Is Deutsche Bank drinking in the last chance saloon?

As it presses ahead with restructuring, Deutsche will exit cash equities, cut back in rates and centre itself on a traditional corporate banking business. CEO Christian Sewing calls it the most radical transformation the bank has undertaken in decades.

This article appeared in the August 2019 print edition of Euromoney and incorporates two earlier articles: “Sewing’s savings: how Deutsche Bank will try to turn itself around” on July 8, and “Deutsche Bank reports big loss from accelerating restructuring charges” on July 24

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 first announced on July 7, which will see it exit secondary equities and scale back in rates.

Is Deutsche Bank drinking in the last chance saloon?

Thanks for your interest in Euromoney!
To unlock this article:

Regulators should be upfront with taxpayers – and admit all deposits are guaranteed

The Danish Compromise tests Europe’s appetite for regulatory easing

What can US bankers really expect from Trump’s deregulation impetus?

Prem Natarajan on Capital One’s AI stairway to heaven

Is Deutsche Bank drinking in the last chance saloon?

Thanks for your interest in Euromoney!To unlock this article:

Regulators should be upfront with taxpayers – and admit all deposits are guaranteed

The Danish Compromise tests Europe’s appetite for regulatory easing

What can US bankers really expect from Trump’s deregulation impetus?

Prem Natarajan on Capital One’s AI stairway to heaven

Thanks for your interest in Euromoney!
To unlock this article: