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Deutsche Bank’s Long List of Rising Cost Threatens Key Goal

  • CEO Sewing had vowed to keep a lid on costs when he took over
  • But inflation, the Ukraine war, litigation push up expenses
Bloomberg business news
WATCH: Deutsche Bank AG CFO James von Moltke warned the bank will miss a cost target for the year.Source: Bloomberg
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When Christian Sewing took over at Deutsche Bank AG four years ago, he vowed to keep a tight lid on expenses to turn around a lender reeling from years of shrinking revenue. 

As the chief executive approaches the end of his restructuring, his traders keep gaining market share and revenue is surging even in businesses that struggled for years. But expenses, the one thing under his control in 2018, are threatening to derail his main financial target, an 8% return on tangible equity.