Deutsche Bank posts a profit of 113 million in 2020 after five years of losses.

Deutsche Bank, Germany’s largest bank, posted a net attributable profit of 113 million euros in 2020, compared with a loss of 5,718 million euros in the previous year, thanks to good results in the investment banking division, the bank said. Deutsche Bank’s turnover reached 24,028 million euros, 3.7% more than a year earlier, with 32% […]

Who is Andy Jassy, the next CEO of Amazon?

He is the architect of the success of AWS, a business with annualised revenues of $51 billion that contributes 59% of Amazon’s operating profit. Andy Jassy (53), Amazon’s next CEO to replace founder Jeff Bezos, is a veteran Amazon executive. Bezos’ deputy joined the company 24 years ago as a marketing executive, when Amazon was […]