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...
EU second quarter net income has tumbled 98% from €818m ($908m) a year earlier to €20m. Deutsche Bank executives have cited Deutsche Bank's 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.