Deutsche Bank on Wednesday beat expectation in its return to profit in the three months to September, after snapping its 15-quarter profit streak in the second…
Deutsche Bank on Wednesday beat expectation in its return to profit in the three months to September, after snapping its 15-quarter profit streak in the second quarter.
"Looking back, while the industry has reduced costs and kept credit quality high, the improvement in returns since 2021 appears to be largely owed to rising interest rates," analysts at McKinsey warned in the consulting firm's Global Banking Annual Review 2024, flagging that, in order to maintain current ROTE margins, banks would need to trim costs approximately 2.5 times as fast as revenues fall.
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