FILE- In this May 24, 2018, file photo, CEO of Deutsche Bank Christian Sewing makes his way to the annual meeting of the bank in Frankfurt, Germany. Deutsche Bank said Wednesday, Oct. 24, 2018 that its net profit fell 65 percent in the third quarter, to 229 million euros (262 million), but CEO Christian Sewing said the bank made progress cutting costs — and would be profitable for the full year for the first time since 2014. (AP Photo/Michael Probst, File)
FRANKFURT: Deutsche Bank AG conceded that the scaling back of its business will hit revenue more than previously expected, even as cost reductions may help it post the first annual profit in four years.
Germany’s largest bank reported its lowest third-quarter revenue since 2010 and lowered its full-year outlook.
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