German bankers gathered in Berlin on Wednesday for a trade association meeting. They were visited by president Joachim Gauck - who challenged the banking industry to change its culture.
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.
Donald Trump owes hundreds of millions to Deutsche Bank in connection with past real estate deals. Some politicians who are not fans of the president are blowing smoke hoping people will think there's a fire.
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