Deutsche Bank 'unreservedly' committed to global markets business

Deutsche Bank - Foyer Undersphere

Deutsche Bank, which runs Europe’s biggest investment bank, remains 'unreservedly' committed to its securities-trading business even as it trims its focus to about a third of customers at the unit, said co-CEO John Cryan.

Bloomberg News reports that Cryan said in a copy of a speech prepared for the bank’s annual shareholder meeting in Frankfurt on Thursday - referring to the global markets business led by Garth Ritchie: 'It represents an indispensable element of our strategy. The only way we have of providing our corporate clients with capital market expertise and global access'.

In the meantime, Reuters reports that the bank expects further big legal costs this year to deal with a raft of scandals that have hurt profits and dogged its reputation but is coming closer to ending its litigation nightmare Cryan said on Thursday.

Deutsche Bank Unreservedly Committed to Markets Unit, Cryan Says

Deutsche Bank sees further big legal costs in 2016


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