Deutsche Bank remains firmly in the red, posting a loss of 1.4 billion euros last year. Its financial woes are a result of past scandals.
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.
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.
The situation must be really bad for a firm that tries to sell a gigantic loss as a success story, as Deutsche Bank has done. After a year of transition, it's time for CEO John Cryan to deliver, says DW's Henrik Böhme.
Shares in Germany's biggest lender have fallen 6 percent, after it confirmed plans to raise new capital with a new multi-billion-euro share issue. The bank seeks to reinvent itself following major financial setbacks.
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