Deutsche Bank: earnings fall sharply

(CercleFinance.com) - Deutsche Bank has publishes Q1 2018 net income of 120 million euros, against 575 million euros a year ago, as well as a taxable profit that has been halved to 432 million euros.


Down 5% at 7 billion euros, net banking income primarily suffered from FX factors, and particularly the euro's appreciation against the dollar, and lower corporate and investment banking revenues (CIB).

In addition, Deutsche Bank announced its intention to refocus its CIB division on its European clients and businesses where it enjoys strong positions, as well as to take additional measures to cut costs over both the short and medium term.


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