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Business

Bumpy Road ahead for Deutsche Bank

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Opening sequence

Business

Bumpy Road ahead for Deutsche Bank

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COMING UP:Bumpy Road ahead for Deutsche Bank

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Transcript

00:00:01
>> It towers above Frankfort and for many, a collapse is unthinkable. Deutsche Bank's results have helped allay those fears to some extent. Germany's biggest lender made an unexpected, but relatively small profit of 278 million euros. It was thanks to a 14% rebound in bond trading, but there's still no sign of a settlement with US justice authorities.
00:00:22
CEO John Cryan has vowed to redouble restructuring efforts. He also wrote to staff warning the situation will stay difficult for a while. The UK banking sector has a few worries, too. But Barclay's, which in recent years has had to fork out billions in fines for regulation breaches, has reported a forecast-beating bounce, profits for 1.7 billion pounds.
00:00:44
Like its US rivals, it benefited from a bumper third quarter, in investment banking. It's an early endorsement for CEO Jes Staley's restructuring plan, brought in after Barclay's was punished for the liable scandal, among others. It is still got Brexit issues to face. But maybe Deutsche's chief can take comfort from the fact that some banks hit by regulators can pull through.