Deutsche Bank shares tumble amid scepticism over restructuring – The National
Deutsche Bank shares declined for a second day after analysts and investors expressed scepticism about the lenders ability to reach profit targets and implement a huge restructuring plan.
The troubled German lender was down 5.5 per cent at 6.41 as in Frankfurt trading as of 10.55am, bringing the drop since Monday to more than 10 per cent since the bank announced its overhaul the biggest two-day decline since March 2017. Deutsche Banks riskiest bonds also fell.
The initial euphoria surrounding chief executive Christian Sewings sweeping revamp has quickly given way to doubts over whether the German lender can reach its profit goals in a competitive home market. The bank has co…