Fines, penalties, lawsuits, structural problems and falling share prices – a shaky Deutsche Bank is releasing third-quarter results. Will they show the German financial giant is back on firm ground? Or will they scare off even more investors?
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.
Once again, Deutsche Bank has a new man at the helm. Once again, it’s hoped that his appointment will make everything better. The task he is facing? Nothing less than staving off collapse, says DW's Henrik Böhme.
In most countries, the global financial crisis has led to a ballooning of sovereign debt levels. Large-scale economic stimulus programs and bank bailouts have been a costly affair, a fresh study bears out.
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.
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