Deutsche Bank Scraps Cost Target as Inflation Builds

The transcript covers a discussion on Bloomberg TV about Deutsche Bank's financial performance, focusing on Fick revenue, market challenges, and guidance on targets. It addresses concerns about a potential recession in Germany and the impact on compensation and investor payouts. The conversation also touches on regulatory probes and increased litigation costs. Overall, the bank is navigating a challenging market environment while maintaining strategic investments.

What was the year-on-year increase in Fick revenue mentioned in the interview?

• 32%

• 20%

• 15%

• 25%

Which products were highlighted as having strong performance in the Fick revenue section?

• FX and rates

• Commodities and equities

• Cryptocurrencies and stocks

• Real estate and bonds

What significant change has the company undergone over the past three years?

• Complete overhaul of leadership

• Increased focus on retail banking

• Shift to a new headquarters

• Nearly unrecognizable transformation

How is the company managing its costs according to the interview?

• By controlling costs carefully and investing where needed

• By reducing staff

• By cutting all investments

• By increasing bonuses

What is the company's stance on potential recession in Germany?

• They expect a significant economic boom

• They plan to withdraw from the German market

• They are not concerned at all

• They are preparing for a modest recession

What has the company done in response to ongoing investigations?

• Denied any involvement

• Settled all cases immediately

• Increased provisions for potential litigation costs

• Ignored the investigations

What is the company's approach to investor payouts despite economic challenges?

• They will increase payouts regardless of the situation

• They have a clear path and intend to maintain payouts

• They plan to reduce payouts significantly

• They have not made any plans regarding payouts