Deutsche’s Jain sticks up for universal banking but speaks of ‘imperative’ change as profits fall

02 Aug 2012

Anshu Jain, the co-CEO of Deutsche Bank, this week outlined a strategy for the bank based on changing its culture, tackling costs and focusing on capital.

Jain was presenting a progress report 60 days after taking his job alongside co-CEO Juergen Fitschen on June 1. The update came as the bank reported second quarter results showing a 46% fall in group pre-tax profits compared to the same period in 2011, with profits at the ...

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