Deutsche Bank is doing just fine, says its top investment banker

Frankfurt

THE chief of Deutsche Bank AG's embattled securities division says investors who have hammered the lender's shares to an all-time low have it wrong.

"The franchise has not been impaired," Garth Ritchie, a two-decade veteran at Deutsche Bank, said after the bank last week reported its worst third-quarter revenue in eight years. "I'm very confident that we'll remain Europe's number one investment bank for the foreseeable future."