Deutsche Bank CEO Christian Sewing on Thursday refused to rule out job cuts as the bank strives to lower costs, in a sign of the uncertainty facing the global financial industry as economic growth slows.
The results marked the end of a 9 billion euro , four-year turnaround plan put in place by one of the world's most systemically important banks after years of losses.has given lenders an additional lift, which Deutsche said would continue to boost revenue in 2023.
It was a 10th consecutive quarter of profit, the bank's longest streak in the black in at least a decade, though returns were dampened by an industry slump in dealmaking. Still, analysts said the bank was vulnerable to economic headwinds, war on the continent and regulatory issues that have plagued it over the years."Certainly, the geopolitical and economic situation is complex," he said.
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