Can Deutsche Bank Deliver on its Turnaround Plan?
Case Code: BSTR660 Case Length: 23 Pages Period: 2008-2021 Pub Date: 2023 Teaching Note: Available |
Price: Rs.400 Organization : Deutsche Bank AG Industry : Banking Countries : Global Themes: Turnaround Strategy, Restructuring, Banks and BankingLeadership and Change Management |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
In fiscal 2020, global banking major Deutsche Bank AG (Deutsche Bank) posted its first net annual profit (€624 million) in six years, even as it navigated a companywide restructuring and looked to emerge from the COVID-19 crisis. This marked a sharp improvement in its performance as it had incurred a loss of €5.7 billion in 2019. Net revenues were €9.3 billion in 2020, an increase of 32% over the previous year. Cheering the results, Deutsche Bank CEO Christian Sewing (Sewing)..
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