Latest news with #financialconference
Zawya
5 hours ago
- Business
- Zawya
Deutsche Bank's deal-making business weaker than expected, CEO says
FRANKFURT: Deutsche Bank's origination and advisory business is not as strong as the German bank had expected at the beginning of the year, CEO Christian Sewing said on Thursday. Sewing said at a financial conference that the deal-making business will be weaker in the second quarter than executives had planned at the start of 2025 as companies postpone decisions in the wake of U.S. tariff policies. "Will it be weaker than we initially thought? Yes. But to be honest, we talk about a lot of delayed, but not cancelled, deals," Sewing said. Deal-making has slowed this year as U.S. President Donald Trump's tariffs on trading partners fanned turmoil in markets and sparked concerns about slowing economic growth. Other big banks, including Bank of America, have also warned of a slowdown in the business. Sewing said he was optimistic about Deutsche's other business lines, like the corporate bank and retail bank, and Deutsche Bank is sticking to its targets, he said. This is a crucial year for Deutshe Bank, Germany's largest lender, as it faces a deadline to meet ambitious targets on costs and profitability. (Reporting by Tom Sims, Editing by Rachel More)
Reuters
a day ago
- Business
- Reuters
UniCredit CEO says chances of pursuing Banco BPM deal no more than 20%
MILAN, June 11 (Reuters) - The chances that UniCredit ( opens new tab can see through its takeover bid for smaller peer Banco BPM ( opens new tab are at best 20%, CEO Andrea Orcel said on Wednesday. Speaking at a financial conference organised by Goldman Sachs in Berlin, Orcel told investors the conditions Italy set to authorise takeover using 'golden powers' it has to protect national security interests create too much uncertainty and expose the bank to huge fines if UniCredit does not comply.
Yahoo
a day ago
- Business
- Yahoo
UniCredit CEO says chances of pursuing Banco BPM deal no more than 20%
MILAN (Reuters) -The chances that UniCredit can see through its takeover bid for smaller peer Banco BPM are at best 20%, CEO Andrea Orcel said on Wednesday. Speaking at a financial conference organised by Goldman Sachs in Berlin, Orcel told investors the conditions Italy set to authorise takeover using 'golden powers' it has to protect national security interests create too much uncertainty and expose the bank to huge fines if UniCredit does not comply. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
ECB will be as "agile" as needed in line with data flow- Villeroy
PARIS (Reuters) -The European Central Bank stands ready to react as necessary to the flow of economic data in the face of currently high uncertainty, ECB policymaker Francois Villeroy de Galhau said on Tuesday. The ECB cut rates for the eighth time last Thursday and signalled that it may now pause after its fastest policy easing cycle since the 2008/2009 global financial crisis. "We will remain pragmatic going forward according to the data and will be as agile as necessary," Villeroy, who is also head of the French central bank, told a financial conference in Paris. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 days ago
- Business
- Reuters
ECB will be as "agile" as needed in line with data flow- Villeroy
PARIS, June 10 (Reuters) - The European Central Bank stands ready to react as necessary to the flow of economic data in the face of currently high uncertainty, ECB policymaker Francois Villeroy de Galhau said on Tuesday. The ECB cut rates for the eighth time last Thursday and signalled that it may now pause after its fastest policy easing cycle since the 2008/2009 global financial crisis. "We will remain pragmatic going forward according to the data and will be as agile as necessary," Villeroy, who is also head of the French central bank, told a financial conference in Paris.
