Reuters reported exclusively that Deutsche Bank AG’s turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Reuters sources said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year. The opportunity cost of holding the assets underscores the challenges facing Chief Executive Christian Sewing as he attempts to turn around the bank and restore confidence among investors who have seen the value of their shares decline by 75% in the past four years.
Reuters exclusively reports Deutsche Bank’s problem derivatives cloud recovery
23 July 2019, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa
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