Investment banking surge helps break Deutsche Bank’s losing streak
Germany's biggest bank posts its first profit since 2014, surprising those who expected a loss
04 February 2021 - 15:40
Frankfurt — Deutsche Bank eked out a small profit in 2020, an important milestone for CEO Christian Sewing after five years of losses, as an investment banking earnings surge offset a weaker showing in its other businesses.
Over the past 10 years Deutsche has lost altogether €8.2bn ($9.8bn) and analysts were predicting another loss in 2020 at Germany’s biggest bank...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.