Deutsche Bank posted a record net loss of 6 billion Euros in the third quarter amid a harsh restructuring process. Deutsche Bank's new CEO John Cryan revealed his plans to make Germany's largest bank profitable again.
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.
The head of Germany's biggest private lender wants the European Central Bank's (ECB's) cheap money stimulus to end, warning that he sees price bubbles in stocks, bonds and property.
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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