Has Deutsche Bank turned the corner?
Investors seem to think the bank has stabilised at last
WHEN IN APRIL 2018 Christian Sewing took over as chief executive of Deutsche Bank few thought he would last very long. The bank, one of Europe’s biggest by assets, had been through four chief executives in six years, and its very survival was at stake. It was unable to make enough profits to generate anything resembling a decent return for investors, and seemed to be frequently ensnared in costly litigation. There was talk of the bank being taken over, and even wound down.
This article appeared in the Finance & economics section of the print edition under the headline “Rescue mission”
Finance & economics January 29th 2022
From the January 29th 2022 edition
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