Deutsche Bank shares still sliding on doubts about turnaround
Analysts say CEO is right to slash trading desks but question if he can make the plan work amid low interest rates and inroads by US banks
09 July 2019 - 17:09
London/Frankfurt — Deutsche Bank shares extended losses on Tuesday on investor doubts that the new CEO can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Germany.
Christian Sewing, CEO for just more than a year, and his finance chief are on a week-long roadshow to explain the restructuring...
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.