Deutsche Bank’s DWS Reports Inflows; Assets Climb to Record High
Deutsche Bank AG’s investment arm DWS Group posted inflows that pushed assets under management to a record high, as investors increased their allocations in passive products.
Deutsche Bank AG’s investment arm DWS Group posted inflows that pushed assets under management to a record high, as investors increased their allocations in passive products.
BNP Paribas SA’s fixed-income traders trailed all of the large Wall Street banks in the first quarter, taking the shine off a strong performance in other parts of the investment bank.
Deutsche Bank AG relied on its traders and investment bankers to make up for a slowdown in income from lending, as Chief Executive Officer Christian Sewing seeks to deliver on an ambitious revenue goal.
Asian equities declined after Meta Platforms Inc.’s disappointing outlook raised concern about whether the bull market has run too far.
Vietnam’s Vingroup JSC founder Pham Nhat Vuong provided his strongest backing yet for the company’s electric vehicle unit VinFast Auto Ltd., announcing he plans to inject at least another $1 billion of his personal wealth to back its global expansion.
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