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
Discover stories from this section and more in the list of contents
Explore the edition
Trump’s tariff turbulence is worse than anyone imagined
Even his concessions are less generous than expected
Why silver is the new gold
Safe-haven demand and solar panels have sent its price soaring
Trump’s new tariffs are his most extreme ever
America targets its three biggest trading partners: Canada, Mexico and China
El Salvador’s wild crypto experiment ends in failure
Its curtailment is the price of an IMF bail-out. And one worth paying
America is at risk of a Trumpian economic slowdown
Protectionist threats and erratic policies are combining to hurt growth
India has undermined a popular myth about development
Extreme poverty in the country has dropped to negligible levels