The FINANCIAL Deutsche Bank has announced the long term extension of its partnership with Frieze, in support of artistic excellence and the shared vision of a diverse and thriving global community of emerging artists. For over 40 years Deutsche Bank has supported contemporary art and artists, and believes that art has a positive impact, not only on clients, visitors and staff but also on the communities in which the bank operates. As the Global Lead Partner for Frieze for 18 consecutive years, Deutsche Bank is proud to continue this commitment to the partnership, Deutsche Bank notes. “Our longstanding partnershipThe FINANCIAL Deutsche Bank has announced the long term extension of its partnership with Frieze, in support of artistic excellence and the shared vision of a diverse and thriving global community of emerging artists. For over 40 years Deutsche Bank has supported contemporary art and artists, and believes that art has a positive impact, ► The FINANCIAL BANKS
Claudio de Sanctis, Deutsche Bank
Tuesday, 11 May 2021 06:57
Deutsche Bank Swings to Loss in Swiss Unit
The bank’s Swiss arm swung to a loss last year, and set more aside against its assertive lending push. Its leaders said 2020 marked a turnaround.
Deutsche Bank in Switzerland posted a loss of 917,000 Swiss francs ($1 million) last year compared to a 2 million franc profit the prior year, according to its annual report. Last year, Deutsche averted a loss in Switzerland by releasing 37 million francs in provisions.
The Swiss results were released shortly after the German lender swung to a profit overall in the quarter and sidestepped the hedge fund hit which kneecapped Credit Suisse.
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