Deutsche Bank Doesn't Expect a Profit This Year

The transcript discusses the challenges faced by European banks, particularly Deutsche Bank, in 2016. It highlights the tough start to the year, profitability issues, and market reactions. Deutsche Bank's CEO addresses concerns about profitability and legal issues, while market experts discuss the impact on trading and default risk. The discussion also touches on the potential relief from market interventions and the future outlook for Deutsche Bank.

What major challenges did European banks face at the start of the year?

• Idiosyncratic events affecting profitability

• Increased competition from American banks

• A surge in customer deposits

• A rise in interest rates

What did the CEO of Deutsche Bank admit about the bank's profitability for the year?

• The bank will be highly profitable

• The bank will likely not be profitable

• The bank will break even

• The bank will double its profits

What impact did Mario Draghi's actions have on the European banking sector?

• They led to a banking crisis

• They provided some relief

• They had no impact

• They worsened the situation

What was a major concern for investors regarding Deutsche Bank?

• The bank's expansion into Asia

• The bank's investment in technology

• The default risk and Coco bonds

• The bank's new marketing strategy

What was the CEO of Deutsche Bank pushing for in terms of litigation issues?

• To increase litigation

• To ignore them

• To settle them quickly

• To delay settlements