Deutsche Bank beats on profit, warns on capital buffers

BERLIN (Reuters) - Deutsche Bank beat first quarter earnings expectations but warned it might miss its capital requirement target this year as it prepares for a spike in defaults and extends more credit in response to the COVID-19 pandemic.In an unscheduled statement late on Sunday, Deutsche Bank said it expected to report quarterly net income of 66 million euros ($71.42 million) on revenues of 6.4 billion euros. Provisions for credit losses hit 500 million euros, more than three times higher..