Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

News

How Deutsche Bank drifted into its whirlpool of woes

Turbulence ahead?
1/1

Turbulence ahead?

At this point, Deutsche Bank AG’s biggest problem may be how many problems it has, how long they’ve gone on and how they’ve fueled one another. Years of low profits have spawned a long series of failed turnaround plans and a steady departure of senior executives. Another proposed fix -- taking over rival Commerzbank AG -- fell apart in late April when Chief Executive Officer Christian Sewing decided that the deal would do more harm then good. As Germany’s biggest lender works to dramatically shrink and reshape its operations around the globe, here’s a look at how this once-dominant firm landed in its current mess.

Source: Bloomberg

Getty Images
X
User

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service