Deutsche Bank has suffered a record quarterly loss. John Cryan announced what tough measures would be taken and how he plans to revitalize Germany's largest bank.
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.
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.
At its annual shareholder meeting, Germany's scandal-hit Deutsche Bank has said it's seeking to make former top managers pay for past mistakes. Investors want a bigger say in future capital increases.
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.
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