Deutsche CEO’s new plan is a dicey bet on peace - liamwardproud -
Deutsche Bank on March 10 unveiled a 10% return on tangible equity target for 2025, compared with 8% for 2022.
To hit his new goal, Chief Executive Christian Sewing hopes to boost the lender’s revenue at a compound annual rate of between 3.5% and 4.5% from 2021 to 2025. That implies 30 billion euros of revenue in 2025, compared with 25.4 billion euros in 2021. Deutsche Bank shares were up 0.6% at 9.86 euros as of 1330 GMT on March 10. The Euro STOXX Banks Index was down 1.4%.Christian Sewing, CEO of Deutsche Bank AG, gestures during the bank's annual news conference in Frankfurt, Germany January 30, 2020.
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