FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Deutsche Bank Sees Q2 Credit-Loss Provisions Slightly Above Consensus

By

Deutsche Bank (DB) may set aside more money for loan losses than analysts expected in Q2, although provisions are expected to be lower than in the previous quarter, Bloomberg News reported Wednesday, citing Chief Financial Officer Raja Akram.

The bank is taking a roughly 100 million euros ($116 million) charge to exit non-performing exposures, but Akram said the resulting improvement in the bank's capital position will more than offset the impact of the charge, the report said.

He expects year-over-year growth in the bank's fixed-income, currencies, and financing businesses, as well as projects the bank's common equity Tier ratio to remain in the middle of its 13.5% to 14% target range this year, with levels above 14% likely occurring after 2026, the report said.

Deutsche Bank didn't immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $31.27, Change: $-1.05, Percent Change: -3.25%

Related Articles

Wire

Update: Nova Minerals Says New South Wales Court Approves New US Holding Entity Plan; Shares Fall 6%

(Updates to add stock movement in the headline and last paragraph)Nova Minerals (ASX:NVA) said the Supreme Court of New South Wales has approved its proposed schemes of arrangement, enabling newly formed Nova Minerals Corp to acquire all existing shares and Nasdaq-listed warrants and become the group's new US-based holding entity, according to an Australian bourse filing on Tuesday after market hours.The schemes are expected to take legal effect on Wednesday upon lodgment of the court orders with the Australian Securities and Investments Commission, after which the company shares are anticipated to be suspended from trading on the Australian Securities Exchange, the filing added.The company's shares fell around 6% in recent Wednesday trade.

ASX:NVA
Wire

Netskope Joins Anthropic's Project Glasswing to Spot Code Vulnerabilities

Netskope (NTSK) said late Tuesday it has joined Project Glasswing, an Anthropic initiative that uses the company's most advanced AI model, Mythos Preview, to identify vulnerabilities in software code at greater speed and scale.Netskope has access to Anthropic's Claude Mythos Preview and will share findings with the broader Glasswing coalition and the cybersecurity community as part of the effort.Netskope shares rose 3.1% in after-hours trading.

$NTSK
Wire

TETRA Technologies Launches $100 Million Common Stock Offering

TETRA Technologies (TTI) said Tuesday it commenced an underwritten public offering of $100 million of shares of common stock.The company said it expects to grant underwriters a 30-day option to buy up to an additional $15 million of shares to cover over-allotments.Proceeds will be used for general corporate purposes, including funding construction of its Arkansas bromine project, according to a statement.Shares of the company were down over 9% in extended trading.

$TTI