Deutsche Bank

Deutsche Bank yesterday announced its third-quarter net profit fell 8 percent year on year to 1.03 billion euros ($1.09 billion), blaming higher tax rates.

But operating profits before taxes at Germany's largest bank were up 7 percent to compared to the third quarter of 2022 to 1.72 billion euros, making it "the highest for any third quarter since 2006," it said.

Interest in the initial public offering of Athens International Airport is surging, with prospective investors inquiring with advisers Bank of America, Deutsche Bank and Morgan Stanley and shareholder Hellenic Republic Asset Development Fund (TAIPED), the privatization agency.

Athens International Airport shareholders have given the go-ahead for the sale of a 30% stake in the country's biggest airport by privatization agency TAIPED, a senior official from the agency said on Thursday.

The state-owned Hellenic Republic Asset Development Fund has hired Bank of America, Morgan Stanley and Deutsche Bank to act as advisers on the sale of its stake.

In the 2015 movie "The Big Short," a disenchanted Wall Street banker portrayed by Steve Carell discovers that the until then roaring US housing market rests on flimsy foundations, years of precarious loan-giving, creating a bubble. Our banker, utterly disappointed by the inner rot of the "system," duly proceeds to bet against it and, in doing so, wins a fortune.

Greece has hired Bank of America, Morgan Stanley and Deutsche Bank to act as advisers on its planned listing of a 30% stake in Athens airport, two officials close to the matter said on Monday.

Athens said last year it was considering listing a 30% stake in its biggest airport after an ownership review. Germany-based manager AviAlliance holds a 40% stake in the airport.

The chief executive of DWS stepped down, the German asset manager said Wednesday, after the financial institution was raided by prosecutors in relation to "greenwashing" allegations.    

Asoka Woehrmann had "resigned as CEO of DWS Group" with the decision coming into effect after the asset manager's annual general meeting on June 9, it said.     

Foreign investors who remained aloof from Turkey for a few years are edging back in, drawn by a promise of some of the biggest returns in emerging markets and a pledge of economic and legal reforms, according to money managers.

Leading Italian economist Luigi Buttiglione recently spoke to Kathimerini about the public health crisis and the corresponding financial and economic crises. Following his tenure as senior economist at the Research Department of Banca d'Italia (1989-2000), he has achieved an impressive career in the global financial sector.

The bank reaffirmed its intention to move out of the stock business, releasing about 20 percent of its global workforce.

Deutsche Bank will cut about 18,000 jobs over the next three years as part of a major reorganization, the BBC reported.

The rumours were confirmed by the bank, which said it would completely abandon all operations related to the purchase and sale of shares.

Deutsche Bank has issued an internal communication thanking Eleni Dendrinos, its chief country officer (CCO) for Greece, who is retiring after a 20-year career with DB in Athens and over 40 years in the industry. As reported on Tuesday, she is replaced by Nicholas Exarchos.