Deutsche Bank Cuts Fixed-Income Jobs Amid Sewing Turnaround Plan

Deutsche Bank is cutting jobs in its fixed income unit due to underperformance, particularly in the Latin American credit business. Initially, the bank aimed to protect fixed income traders, but market realities necessitated broader cuts. The bank's future strategy focuses on corporate banking, though profitability remains uncertain. Analysts doubt Deutsche Bank's revenue projections, but the bank claims conservative estimates with potential for over-delivery, contingent on interest rate impacts.

What is the future focus of Deutsche Bank as mentioned in the discussion?

What factors could influence Deutsche Bank's ability to generate projected revenues?