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Challenge in Investment Banking and Trading Hurt Deutsche Bank
As an investment bank, a problem in investment-banking operation will damage the overall performance. Deutsche Bank suffered its first annual loss since 2008, followed by drastic drop of its shares.
Developing Own Delivery System Cuts Amazon’s Fourth Quarter Profit While Increasing Fixed Assets
Amazon has become inspired by Prime’s offers for free delivery within two days against online purchases for more than $100. Instead of spending more for shipping, Amazon is slowly approaching towards own delivery system through purchasing trucks and building own warehouses. These efforts have engaged current assets and narrow down fourth quarter profit. But 26% rise in yearly sales indicates a very different outlook.
Sluggish Growth On British House Prices Due To Mortgage Approvals Dip
The house prices in UK grows slower than expected due to the mortgage approvals dip in the previous month. However, the number is still higher compared to the one in 2014. With some factors related to wages raise and unchanged interest rates, there is likely an increase in the housing demand shortly.
The Fed Will Stress Test U.S. Banks to Ensure Their Resilience
Federal Reserve Bank will issue a much tougher annual stress test this year. The test aims to prevent recurrence of 2008 crisis, analyzing resilience of 33 large U.S. banks against the worse-case hypothetical scenario..