FIRST AIRED: March 20, 2017

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Transcript

00:00:01
>> Strong bond trading since the start of the year has given Deutsche Bank new hope. But the annual report's positive outlook for 2017 wasn't enough to prevent shares falling yet again. The roughly 5% fall virtually wiped out gains made this year. Worries about another cash call, the fourth since 2010, was the main negative.
00:00:20
On Tuesday, the German lender will issue 687 million new shares at 11.65 each, in the hope of raising 8 billion Euros. The bank did bring down compensation levels in 2016, halving to 316 the number of staff earning more than a million euros. But employee numbers have only fallen slightly from 2010.
00:00:42
And 2016, was a year of heavy losses, and multi-billion dollar legal penalties. Chief Executive John Cryan, says the future is looking brighter thanks, to an economic recovery in Europe, and higher interest rates in the States. But Deutsche Bank has consistently lagged rivals, long suffering shareholders are running out of patience.