Wheeler: Deutsche Bank Fixed Income as Strong as U.S.

The video discusses the impact of legal provisions on profits, highlighting a €500 million charge and a small profit. It emphasizes the importance of fixed income and client relations, particularly for John Klein, who aims to maintain client trust. The discussion shifts to comparing US and European banks, noting the stronger recovery and capital positions of US banks, exemplified by Goldman Sachs' growth in tangible equity.

What factors contributed to the underperformance of European banks compared to US banks?

What significant change occurred in Goldman Sachs' capital during the discussed period?