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Deutsche Bank makes biggest annual profit in a decade on strong performance

Thursday's figures are a milestone for Chief Executive Officer Christian Sewing, who was promoted to the top job in 2018 to turn Deutsche around

Deutsche Bank Photo: Reuters
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Deutsche Bank made its biggest profit since 2011 last year, after it defied expectations for a loss in the fourth quarter following revenue gains at its investment bank during a dealmaking boom.
 
The result was the second straight annual profit following years of losses. The fourth quarter was the sixth consecutive in the black, the bank's longest such streak since 2012.
 
Thursday's figures are a milestone for Chief Executive Officer Christian Sewing, who was promoted to the top job in 2018 to turn Deutsche around after a series of embarrassing and costly regulatory failings, including over money laundering.
 
"This year

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 27 2022 | 1:29 PM IST

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