Free Republic
Browse · Search
News/Activism
Topics · Post Article

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?!
6 posted on 04/29/2020 5:47:01 PM PDT by Svartalfiar
[ Post Reply | Private Reply | To 1 | View Replies ]


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?
7 posted on 04/29/2020 6:23:35 PM PDT by Svartalfiar
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson