Bloomberg - Sustained trading slump increases pressure on top firm CEO

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Under pressure.

Bloomberg News reports that Deutsche Bank’s sustained trading slump is increasing pressure on Chief Executive Officer John Cryan to prove he can win back investment-banking market share.

Revenue at the securities unit slumped about 22 percent in the final quarter because of persistent low volatility in markets and muted client activity, the bank said in a statement on Friday. Analysts had expected trading revenue to rebound from a year earlier, when fears about the bank’s financial strength had caused a slump in market share at the unit.

Cryan is getting no closer to delivering the expansion that investors are demanding after unveiling the bank’s third strategy revamp in as many years in March and pledging to return to “controlled growth.” The executive is losing the support of some large shareholders, people with knowledge of the matter said in October, ahead of a dismal third quarter in which the trading business under-performed U.S. peers.

Hit the link below to access the complete Bloomberg News article:

Deutsche Bank Trading Slump Ratchets Up Pressure on CEO Cryan

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