Deutsche Bank and UBS post record quarterly results

About this episode

The episode discusses the record quarterly results of Deutsche Bank and UBS amidst market volatility and the UAE's decision to leave Opec.

Two of Europe’s key lenders enjoy stellar quarterly results on the back of market volatility. Deutsche Bank hikes revenue guidance after record profits while UBS notches a profit increase of 80 per cent to $3bn. CEO Sergio Ermotti said the Iranian conflict has not materially shifted client flows. The UAE shocks energy markets by announcing it is quitting Opec to free itself to ramp up production. However, energy minister Suhail Al Mazrouei tells CNBC that the country is committed to maintaining balanced oil markets. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Topics covered

• banking
• quarterly results
• market volatility
• energy markets
• Opec
• oil production

Keywords

• Deutsche Bank
• UBS
• quarterly results
• market volatility
• UAE
• Opec
• oil markets

Mentioned in this episode

Organizations: Deutsche Bank, UBS, Opec

Places: UAE

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