Tom Sims

Frankfurt am Main

Senior Correspondent at Reuters

Journalist with Reuters based in Germany. Former NYT, IHT and WSJ. [email protected]

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Articles

German Commercial Property Prices Start Year with Gains

3 days ago | gurutrade.com | Tom Sims |Friederike Heine

FRANKFURT, May 12 (Reuters) - German commercial property prices rose 2.3% in the first quarter, the VDP banking association said on Monday, marking a second consecutive quarter of modest gains after years of declines. The increase was bigger than the 0.5% gain in the fourth quarter of last year, which was the first quarterly increase since the first half of 2022 as the country's real estate sector grappled with its worst crisis in decades.
Commerzbank delivers surprise profit jump as it fends off UniCredit

6 days ago | zawya.com | Tom Sims |Frank Siebelt

FRANKFURT - Commerzbank, fending off a possible takeover by Italy's UniCredit, said on Friday that net profit rose nearly 12% in the first quarter, beating expectations despite strong headwinds for the German economy. The earnings set the stage for an annual shareholder meeting next week when Commerzbank management will seek investor backing for a continued standalone strategy.
独コメルツ銀、第1四半期利益が予想上回る 15日の株主総会控え

6 days ago | jp.reuters.com | Tom Sims |Frank Siebelt

[フランクフルト９日ロイター] - イタリアの銀行ウニクレディト(CRDI.MI), opens new tabによる買収攻勢をかわし続けている独コメルツ銀行(CBKG.DE), opens new tabは９日、第１・四半期の純利益が前年同期比約１２％増の８億３４００万ユーロ（９億３６００万ドル）になったと発表した。自行によるコンセンサス予想の６億９８００万ユーロを上回った。金利・手数料収入が予想を上回る一方、貸倒引当金が予想を下回ったことが寄与した。コメルツ銀経営陣は１５日に行われる年次株主総会で、独立性を維持する戦略への支持を求める考えだ。同行のベッティーナ・オルロップ最高経営責任者（ＣＥＯ）は発表文で、今回の決算は「経済的に厳しい時期でも成長できる」ことを示していると述べた。A line chart with LSEG data shows share performance.
Commerzbank delivers surprise profit jump as it fends off UniCredit

6 days ago | marketscreener.com | Tom Sims |Frank Siebelt

FRANKFURT (Reuters) -Commerzbank, fending off a possible takeover by Italy's UniCredit, said on Friday that net profit rose nearly 12% in the first quarter, beating expectations despite strong headwinds for the German economy. The earnings set the stage for an annual shareholder meeting next week when Commerzbank management will seek investor backing for a continued standalone strategy.
Commerzbank delivers surprise profit jump as it fends off UniCredit

6 days ago | ca.marketscreener.com | Tom Sims |Frank Siebelt

FRANKFURT (Reuters) -Commerzbank, fending off a possible takeover by Italy's UniCredit, said on Friday that net profit rose nearly 12% in the first quarter, beating expectations despite strong headwinds for the German economy. The earnings set the stage for an annual shareholder meeting next week when Commerzbank management will seek investor backing for a continued standalone strategy.
Germany's Commerzbank first-quarter profit beats estimates as it fends off UniCredit bid

6 days ago | marketscreener.com | Tom Sims |Frank Siebelt

FRANKFURT (Reuters) -Commerzbank, fending off a possible takeover by Italy's UniCredit, said on Friday that net profit rose nearly 12% in the first quarter, beating expectations. The lender posted a net profit of 834 million euros ($936 million) in the quarter, beating a consensus forecast of 698 million euros in a poll published by Commerzbank. Net profit stood at 747 million euros in the prior-year period.
Deutsche Bank to seek more ambitious return on tangible equity

6 days ago | zawya.com | Tom Sims

FRANKFURT - Deutsche Bank Chief Executive Christian Sewing said on Thursday that the lender will seek a more ambitious target for a key profit metric in the years ahead. This year the bank is aiming for a 10% return on tangible equity. "To be a leading bank in Europe, we need to increase it to higher than 10%. I'm not giving you the number," he said at a conference in Switzerland.
ドイツ銀傘下ＤＷＳと日本生命、インド合弁設立に向け協議中＝関係筋

1 week ago | jp.reuters.com | Tom Sims |Jayshree Pyasi |Emma-Victoria Farr

ドイツ銀行の資産運用子会社ＤＷＳと日本生命は、インドで資産運用の合弁会社を設立する方向で交渉中であることが、４人の関係者の話で明らかになった。（２０２５年ロイター/Dado Ruvic/Illustration/File Photo） [フランクフルト／ムンバイ７日ロイター] - ドイツ銀行(DBKGn.DE), opens new tabの資産運用子会社ＤＷＳ(DWSG.DE), opens new tabと日本生命は、インドで資産運用の合弁会社を設立する方向で交渉中であることが、４人の関係者の話で明らかになった。交渉は初期段階にあり、規制上の問題から時間がかかる見込みという。ＤＷＳとドイツ銀はともにコメントを差し控えた。日本生命は協議の事実について確認を避けた。ＤＷＳは運用資産が１兆ユーロ（１兆１３００億ドル）を超える欧州最大級の資産運用会社。外資系金融会社は、世界で最も人口が多く、中産階級が増加しているインドに注目している。日本生命はＤＷＳの株式５％を保有する２番目に大きな株主で、販売や調査などの分野で提携している。...
Vonovia to swap out CEO as it recovers from German property slump

1 week ago | marketscreener.com | Matthias Inverardi |Tom Sims

DUESSELDORF (Reuters) - Vonovia, Germany's largest landlord, is unexpectedly swapping out its long-serving chief executive as it seeks to recover from an industry-wide real estate slump. The company said late on Tuesday that the technology executive Luka Mucic would succeed Rolf Buch as Vonovia's CEO by the end of 2025 in a "mutually agreed" contract termination.
Commerzbank Staff to Protest Possible UniCredit Takeover at Annual Meeting

1 week ago | money.usnews.com | Tom Sims

By Tom SimsFRANKFURT (Reuters) -Commerzbank employee representatives are calling on staff to protest against a possible takeover by the Italian bank UniCredit, signalling that resistance to any deal remains fierce. The event is scheduled two hours before the German lender's annual general meeting on May 15. "We want to make it clear once again how important Commerzbank's independence is and that we know how to defend it," said a letter from employee representatives announcing the protest.