Deutsche Bank May Be Cut by S&P on New CEO’s Strategy

Benefits of restructuring may not be seen until 2020: S&P
Promotion of Sewing may also be ‘springboard’ for progress

Tree blossom stands in front of the twin tower skyscraper headquarters of Deutsche Bank AG in Frankfurt, Germany, on Monday, April 9, 2018. Deutsche Bank AG's new Chief Executive Officer Christian Sewing said the lender needs to be faster at making decisions and clear out unnecessary bureaucracy as he set out his first goals as head of Germany’s largest lender.Photographer: Alex Kraus/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Steven Arons

April 12, 2018 at 6:54 PM UTC

Updated on

April 13, 2018 at 7:47 AM UTC

This article is for subscribers only.

Deutsche Bank AG may be downgraded by S&P Global Ratings, which said the German bank’s leadership change may signal a “prolonged, deepened or more costly restructuring” that could weigh on the bank’s credit rating.

The lender’s A- long-term rating is under review, S&P said in a statement late Thursday, while affirming its BBB- rating on the bank’s senior subordinated debt.