Germany’s biggest lender Deutsche Bank said Wednesday a major restructuring under its new chief executive was in full swing, as it confirmed second-quarter profits that beat analysts’ previous expectations. Net profits reached 401 million ($468 million) on the back of 6.6 billion in revenue, in line with preliminary figures the lender released earlier this month.…
A Victorian man who bankrupted his foes, including a sex worker who wouldn’t take part in a plot to seduce his love interest’s husband, has been jailed for at least six years. Antonio Datillo, 44, pleaded guilty in the County Court of Victoria to 11 counts of perverting the course of justice, 10 counts of…
A candidate running in the Braddon by-election was declared bankrupt in 2008 and is unlikely to be eligible to sit in parliament. Court records show Australian People’s Party candidate Bruno Strangio was declared bankrupt a decade ago – undischarged bankrupts are ineligible to sit in parliament. Mr Strangio was one of 13 candidates across five…
FRANKFURT, Germany (AP) Germany’s struggling Deutsche Bank says net profit fell to 401 million euros in the second quarter from 466 million euros a year earlier as the bank incurred higher costs from its restructuring. The profit beat analyst estimates for 209 million euros and the bank said it was making quicker progress in cutting…