Deutsche Bank says on track to meet investment bank targets

Deutsche Bank - Foyer Bridge

Deutsche Bank is on track to meet its 2015 targets in investment banking, it said on Thursday after restating its 2013 results to include around $487m of settlement costs and around $69m to cover impaired assets.

Reuters reports that the bank has deemed 2014 a make or break year as it cuts costs, slashes its balance sheet and works through a long list of scandals to boost shareholder returns.

Last week it flagged a slow start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.

The bank paid out 38% more to its management board in 2013, with co-chief executive Anshu Jain's total compensation, including pension, jumping by over half to $12.4m.

To access the complete Reuters article hit the link below:

Deutsche Bank on track for FY targets, hikes bosses pay 

Lloyds sees substantial demand for bond buyback

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts