Deutsche Reports Disappointing 1Q Results After Merger Talks Called Off
After Deutsche Bank and Commerzbank officially called off merger talks between the two German lenders, citing cost and execution risks outweighing potential benefits of a combined banking institution, Deutsche Bank is back to square one and off to a bad start. As the group refocuses, to try achieve the profitability of its past, first-quarter results are disappointing. Profits before tax declined to EUR 292 million in the quarter compared with EUR 432 million in the same period of 2018 as revenu...Deutsche Bank is a holding company acting as an international financial service provider. Co. offers a wide variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Co. has operations or dealings with existing or potential customers in most countries in the world. Co. is organized into the following six corporate divisions: Global Markets (GM); Corporate & Investment Banking (CIB); Private, Wealth & Commercial Clients (PW&CC); Deutsche Asset Management (Deutsche AM); Postbank (PB); and Non-core Operations Unit (NCOU).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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