Deutsche Bank’s overhaul is sorely needed, as poor results show again
Revenue from buying and selling securities fell 12% in the second quarter, again underperforming its biggest US rivals
24 July 2019 - 11:32
Frankfurt— For anyone still unsure whether Deutsche Bank really needs radical change, the latest trading results should put their doubts to rest.
Revenue from buying and selling securities fell 12% in the second quarter, once again underperforming its biggest US rivals, as the equities trading business that the bank is now exiting slumped by almost a third. The bank posted a bigger net loss than it previously indicated as it booked more restructuring charges in the quarter...
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