Deutsche Bank has released its worst set of quarterly results since 2008. Management blamed restructuring measures for the losses of 2.2 billion euros, although litigation costs were also a drain on annual profits.
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 Paradise Papers have once again highlighted how the world's wealthy elite skirt paying taxes, whether legally or illegally. DW takes a look at some of the the biggest tax-related data leaks in recent history.
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 single currency has snapped a two-day rising streak and edged lower after German Chancellor Angela Merkel won a fourth term but faces tough coalition choices, with markets sensing an increasing risk for Europe.
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