Deutsche Bank reported increases in its asset and wealth management (AWM) division as it saw increased revenue from the Sal Oppenheim acquisition and improved client fees. However, a Citi report described the results as mixed, noting that AWM’s pretax profit was €45m (versus €68m forecast), and stated that there were further losses in private wealth management (PWM). The bank for…
Have a confidential tip? Get in touch [email protected]