Re: Was ist Kapitalismus? D a s ist Kapitalismus!

verfasst von dottore, 01.02.2001, 10:52

Deutsche to split in two
German bank's full year profit doubles, restructures business for growth
February 1, 2001: 3:41 a.m. ET


LONDON (CNN) - Deutsche Bank, the world's second-largest bank, said on Thursday it will axe thousands of jobs and split itself in two to keep its growth on track.

The German bank plans to reorganise its businesses into two units - one comprising investment and corporate banking and the other retail banking, private banking and asset management.

Some 2,600 jobs will be lost in the restructuring

CEO-designate Josef Ackermann will be in charge of investment banking and will be charged with increasing profits by more than 30 percent over the next three years.

The move is expected to generate cost savings of 1.5 billion ($1.4 billion) and increase earnings per share by more than 15 percent a year up to 2003.

The Frankfurt-based bank said full-year profit doubled to 4.95 million, in line with expectations, from 2.45 million a year ago. Earnings per share rose to 9.02 from 4.86 in 1999.

Deutsche Bank also said fourth-quarter profit eased 2 percent to 581 million. Analysts polled by Reuters had expected net profit of 4.96 billion in full year 2000 and 598 million in the fourth quarter alone.

Full year profit was boosted by the sale of shares in insurer Allianz worth 2 billion. Net commission income jumped 42 percent driven by profits from Bankers Trust, the U.S. bank that Deutsche bought two years ago.

Shares in Deutsche Bank (FDBK) fell 4.7 percent to 99.70 in early Frankfurt trade.



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• Deutsche Bank. Jetzt Welle4 (W4) nach Ende W3 bei 105€? owT - FUXX, 01.02.2001, 10:41
  • Re: Was ist Kapitalismus? D a s ist Kapitalismus! - dottore, 01.02.2001, 10:52
    • Das ist der Beginn der 5 im Konzentrationsprozeß. Shareholdervalue wir beten - ufi, 01.02.2001, 11:09
    • Re: Was ist Kapitalismus? D a s ist Kapitalismus! - Diogenes, 01.02.2001, 11:29
    • Re: Was ist Kapitalismus? D a s ist Kapitalismus! - FUXX, 01.02.2001, 11:34
      • Re: Was ist Kapitalismus? D a s ist Kapitalismus! - Harry, 01.02.2001, 11:41
        • Re: Was ist Kapitalismus? D a s ist Kapitalismus! - FUXX, 01.02.2001, 11:46
          • Re: Was ist Kapitalismus? D a s ist Kapitalismus! - Harry, 01.02.2001, 11:49