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Scandal-hit Deutsche charts more moderate course

German bank chastened; aims to reclaim position on global stage alongside major American competitors

Mon, Oct 09, 2017 - 5:50 AM

The bank wants to raise profitabililty but warns that profits will never again reach the risk-fuelled heights of the pre-financial crisis era.

PHOTO: REUTERS

Frankfurt

AS IT emerges from years dogged by scandal, Germany's biggest lender Deutsche Bank aims to up profitability and reclaim a place on the global stage to rival giant American competitors.

But the bank warns profits will never again reach the risk-fuelled heights of the pre-...

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