Restructuring Deutsche Bank shows best quarter in 7 years: fewer loan losses

 Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring achieved lower costs and as the bank suffered fewer loan losses in an economy that is rebounding from the worst of the pandemic recession.

The quarterly results showed a distinctly different narrative for the bank, which had struggled for years with high costs and low profits as it faced heavy fines and trouble with regulators over matters such as manipulating interest benchmarks, lax money laundering protections and selling mortgage-based bonds that went bad.

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Source: Associated Press – DAVID McHUGH

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