Deutsche Bank’s Trading Slumps 30% as Cryan’s Revamp Sputters
- Net income more than doubles as bank lowers costs, headcount
- CEO Cryan faces investor pressure to restore top-line growth
Deutsche Bank CFO Says Noise to Come Next Year
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Deutsche Bank AG Chief Executive Officer John Cryan is getting no closer to delivering the growth investors are craving.
The Frankfurt-based lender on Thursday reported a 30 percent slump in third-quarter trading revenue, twice as much as the decline at its U.S. peers. The drop drove a third straight quarter of revenue contraction at Europe’s largest investment bank and overshadowed a surge in net income.