Deutsche Bank Could Consider M&A Early as Next Year: CEO

The transcript discusses the slow progress in cross-border mergers, highlighting the impact of COVID-19 in accelerating domestic deals within the banking industry. It addresses the regulatory challenges that hinder cross-border mergers, despite EU leaders' encouragement. The focus then shifts to Deutsche Bank's transformation plan, emphasizing its priority over acquisitions and outlining the timeline and progress of the transformation process.

What has been the primary focus of mergers in recent times according to the transcript?

• Mergers in the Asian market

• Technological mergers

• Domestic deals

• Cross-border mergers

What is a significant barrier to cross-border mergers as mentioned in the transcript?

• Cultural differences between countries

• Regulatory headwinds and restrictions

• Lack of interest from banks

• Insufficient technological infrastructure

What is the current status of the banking union according to the transcript?

• Abandoned

• Completed

• Still progressing

• Fully operational

What is Deutsche Bank's main focus during its transformation period?

• Acquiring smaller banks

• Increasing retail banking operations

• Finalizing the transformation

• Expanding into new markets

By when does Deutsche Bank aim to achieve its key financial targets?

• End of 2021

• End of 2020

• End of 2022

• End of 2023