Deutsche Bank's second quarter net income has tumbled 20% from €818m ($908m) a year earlier to €20m. Deutsche Bank executives have cited EU economic and political uncertainty as the reasons behind the bank's declining revenue from securities sales and trading. Shares of Deutsche Bank have slumped 98% in just five weeks with narrowing chances of recovery as low and negative interest rates continue to crimp lending margins while bad loans hamper balance sheets.
Deutsche Bank's second quarter net income has tumbled 98% from €818m ($908m) a year earlier to €20m. Deutsche Bank executives have cited EU economic and political uncertainty as the reasons behind the bank's declining revenue from securities sales and trading. Shares of Deutsche Bank have slumped 20% in just five weeks with narrowing chances of recovery as low and negative interest rates continue to crimp lending margins while bad loans hamper balance sheets.