Deutsche Bank shares fall on profit warning rumours

Shares in the biggest German bank, Deutsche Bank, plunged on Tuesday amid rumours the bank could issue a second quarter profit warning.

In early afternoon trading, Deutsche Bank shares showed a loss of 5.32 percent at €51.93, while the Dax index of leading shares was down by 1.98 percent overall.

The bank refused to comment on rumours that second quarter results to be released at the end of the month would come in below expectations. Deutsche Bank had already declined to give a full-year outlook after posting a first quarter loss of €131 million ($206 million), its first in five years.

The bank took write-downs of €2.7 billion, after initially appearing to have escaped the worst of a financial crisis that followed the collapse of the US market for high risk, or subprime, mortgages in mid-2007.


Emergency numbers fail in several German states

Callers to the emergency numbers 110 and 112 weren’t able to reach operators Thursday morning in several German states.

The 112 emergency number on an ambulance.
The 112 emergency number on an ambulance. Photo: picture alliance/dpa | Boris Roessler

The emergency number 110 for police and 112 for fire crews failed around the country early Thursday morning, with callers unable to reach emergency operators for urgent assistance between about 4:30 am and 5:40 am local time.

The Office for Civil Protection and Disaster Aid is looking into these outages, which were reported in states including Lower Saxony, Baden-Württemberg, and  Brandenburg, and in major cities like Berlin, Cologne, Hamburg, and Frankfurt. Cologne was further affected by cuts to electricity, drinking water, and regular telephone services. Lower Saxony also saw disruptions to the internal phone networks of police and hospitals.

Emergency services are not reporting any more disturbances and people should be able to once again reach 110 and 112 around the country as normal.

Investigators are looking into the problem, but haven’t yet established a cause or any consequences that may have happened due to the outage. Provider Deutsche Telekom says they have ruled out the possibility of an attack by hackers.