Deutsche Bank CEO Praised for Fixing ‘Pretty Screwed-Up Bank’

Deutsche Bank AG Chief Executive Officer Christian Sewing won praise from one of Germany’s top industry executives for fixing a lender once seen as the embodiment of corporate decline and financial wrongdoing.

“Deutsche Bank has done a fascinating job to come back from a pretty screwed-up bank to a trustful long-term partner again,” Joe Kaeser, chairman of Siemens Energy AG, said at a virtual panel hosted by Bloomberg TV on Wednesday. “That’s been the leadership of Christian.”