Deutsche Bank Chief Executive John Cryan reported red figures. It's a record billion loss - the biggest in the history of the German bank. And there are many open questions as a closer look at the state of the bank reveals.
The US investment group has taken a 3 percent stake in Germany's biggest lender, making Cerberus the fourth largest shareholder and fueling speculation about a merger between Germany's biggest private banks.
CEO John Cryan has signalled that Germany's biggest lender will need to cut more of its 97,000-strong workforce. He sees artificial intelligence replacing many of the bank's back office roles.
The German lender has beaten analysts' expectations for third-quarter profit and has settled another case of its financial crisis wrongdoings. But meagre revenues show the bank is far from being out of the woods.
German lender Deutsche Bank has presented its second-quarter earnings report, pointing to surging net and underlying profits. But Chief Executive John Cryan is unhappy about a drop in revenues across all divisions.
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