Several former top executives at Deutsche Bank were clearing their desks this Monday. New co-CEO John Cryan is peeling back several layers of corporate structure. Analysts say this is going to be the toughest restructuring in the lender's history.
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.
Deutsche Bank has surprised investors with a hefty surge in earnings in the first quarter. Germany's largest lender noted the result came amid deep restructuring after a series of scandals that had hit its reputation.
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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