Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

Deutsche Bank has steep Q4 loss of $2.91 bn, Juergen Fitschen, Anshu Jain says biz strong

Jan 31 2013, 13:30 IST
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Deutsche Bank co-CEO Anshu Jain (Left), took over from Josef Ackermann (Right) last year. (Reuters) Deutsche Bank co-CEO Anshu Jain (Left), took over from Josef Ackermann (Right) last year. (Reuters)
SummaryThe bank wrote off the value of investments and businesses it owns.

security or asset, the more capital must be held.

Deutsche Bank has put many of these assets in a separate unit which will manage their disposal. Jain said the bank's efforts during the year at selling off or writing down risky investments as the equivalent of selling (euro) 8 billion in new shares.

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