Deutsche Bank to move about 4000 jobs out of UK

Deutsche Bank offices in Hannover Germany

Deutsche Bank's chief regulatory officer Sylvie Matherat has said that Brexit could force the bank to move around 4,000 jobs from the United Kingdom to European Union member countries.

In the quarter, net interest income fell 22 percent from past year to 3.07 billion euros.

German banking giant Deutsche Bank AG ( DB ) reported Thursday significantly higher profit in its first quarter, mainly reflecting lower expenses and provision for credit losses. Revenue from dealing in stocks, a business the firm has sought to expand because of its lower capital requirements, declined 10 percent while it was broadly flat at the US lenders.

The present return on equity (ROE) stands at -2.50%, while the debt to equity is at 2.93.

Previously the bank said it was committed to London.

The bank's core tier 1 equity ratio rose to 14.1 percent from 10.7 percent a year earlier, strengthened by an Dollars 8.5 billion cash call earlier this month. Dimensional Fund Advisors LP now owns 3,022,667 shares of the bank's stock worth $54,710,000 after buying an additional 628,861 shares during the period.

Deutsche Bank AG (DB) belongs to the "Financial" sector with an industry focus on "Foreign Regional Banks", with Mr. John Cryan as Chairman of Management Board and Chief Exec. Officer. Higher origination and advisory revenues were offset by lower global transaction banking revenues. Adjusted for this effect, revenues would have been broadly flat year-on-year.

Receive Deutsche Bank AG News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank AG with MarketBeat.com's FREE daily email newsletter. Two Sigma Investments LP boosted its position in shares of Deutsche Bank AG by 97.5% in the fourth quarter.

It beat an average of analysts' forecasts in a Reuters poll of 522 million euros. He reversed course after the bank failed to find a buyer for its Postbank consumer unit and the bank's shares recovered.

CEO John Cryan said Thursday the results showed that the bank was making progress in its hard, long-term restructuring. The unit, whose goal was to sell off or wind down risky investments and assets the bank no longer wanted on its balance sheet, had been a steady source of losses. Clients added a net 5 billion euros to the asset management business during the quarter.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, DB earned gross profit of 0, in 2015 0 gross profit, while in 2016 Deutsche Bank AG (DB) produced 0 profit.

Deutsche Bank's big fixed-income trading business, a closely watched driver of profit, posted an 11% revenue increase from the same quarter a year ago. The bank's ongoing process of cutting clients to cut risk and expenses continued to bring down revenue in some areas.

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