Deutsche Bank CEO pledges key profit target to rise each year

FRANKFURT (Reuters) -Deutsche Bank CEO Christian Sewing pledged that the lender’s key profit target – so-called return on tangible equity – will increase year-on-year in 2026, as well as in the following years.

Sewing, speaking at a financial conference organised by JPMorgan, also said the bank’s important fixed-income and currency business will eventually become fifth-ranked in the United States, up from the current No. 7 ranking.

(Reporting by Tom Sims, Editing by Miranda Murray)

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