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.
German banking giant Deutsche Bank's US operations failed the Fed's second round of stress tests, the qualitative test. Of the big banks tested, 32 out of the 35 passed the test.
Imagine Deutsche Bank as a boxer: a once heavy hitting champ, Germany's largest lender is now on the ropes, bleeding. It's been a long way down for the bank. Andreas Becker examines what's behind the fall.
Germany's biggest private lender has announced it's laying off more employees than originally planned as it looks to retreat from equities markets across the world in a sweeping overhaul launched by its new CEO.
The biggest US banks, including Deutsche Bank's US subsidiary, are equipped to survive a recession, the Fed says. Yet there are warning signs, including for Deutsche, whose credit rating took another hit on Thursday.
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