Improving profitability at Deutsche Bank is biggest challenge - S&P

FILE PHOTO: A Deutsche Bank sign is seen on the floor of the New York Stock Exchange in New York, U.S., January 15, 2014. REUTERS/Brendan McDermid - Copyright Brendan McDermid(Reuters)

By Reuters

Published on 04/02/2019 - 15:04•Updated 07/05/2024 - 23:56

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FRANKFURT (Reuters) - Standard & Poor's left its ratings on Deutsche Bank unchanged on Monday and said profitability is the lender's biggest challenge.

The bank's earnings for the fourth quarter, announced on Friday, "confirm our view that management's biggest challenge is to improve profitability and bolster the bank's customer franchise", S&P said in a statement.

(Reporting by Tom Sims,; Editing by Tassilo Hummel)

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Iranian carpet shop owner Ali Faez works at his shop at the traditional bazaar of the city of Kashan, about 152 miles (245 km) south of the capital Tehran, Iran.

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Improving profitability at Deutsche Bank is biggest challenge - S&P

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