Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Deutsche Bank aims for strategy decision next week: newspaper

Published 04/13/2015, 01:59 PM
Updated 04/13/2015, 02:11 PM
© Reuters. The moon rises over an office building of Deutsche Bank AG in Frankfurt

FRANKFURT (Reuters) - Deutsche Bank 's (DE:DBKGn) management board aims to decide on its future business model next week and present its strategy at an extraordinary meeting of its supervisory board on April 24, Handelsblatt newspaper reported on Monday without citing sources.

If supervisory board questions can be answered quickly, the strategy could be made public on April 29 alongside first-quarter earnings figures, the paper said, adding that the management board has yet to reach a consensus on the business model.

Germany's biggest lender has said it is reviewing multiple options to create a sustainable strategy that will take the bank to 2018 and beyond.

A Deutsche Bank spokesman on Monday repeated that it planned to make more detailed information public in the second quarter.

Two sources familiar with Deutsche Bank's internal discussions told Reuters on March 21 that the lender's retail operations would bear the brunt of its planned restructuring and would most likely be spun off in a stock market listing.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.