Deutsche Bank reports 1Q loss as WM arm sees 18% rise in revenues

Deutsche Bank reports 1Q loss as WM arm sees 18% rise in revenues

Deutsche Bank reported a 1Q net loss of €43m this morning while growing revenues in its wealth management business and massively ramping up credit provisions grew from low levels in 2019, reflecting the deteriorating macro-economic environment as the covid-19 outbreak takes it toll. The German multi-national, which is mid-way through a global restructuring, is the latest European bank to report its 1Q earnings, following regional rivals Credit Suisse and HSBC. Overall the bank's perform...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.