Germany's biggest lender has posted its first annual profit since 2014. But Deutsche Bank is still battling a series of scandals and rumours of a merger.
Chief executive Christian Sewing has promised to speed up the embattled bank's "transformation," as he faces disgruntled shareholders and activists in Frankfurt.
Germany's two largest lenders have called off any further discussions about a merger. Berlin had promoted the idea of creating a banking "champion" capable of supporting Germany's export-orientated economy.
The national banking champion the German finance minister had been eager to get is not coming. DW's Henrik Böhme believes both Deutsche Bank and Commerzbank should brace for even more turbulent times.
The top 12 Deutsche Bank managers pocketed €55.7 million for 2018, mainly due to more bonus payments. Unions are already angry at likely job cuts if a merger with Commerzbank goes ahead.
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