if they generate half a billion dollars in profit?!
Ah, that's over the first quarter only. So not much WuhanVirus effects, but if they generally manage 2B in profits for the year, how are they in that much trouble?
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