Deutsche Bank Chief Executive John Cryan reported red figures. It's a record billion loss - the biggest in the history of the German bank. And there are many open questions as a closer look at the state of the bank reveals.
Hudson Executive has built a 3.1-percent stake in Germany's biggest lender to become one of its major shareholders. The New York-based fund said it believed in CEO Christian Sewing to turn around the ailing business.
Germany's largest lender has reported a hefty drop in net profit for the third quarter amid a continued restructuring drive. Deutsche said it was aiming to return to profitability this year for the first time since 2014.
Germany's struggling lender Deutsche Bank says it's making quicker progress in cutting costs and reshaping its business model. The bank's second-quarter profit also beat analyst estimates.
Germany's biggest lender has reported a slump in profits in the first quarter, with new CEO Christian Sewing announcing deep cuts at its flagship corporate and investment banking division, aimed at tackling its woes.
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