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Deutsche Bank promises faster revamp as it braces for US fine
Quarterly profit still fails to dispel the uncertainty that led clients to withdraw billions of euros
Add BT as a preferred sourcePublished Thu, Oct 27, 2016 · 09:50 PM
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Frankfurt
DEUTSCHE Bank (DB) chief John Cryan pledged on Thursday to redouble restructuring efforts, warning that the bank faces tough times as it seeks to finalise talks with US justice authorities over a multi-billion dollar fine.
Germany's biggest lender posted an unexpected quarterly profit, benefiting from a subdued rebound in bond trading, but which failed to dispel the cloud of uncertainty that drove clients to withdraw billions of euros.
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