Deutsche Bank reported a heavy net loss for the second quarter of 2019 of €3.1 billion, after taking €3.4 billion of charges for the transformation it announced on July 7, which will see it exit secondary equities and scale back in rates.
Christian Sewing, chief executive officer, says: “We have already taken significant steps to implement our strategy to transform Deutsche Bank. These are reflected in our results. A substantial part of our restructuring costs is already digested in the second quarter.
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