Deutsche earnings

Deutsche announces weak results after anointing Ackermann heirs

Deutsche Bank's results are down on lower sales and trading volumes, indicating the challenge ahead for newly named co-chairmen Juergen Fitschen and Anshu Jain.

<div style="text-align: left;"> Anshu Jain, who will share Deutsche Bank's chairman role with Juergen Fitschen (AFP) </div>

Sameera Anand

July 27, 2011

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.

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