Deutsche Bank reports solid progress on transformation strategy and reaffirms financial targets
(WorldNews Germany)

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported progress on its transformation strategy, in line with or ahead of its objectives. The bank reaffirmed its 2019, 2020 and 2022 cost targets. Adjusted costs before transformation-related charges and the impact of the Global Prime Finance transfer to BNP Paribas are expected to be 21.5 billion euros in the full year 2019, with a target of 19.5 billion euros in 2020 and of 17 billion euros in 2022, a reduction of nearly 6 billion euros relative to 2018. In addition, Deutsche Bank reaffirmed its commitment to delivering on its transformation strategy within existing capital...