A lagging economy, messy politics and negative interest rates have combined to brutalize European lenders, few more prominently than Deutsche Bank AG. The German bank reported steep second-quarter falls in its investment-banking and securities-trading businesses, a potent sign of the bank’s acute struggles and of the deep malaise that has settled over Europe’s financial institutions. Its...
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.