Can Deutsche Bank Deliver on its Turnaround Plan?
| Case Code: BSTR660
Case Length: 23 Pages
Pub Date: 2023
Teaching Note: Available
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
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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