Deutsche Bank CEO Sewing Says Trading Revenue Is `Encouraging'

The transcript discusses the progress and transformation of an investment bank over the past five months. It highlights the bank's satisfaction with its progress, particularly in terms of costs and capital, and notes that revenues are ahead of expectations. The bank has taken swift management actions to focus on key strengths, resulting in positive momentum. The importance of corporate clarity and client engagement is emphasized, with a significant portion of revenues coming from top market businesses. The transcript concludes with a focus on internal progress and external confidence from clients and regulators.

What was one of the key factors that provided comfort to the investment bank regarding its capital requirements?

• Improved internal processes

• Higher client engagement

• ECB's decision to lower capital requirements

• Increased sales and trading

During which months did the investment bank's revenues exceed expectations?

• August and September

• September and October

• October and November

• November and December

What management action was taken to improve the investment bank's performance?

• Reducing workforce

• Increasing marketing budget

• Expanding into new markets

• Focusing on key strengths

What percentage of the investment bank's revenues come from top five market businesses?

• 75%

• 60%

• 50%

• 70%

What has contributed to the improved momentum in the investment bank?

• Increased marketing efforts

• Vote of confidence from clients and regulators

• Hiring more staff

• Expanding product offerings