The Investment Bank Shines at Deutsche Bank, but We Remain Skeptical

Deutsche Bank has structurally turned the tide on its profitbility outlook after multiple failed restructuring attempts. In its latest and successful effort, the bank has shed its global equities sales and trading business, downscaled its fixed income trading business, and materially reduced its workforce. The bank now focuses on its core basics, providing services to its customers globally within its corporate banking, private banking, investment banking, and asset management segments.