Deutsche Bank Grapples With Rising Challenges

DeutscheBank

Financial Times | Companies & Markets | Uncertain | Relevant: brexit


Summary:

The Deutsche’s share price that has been consistent in the top three global investment banks just went down. It has been in a difficult position for 10 days and its shares had hit an all-time low yesterday. In order to address its weak point, chief John Cryan said that the bank is going to sell off its Postbank retail banking business, offload assets, make 3.5bn in cost savings, and exit 10 countries to be able to return a tangible equity of at least 10 per cent and CET1 ratio of at least 12.5 per cent by 2018.


 

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