Deutsche Bank alone sank 9.5 percent as concerns mounted about its ability to maintain bond payments.
FRANKFURT: Deutsche Bank fell further behind its Wall Street rivals in 2016, lagging their strong rebound in bond trading in the last three months of the year and increasing pressure on CEO John Cryan ahead of an expected strategy update this spring.
Germany’s flagship lender posted a net loss of 1.9 billion euros (US$2.1bil) in the final quarter of 2016 as legal costs for past misdeeds weighed heavily on results.
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