Deutsche Bank’s WM arm suffers, as group posts grim Q2 earnings report

28 July 2016 | 1 minute read

Deutsche Bank’s wealth management arm suffered a hefty drop in revenue in the year’s second quarter, while its Asia assets under management (AUM) remained flat, according to the bank’s latest earnings report. The German lender’s second quarter financials were dire to say the least, with group profits slumping almost 98% year-on-year, from €818 million (US$908 million) to €20 million (US$22…

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