Park East Capital, After a dreadful 2008, two European banks have posted good news.
Two of the biggest banks in Europe have posted better than expect results for 2009. The Deutsche Bank AG and Credit Suisse Group AG have both come out and said that 2009 has started better than expected.
It was only last week when Park East Capital reported that Americas big banks, Bank of America, Citigroup and JP Morgan all announced profits for 2009.
The CEO of Deutsche Bank said today that it was a good start to the year. This has been due to the scaling back of high-risk investments and considerable downsizing of departments. They have also been working hard on getting rid of any toxic assets.
Switzerlands second largest bank Credit Swiss put its success this year down to aggressive corporate restructuring.
Senior economist at Park East Capital commented that the news coming out of Europe following the US shows that signs of recovery are there in place. There has been a lot of fear since the last quarter of 2008 in which most banks experienced their biggest losses since the great depression.
It looks like we may miss a depression and just have a bad recession as the signs of growth can be seen. Park East Capitals senior economist reportedly stated that this is a relief for any new ventures in the future. More stability in the market will help us find good investments for the future.
Capital News “Park East Capital” – Google’s Opt Against Patents. - “Park East Capital” – Google’s aggressive policy is paying dividends in find a solution to patent issues.“Park East Capital” recently reported that Google is winning its patent claim assault; Accordin .. (86 Views)
“Park East Capital” – Google Share Price to Increase: - “Park East Capital” – Fighting patents is the best solution for Google, the solution is working …“Park East Capital” recently reported that Google is winning its patent claim assault; According to the .. (74 Views)
“Park East Capital”: Obama To Lay Down The Law With Banks. - “Park East Capital”, US President to outline his plans to US bank Leaders.Sources close to The U.S President Barack Obama have reportedly informed firms such as “Park East Capital” that the president .. (70 Views)
“ Park East Capital ”: Bernanke Allays Fears About Stress Tests. - “ Park East Capital ”, Market slips on the back of fears of new bailout money for banks.“Park East Capital” US correspondent reporting from Washington. Market fears about the upcoming results of the U .. (62 Views)
“Park East Capital”- Durable Goods Get Unexpected Gain. - “Park East Capital”, Signs that the economy is recovering after biggest gains in a year.The biggest gain in over a year for durable goods orders was announced today. Up over 3 percent in February, thi .. (61 Views)
“Park East Capital”-Soros Speaks Out. - “Park East Capital”, Richer nations should contribute more money for the poor.According to recent reports by “Park East Capital”, the amous financier George Soros has spoke about the importance of sup .. (59 Views)
