(Bloomberg) — Deutsche Bank AG became the latest European lender to try and put a price on the pain ahead because of the coronavirus, setting aside about 500 million euros ($542 million) to cover souring loans after a better-than-expected first quarter performance.Provisions for soured credit were probably the highest in six years and the lender scrapped its minimum target for capital buffers, the company said late Sunday. At the same time, revenue and net income beat analyst estimates during the three-month period, for a large part unaffected by the outbreak.Chief Executive Officer Christian Sewing has been trying to reassure stakeholders …read more
Source:: Yahoo Finance
