Deutsche Bank AG, adding assets as other lenders trim their balance sheets, leapfrogged France’s BNP Paribas SA to reclaim the title of Europe’s largest bank.
Deutsche Bank AG co-Chief Executive Officer Anshu Jain is cutting compensation to placate shareholders as Europe’s debt crisis slashes financial-industry jobs, leaving workers fewer opportunities to defect.
Credit Suisse Group AG, the second- biggest Swiss bank, posted a smaller increase in third-quarter profit than analysts estimated and said it will scale back its interest-rates trading business.
"This is not ideal, but Deutsche Bank should be able to deal with the situation."
- Dirk Becker on Aug 12, 2014