Deutsche Bank profits beat expectations as well as potential bad debt

By Andy Rice 27 July 2010

Deutsche Bank reported a 6% increase in profits for its second quarter, with €1.16 billion in net income, a good couple of hundred more than most analysts were expecting. That is sufficient to cover its entire holding of Greek sovereign debt, if that country goes belly-up. But the bank is clearly not worried about bad debt; provisions for bad loans dropped from €1 billion in the same quarter last year to just €243 million. Bloomberg




Victim, villain or pawn: Why Eskom ‘whistle-blower’ Suzanne Daniels was fired

By Jessica Bezuidenhout

Magenta has no physical wavelength. It thus does not "exist" strictly speaking. Rather our brains are telling us that we are seeing "not green".