Deutsche Bank’s Long Trading Slump Deepened in Run-Up to Revamp
- Finance chief says worsening rate outlook could hit revenue
- Bank posts bigger loss as it books more restructuring charges
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Just a few weeks into Deutsche Bank AG’s biggest restructuring yet, the complications are already starting.
Germany’s largest lender on Wednesday posted the worst second-quarter trading result of the big Wall Street banks. The bottom line was below expectations after a 3.4 billion-euro ($3.8 billion) restructuring charge. In an interview with Bloomberg Television, finance chief James von Moltke signaled that some turnaround targets may be harder to reach should central banks start to lower interest rates again.