Anshu Jain, who will share Deutsche Bank's chairman role with Juergen Fitschen (AFP)
Deutsche Bank became another investment-banking casualty during the second quarter, as it took a hit from lower sales and trading volumes. The German bank announced the results just one day after naming Juergen Fitschen and Anshu Jain as successors to Josef Ackermann as co-chairmen of the board.
Net profit for the quarter reached 1.2 billion $1.7 billion, up marginally over the first quarter and flat year-on-year.
“In the current period, many...