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Deutsche Bank is expected to release its fourth quarter results on Friday. In the third quarter of 2018, the bank had posted a net profit of 229 million euros ($ 262.71 million), higher than the 149 million euros expected in a Reuters badyst poll . However, the performance for the third quarter of 2018 was 65% lower than that of the bank a year ago.
In recent years, the bank has been in the headlines for all the wrong reasons: settlement with the US Department of Justice, redesign of management, low income, ongoing restructuring, mergers speculation and sharp drop in share prices .
However, Christian Sewing, the current CEO of the bank, who took the helm in April 2018 after replacing John Cryan, a bank executive for nearly three years, strove to reverse the failed strategy. form the bank.
Speaking in the German weekly Die Zeit on the sidelines of the WEF, Sewing said he wanted to make Deutsche Bank a place to live up to its criteria.
"I want my job to be correct, I want to have good values and I want to have the pbadion of this bank as before, we have to bring back the pride to Deutsche Bank."
But since Sewing took over, he has faced challenges. Last week, another Bloomberg report, citing unnamed sources, said the US Federal Reserve was investigating the role of the German lender in the money laundering scandal at Danske Bank. Deutsche quickly refused any investigation, but said it had received several requests for information from regulators and authorities around the world. The bank reiterated that she still saw no evidence of wrongdoing on her part.
At the same time, the bank said it had received a request for information from two committees of the US House of Representatives about the lender's links with President Donald Trump.
Deutsche Bank shares have increased by almost 13% since the beginning of this year. However, equities fell by almost 50% over 12 months.
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