AGP Executive Report
Last update: 10 hours agoECB Shake-up: Christine Lagarde will leave the European Central Bank on February 7, nearly nine months before her term ends, triggering a succession race. The ECB held rates at 2.5%, but flagged inflation risks and left a December hike on the table. Banking: Deutsche Bank reported record third-quarter profit, with strong wealth inflows lifting shares despite weaker investment-banking revenue. Corporate Finance: Volkswagen posted a €5.8 billion quarterly loss, its worst since the Dieselgate crisis, as a Porsche writedown and falling sales in China sharpen pressure to cut costs. Infrastructure Investment: The European Investment Bank and DZ Bank will unlock up to €1.2 billion for local energy, heating and water networks.
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