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2018-10-25 — telegraph.co.uk
The German lender, which is trying to recover from three consecutive years of losses, posted a net profit of €229m (£200m) for the quarter. That beat analyst expectations but is down significantly on the €649m posted a year ago.
Octavio Marenzi, who runs consultancy Opimas, said it was difficult to see anything positive in the results and argued it made the bank's job cuts look "homeopathic at a time when more radical surgery is needed".
The bank has been trying to revive its fortunes in recent years but has struggled to keep up with peers amid high...
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