The financial institution is threatened with a payment of billions in an ancient legal dispute. Although the debacle had been apparent for a long time, the board placed hope on the principle. A dangerous strategy.
What was the mood lifted last Thursday when Deutsche Bank reported on its business success at the beginning of the year: That best quarterly result since 2013, exceeded analysts’ expectations, and the annoying problems with Postbank’s IT were more or less resolved. The bank delivered what it set out to do and promised the market, said CEO Christian Sewing. The share price continued its recent rally and rose to its highest level in several years.