Judging by how well Deutsche Bank executives think the bank is already progressing with its cost cutting and efficiency drive, it is almost as though it was on the right track under the previous management. But that can’t be right. Indeed, newish chief executive Christian Sewing took care on Wednesday to point out to analysts that the bank’s latest results are what people can expect under “this management team”.
Sewing, reporting his first quarter at the helm after former chief executive John Cryan left in early April, was all discipline and delivery.
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