Deutsche Bank to Get More ‘Aggressive’ in China as Lender Hunts for Elusive Profits

Caixin Global | Dec 4, 2020 at 8:00 PM
  • German lender Deutsche Bank AG is undergoing a radical transformation after five years of underperformance and will become more “aggressive” in China.
  • Despite the fallout of the Covid-19 pandemic, the bank booked a profit of 309 million euros ($374 million) in the third quarter.
  • The bank has also applied to China’s securities watchdog for a fund custody license.